What is chainlink & how does it work?

Chainlink is a decentralized oracle network that connects blockchains with off-chain data. Chainlink uses hybrid smart contracts to integrate on-chain code and off-chain data infrastructure. Chainlink tokens—called LINK—serve as currency to pay Chainlink network operators for retrieving and preparing off-chain data and performing computations.

How much is a chainlink worth?

One Chainlink (LINK) is currently worth $6.50 on major cryptocurrency exchanges. You can also exchange one Chainlink for 0.00024232 bitcoin (s) on major exchanges. The value (or market capitalization) of all available Chainlink in U.S. dollars is $3.36 billion. What is the Reddit page for Chainlink?

What is a chainlink SLA contract?

The Chainlink SLA Contract generates three sub-contracts: a Chainlink Reputation Contract, a Chainlink Order-Matching Contract, and a Chainlink Aggregating Contract.

How can a chainlink automation system improve composability?

Use a decentralized network of Chainlink Automation nodes to automate contracts, mitigating risk of manual interventions and centralized servers. “Part of composability is that you don’t have to build everything by yourself. Chainlink’s oracle is very good, and it’s part of this whole composability idea, it’s vital.”