chainlink whitepaperWhat Is Chainlink?

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chainlink whitepaper how do you stake chainlink What Is Chainlink?
The Chainlink network offers a solution to the age-old problem, garbage in, garbage out. Which means that an application can only produce high quality results with high-quality data. Chainlink provides decentralized applications with the definitive truth about the external world so they can trigger reliable real-world outcomes. You have probably heard how blockchain-based smart contract applications will change the way the world exchanges value and facilitates agreements. But there is a problem… A blockchain’s security is derived from a decentralized network of independent validators who purposefully limit their connection to the outside world. To securely retrieve data from the outside world, smart contracts require an additional piece of infrastructure known as an oracle. The data that controls Smart contracts needs to meet the highest possible standards because it will directly control billions and eventually trillions of dollars in value. But what if you could leverage the same decentralized computation guarantees used to secure the blockchain, to securely retrieve and validate the data smart contracts require? Chainlink is a decentralized oracle network that provides smart contracts a tamper-proof, and highly available connection to all of the world’s highest quality data feeds. With chainlink, a smart contract can access data pertaining to: Financial markets Cryptocurrency prices Weather Sports results IoT sensor readings and any other real world validated data needed. to enable more robust and useful blockchain-based applications. Chainlink provides the definitive truth about the real world for high-value smart contract application for any blockchain network, securely connecting the world’s existing infrastructure to the emerging blockchain infrastructure that aims to redefine it. Chainlink is the industry-standard Web3 services platform connecting the world’s data and systems to blockchains.As the leading decentralized oracle network, Chainlink has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains. Read the beginner’s guide to Chainlink: Learn more about Chainlink: Website: Docs: Twitter: Chainlink web3 blockchain crypto web3,blockchain,Chainlink,