You can write a brief introduction about the project, its founders, creators, and/or compompany. Everything that needs to be known at the introductory level should be explained here.
If we start, then we should start with the blockchain and the Blockchain is an immutable, decentralized ledger stored in blocks. it should be clear that the blockchain is similar to the internet, in fact, it is referred to as the modern internet. While we have data on the chain, we still have more data off off-chain simost of our data isa is off-chain. A looking at the blockchain, the next thing to look at is is a Smart Contr
A smcontract is a set of code on the blockchain which serves as an agreement between two parties whereby a default in one affects the entire contract but if both parties follow the agreement, it is ang it.
Oracle icuted without both parties influencing it.
Oracle is a middleware that is used to process data, database workloads, and other online processing. With Oracle, Chainlink can transfer/process data from the off-chain internet to the blockchain smart contract. Launched in June 2017, Chainlink was founded by SmartContract and it is a decentralized network that uses Oracle to process data from the off-chain internet to the smart contract on the blockchain. With.
How Chaiis tnk Works
About the project and its use case on the blockchain. The complete breakdown of how the project works and how it can be used in the physical scenario. You can also include gornance in this part, consensus if available and so on.
CChainlin trust issues.
How Chainlink Works
Chainlink helps to get off-chain information on-chain which is its use case. To do this, a smart contract puts a request for data required by the blockchain, in other to get the data from off-chain internet, Chainlink registers the request as an event on the blockchain (Chainlink service Level Agreement Contract [SLA]). This contract generates three sub-contracts; the Chainlink Reputation Contract, A Chainlink Order-Matct.
This contract ch
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- Chainlink Reputation Contract
This contract checks the authenticity of an Oracle providearded.
Chainliand verifies itng Contract
This contracracle provider is below standard, it will be discarded.
- Chainlink Order-Matching Contract
This contract is used to send the request to C.
Chanodes as well as takontract
This is quest as well as pick the right nodes to perform the request.
- Chainlink Aggregating Contract
This is used to validate data from the Oracles so as to provide accurate results. ge
About the nae token,
T the tokennomics of the token, including the total supply, ICO, price, and so on.
Link tlink uses Chainlink Core to make the data collected understandable in real language
Link token is Chainlink's token used to transact on the protocol. A good use case is for Requesting Contract holders who use Link to pay Node operators on the platform. The Link must also be staked by node operators thereby showing their commitment to the chain. The task.
Built onavailable is what is used as criteria to determine which node will be requested to perform a task.
Built on the Ethereum blockchain, Link is an ERC-20 token. Chainlink held an ICO in September of 2017and realized $32 Million by selling about 35% of its total supply of885,534.
ConclusionEverything that needs to be known about the project should be included in your post as I will be going through every project and we will be interacting on these projects.
Note This is an example and you should not write your post in this format or this way.on tokens. Link is sold at $30.90 at the time of writing and has a market capitalization of $12,656,885,534.