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    Chainlink

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    Phillip James Tan
    Mining is the process that adds new coins to circulation and maintains the blockchain ledger. It involves using sophisticated computers to solve complex computational problems. Chainlink is a decentralized network of nodes that provides off-chain data to on-chain smart contracts via oracle software. LINK tokens are used to pay for services on the Chainlink network. Chainlink was founded in 2014 to create a bridge between external data and public blockchains and eventually developed their Chainlink product to allow smart contracts to connect to web APIs and data sources.

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    Chainlink

    Uploaded by

    Phillip James Tan
    136 views15 pages
    Mining is the process that adds new coins to circulation and maintains the blockchain ledger. It involves using sophisticated computers to solve complex computational problems. Chainlink is a decentralized network of nodes that provides off-chain data to on-chain smart contracts via oracle software. LINK tokens are used to pay for services on the Chainlink network. Chainlink was founded in 2014 to create a bridge between external data and public blockchains and eventually developed their Chainlink product to allow smart contracts to connect to web APIs and data sources.

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    An overview about chainlink cryptocurrency

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    Mining is the process that adds new coins to circulation and maintains the blockchain ledger. It involves using sophisticated computers to solve complex computational problems. Chainlink is a decentralized network of nodes that provides off-chain data to on-chain smart contracts via oracle software. LINK tokens are used to pay for services on the Chainlink network. Chainlink was founded in 2014 to create a bridge between external data and public blockchains and eventually developed their Chainlink product to allow smart contracts to connect to web APIs and data sources.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    136 views15 pages

    Chainlink

    Uploaded by

    Phillip James Tan
    Mining is the process that adds new coins to circulation and maintains the blockchain ledger. It involves using sophisticated computers to solve complex computational problems. Chainlink is a decentralized network of nodes that provides off-chain data to on-chain smart contracts via oracle software. LINK tokens are used to pay for services on the Chainlink network. Chainlink was founded in 2014 to create a bridge between external data and public blockchains and eventually developed their Chainlink product to allow smart contracts to connect to web APIs and data sources.

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    OVERVIEW OF MINING

    • Mining is the process by which new coins are entered into


    circulation, but it is also a critical component of the
    maintenance and development of the blockchain ledger. It is
    performed using very sophisticated computers that solve
    extremely complex computational math problems.
    OVERVIEW
    • Chainlink is a decentralized network of nodes that provide data
    and information from off-blockchain sources to on-blockchain
    smart contracts via oracles.

    • LINK tokens are the digital asset token used to pay for services
    on this network.
    HISTORY
    • Chainlink traces its origins back to September 2014, when its
    parent company SmartContract.com was founded to
    create a bridge between external data sources and public
    blockchains. The team eventually developed a product called
    Chainlink that allows smart contracts to connect to data feeds
    from any web API and data source.
    • Sergey Nazarov
    SMART CONTRACTS
    • Smart contracts are pre-specified agreements on the blockchain
    that evaluate information and automatically execute when
    certain conditions are met.

    • For smart contracts to craft agreements beyond those that


    pertain to data found on the blockchain, they require off-chain
    data in an on-chain format.
    ORACLE
    • An oracle is software known as ‘middleware’ that acts as an
    intermediary, translating data from the real world to smart
    contracts on the blockchain and back again.

    • However, a single centralized oracle creates the very problem a


    decentralized, blockchain-secured smart contract aims to solve
    — a central point of weakness.
    • Chainlink has created a way to reliably, and efficiently, provide
    accurate data to smart contracts on smart-contract enabled
    blockchains.
    SOURCES
    • Chainlink Price Prediction 2021 - How High Will LINK Price Reach? (coinpedia.org)
    • The 2025 - 2030 Chainlink
    (LINK) Price Prediction: The Exponential Growth Has Just Begun - – Cryptocurrency Fore
    casts, Analytics –
    Crypto-Rating.com
    • What Is Chainlink? Oracles, Nodes and LINK Tokens | Gemini
    • Messari - Bitcoin & crypto price, news, charts, and research
    • Chainlink Price Chart (LINK) | Coinbase
    CUDO MINER LINK
    • Cudo Miner | Cryptocurrency Mining Software | GUI GPU Multiminer |

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