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

The majority of smart contract use cases require access to off-chain data and computation.

By combining on-chain apps with off-chain data and systems, #Web3 devs can build novel applications that uphold the strong security guarantees of blockchains.

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