Cryptocurrency Q&A
On which blockchain is Chainlink built?
On which blockchain is Chainlink built?
Tommaso
Sat Sep 21 2024
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7 answers
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Could you tell me which blockchain technology serves as the foundation for Chainlink? I'm interested in understanding the architecture and underlying infrastructure that supports this decentralized oracle network. Is it based on a popular blockchain like Ethereum, or is it utilizing a lesser-known or proprietary blockchain solution?
7 answers
Lorenzo
Mon Sep 23 2024
By enabling secure communication channels, Chainlink facilitates the integration of off-chain information into smart contracts operating on the Ethereum network.
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Bianca
Mon Sep 23 2024
This integration is crucial as it allows smart contracts to access real-world data that is essential for their execution and decision-making processes.
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Eleonora
Mon Sep 23 2024
The LINK token, the native cryptocurrency of Chainlink, is an integral part of this ecosystem. It is designed to incentivize node operators who provide the off-chain data and services necessary for Chainlink's functionality.
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AzurePulseStar
Mon Sep 23 2024
Being built on the Ethereum platform, LINK tokens adhere to Ethereum's protocols and standards, ensuring seamless interoperability within the Ethereum ecosystem.
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CryptoLord
Mon Sep 23 2024
Chainlink is a prominent player in the realm of blockchain technology, offering a solution that bridges the gap between Ethereum projects and external data sources.
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