Chainlink (LINK)

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Founded in 2017, Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.

Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field.

Major Developments

In 2022, Chainlink is planning to introduce staking for LINK holders to secure the network and earn rewards.