Chainlink works to aggregate data from various sources via oracles or independent decentralized networks. It then creates a single data point with the information from the sources to the smart contracts on blockchain. Anyone can use Chainlink oracles, which are motivated to deliver precise and prompt information by utilizing Chainlink’s native digital currency, LINK. The main objective of Chainlink is to establish a stronger and safer framework for intelligent contracts that can effectively function with outside data sources, opening up numerous new possibilities for blockchain technology.
