Chainlink is a decentralized network of oracles that focuses on providing real-time data to smart contracts on the blockchain. It promotes its LINK token, it is widely used to pay for services on the network.
Chainlink is a unique cryptocurrency and works as a kind of intermediary in the decentralized network. Unlike other blockchain projects, it focuses on creating public smart contracts, surpassing the crypto bubble.
In essence, it is a decentralized network of nodes that provide data and information from sources outside the blockchain to smart contracts inside the blockchain using oracles.
Many people are wondering what the future of Chainlink cryptocurrency looks like, given that it is now in demand for the development of the Ethereum infrastructure. The Chainlink decentralized oracle project has also been one of the big winners in the cryptoeconomics of 2019 and 2020, especially in terms of network adoption, partnerships, and price action.
