About Chainlink: Difference between revisions
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Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING | Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING | ||
Blockchains are highly secure and reliable networks for value exchange but lack the functionality to natively fetch external data or send data to off-chain systems in a manner that retains end-to-end tamper-resistance.<ref>https://chain.link/use-cases</ref> | Blockchains are highly secure and reliable networks for value exchange but lack the functionality to natively fetch external data or send data to off-chain systems in a manner that retains end-to-end tamper-resistance.<ref name="use cases">https://chain.link/use-cases</ref> | ||
Through the use of secure oracles, Chainlink extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner.<ref | Through the use of secure oracles, Chainlink extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner.<ref name="use cases" /> | ||
'''REVIEW NEEDED''' | '''REVIEW NEEDED''' | ||
Chainlink is secure, open-source [[glossary#blockchain|blockchain]] [[Glossary#middleware|middleware]] (referred to as an “[[oracles|oracle]]”) that provides [[smart contracts]] with any type of data or computation that they cannot inherently obtain on their native blockchain due to technical, financial, governance, or legal constraints. | Chainlink is a secure, open-source [[glossary#blockchain|blockchain]] [[Glossary#middleware|middleware]] (referred to as an “[[oracles|oracle]]”) that provides [[smart contracts]] with any type of data or computation that they cannot inherently obtain on their native blockchain due to technical, financial, governance, or legal constraints. | ||
Unlike blockchains, which maintain internal consistency around transaction validation, Chainlink aims to generate and deliver oracle reports to blockchains that accurately reflect the state of external events and computation. Chainlink oracles are able to generate oracle reports because the Chainlink oracle node software can read data from and write data to blockchains and APIs and perform off-chain computation. | Unlike blockchains, which maintain internal consistency around transaction validation, Chainlink aims to generate and deliver oracle reports to blockchains that accurately reflect the state of external events and computation. Chainlink oracles are able to generate oracle reports because the Chainlink oracle node software can read data from and write data to blockchains and APIs and perform off-chain computation. |
Revision as of 07:36, 21 June 2022
Quick take - Chainlink
Chainlink is an open-source infrastructure project that provides blockchains and blockchain based smart contracts with any type of data or computation that they cannot inherently obtain due to technical, financial, governance, or legal constraints. |
Vision
In the article entitled "Three Years on Mainnet", published in May 2022, the Chainlink team clearly state their overriding vision.
"From day one, the goal of Chainlink has been to provide the most secure oracle services possible to unlock DeFi and equip global industries to realize the power of smart contracts."
In depth
In the most simplistic of terms, Chainlink brings additional functionality to smart contracts.
Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING
Blockchains are highly secure and reliable networks for value exchange but lack the functionality to natively fetch external data or send data to off-chain systems in a manner that retains end-to-end tamper-resistance.[1]
Through the use of secure oracles, Chainlink extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner.[1]
REVIEW NEEDED
Chainlink is a secure, open-source blockchain middleware (referred to as an “oracle”) that provides smart contracts with any type of data or computation that they cannot inherently obtain on their native blockchain due to technical, financial, governance, or legal constraints.
Unlike blockchains, which maintain internal consistency around transaction validation, Chainlink aims to generate and deliver oracle reports to blockchains that accurately reflect the state of external events and computation. Chainlink oracles are able to generate oracle reports because the Chainlink oracle node software can read data from and write data to blockchains and APIs and perform off-chain computation. REVIEW NEEDED
History
Blockchain agnostic
https://blog.chain.link/chainlinks-blockchain-agnostic-design/
Team
Chainlink Labs
Advisors
Advisory Boards - Policy Making
In addition to their core offerings, Chainlink belongs to a number of organizations and advisory boards that are developing blockchain specifications and standardized frameworks aimed at boosting innovation, awareness and development within tokenized ecosystems.
Find out more HERE.
https://blog.chain.link/chainlink-enterprise-blockchain-middleware/
About Chainlink Resources
Our goal with the Wiki resource lists is to create authoritative archives for readings and other resources pertaining to specific topics.
As such, the Wiki aims to keep all resource lists current, consistent, accurate and clear.
Timeline
Date | Media | Author | Title |
---|
Educational
Date | Media | Author | Title |
---|---|---|---|
N/A | Official Docs | Chainlink | Chainlink Overview |
25 Sep 22 | Article | Chainlink | Blockchain Agnostic: What, Why, and How? |
17 Sep 21 | Article | Chainlink | Chainlink’s Blockchain Agnostic Design: Native Oracle Support for Any Network |
17 Sep21 | Video | Chainlink | What Is Chainlink? |
25 Jan 21 | Article | Chainlink | What Is Chainlink? A Beginner’s Guide |
30 May 22 | Article | Chainlink | Three Years on Mainnet |