Review on Chainlink by erdi yılmaz
Chainlink
Chainlink (LINK) is a localized network that provides information to smart contracts. Founded by Sergey Nazarov and Steve Ellis in 2017, Chainlink aims to solve the problem of providing off-chain information with smart contracts.
Smart contracts are designed to run automatically if certain parameters are met. When these parameters are off-chain, the necessary information is obtained from oracles.
Off-chain oracles tend to be centralized, and thanks to them, both reliable and time-critical information can be provided.
ChainLink aims to break this trust by feeding information to smart contracts through the network, a decentralized network that works together on the Link blockchain to validate and transmit critical information of these contracts.
The ChainLink network allows users with the information-carrying data stream or APIs to easily provide information to smart contracts in exchange for a LINK token.
Pros
- A project that can develop with various partnerships
- Listed on many exchanges
Cons
- its value has not reached the sufficient level yet
