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Basics

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Quick Take - The basics

Text here

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]

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

‎
  1. ↑ https://www.smartcontractresearch.org/t/research-summary-chainlink-2-0-next-steps-in-the-evolution-of-decentralized-oracle-networks/300

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