Cryptocurrencies aim to become useful to all players in the world we live in, so that their adoption has meaning and is not trivial. To accomplish this, we need to solve a problem: the real world and the blockchain must be interconnected almost instantly in order to process and use data associated with various events. This is where Chainlink appears, one of the cryptos with the strongest shoulders to be a mainstay of global crypto adoption.
The Chainlink project :
With Chainlink, users can connect smart contracts on the blockchain to real-world data. Adding a much broader utilitarian perspective to smart contracts! To do so, the Chainlink platform pays its oracles with the LINK crypto. What are oracles? Essentially, they provide real-world data to smart contracts in order to establish a link between the blockchain and off-chain (the cornerstone of interconnection).
We can therefore propose a huge step towards the massive use of the blockchain in our daily lives because it combines automation and decentralization while integrating data from around the world.
Organizations and companies can automate events reliably with Oracles. For meteorology, for transport companies, for administration, for the media... Chainlink and Oracle can serve almost all industries in our world today.
As for development with other entities, Chainlink is compatible with a wide range of blockchains, allowing users to connect their contracts with data from many different networks.
As examples of partners, we have Google, Oracle, SWIFT, and many other major players in the industry supporting the project.
We found that Chainlink's contribution to the transition from digital to web3.0 is undeniable, and it has the potential to become a real icon.
It has a serious team, a long-running project, the trust of investors and partners... The crypto community almost unanimously approves of this project!