Chainlink is the largest provider of decentralized oracles in the crypto industry. The technology is particularly in demand in the field of decentralized finance. Oracles are also used by large companies that are not related to the blockchain. LINK is a native Chainlink token. It is used mainly to pay for the work of node operators, on the basis of which oracles work.

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Chainlink

tbarr

David Miller ⬡

RT @tbarr: Thanks @CryptoDavid_ for the discussion on CL positioning. Right now, we believe the answer is: Chainlink is a Web3 services pla…

Thanks @CryptoDavid_ for the discussion on CL positioning. Right now, we believe the answer is: Chainlink is a Web3 services platform that connects the world’s data and systems to blockchains.

Let’s break down our thinking: