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chainlink decentralised finance defi link

DeFi Deep Dive: What is Chainlink?

Written By Ivan on Tech

Oct 10, 2020

If you ask people in the crypto space what they think of when you say ‘oracles’, many will likely say “Chainlink”. Chainlink has become the number-one most trusted oracle throughout the crypto space and beyond, boasting partnerships with some of the biggest names in tech and an array of integrations and partnerships with an impressive roster of collaborations.

Specifically, the Chainlink project aims to reinvent how automated financial contracts work and is at the forefront of the fourth industrial revolution. Oracles are the backbone of many DeFi projects and provide the foundation for a multitude of applications.

In this article, we’ll explore how Chainlink works, how the native LINK token works, and why Chainlink has become the oracle of choice for so many cryptocurrency projects and businesses worldwide.

Before you dive into Chainlink, be sure to check out the various blockchain and crypto courses available on Ivan on Tech Academy. Ivan on Tech...

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