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Basics

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Chainlink - The basics

A brief description of......goes here.

The oracle problem

What is the oracle problem? The oracle problem is the challenge of connecting smart contracts to off-chain resources due to the inherent security properties of the blockchain. This oracle problem exists for every blockchain network and smart contract platform.[1] For more details on the oracle problem click HERE.

Smart contracts - general


Blockchain agnostic

https://blog.chain.link/chainlinks-blockchain-agnostic-design/

Chainlink specific contracts

  • Market & data feed speific contracts. We've broken the history out into contract-based milestones.
    • Direct Request / Runlog (DR)
    • Flux Monitor (FM)
    • Offchain Reporting (OCR)
    • (what could be next)
  • Keeper contracts.
  • VRF contracts.


Oracles


The Link token


THIS A LINK TO THE CHAINLINK BASICS


https://blog.chain.link/what-is-chainlink/

SECTIONS TO EXPAND

TOKEN - ERC677