Chainlink is an oracle network that allows smart contracts to access real-world data. Oracles make it possible for smart contracts to connect to outside world data and perform transactions on that data. #Chainlink is the most popular and reliable oracle system that performs this function.
Chainlink's main goal is to connect smart contracts with real-world data. In this way, smart contracts can use data from various sources such as financial assets, IoT devices, weather data. This makes smart contracts more realistic and useful.
Chainlink operates independently of#blockchainnetworks. It can be compatible with different#blockchainnetworks such as #Ethereum, #Polkadot, #Solana. This feature makes Chainlink widely used.
Other important features of Chainlink include reliability, transparency and decentralization. The Chainlink network provides highly reliable and high-quality data by using the average value of data from multiple sources. Additionally, all transactions and activities of the network can be monitored transparently by everyone. Since Chainlink has a decentralized structure, it does not have a single point of failure.
The $LINK token is used to perform transactions on the Chainlink network and participate in the network.
Chainlink ($LINK) Metrikleri:
Market Value: Approximately 3.5 billion US dollars
Circulating Supply: $467 million LINK
Total Supply: $1 billion LINK
Processing Time: Varies depending on #Blockchain
Transaction Fee: Average $0.0001 LINK
Consensus Mechanism: Decentralized Oracle Network
Annual Inflation Rate: Approximately 2%
