Confidence in the crypto industry has cracked after the crises of the past year, and there is great uncertainty after the FTX and Terra scandals. Hardly any project plays a bigger role in cleaning up this shambles than Chainlink. The Oracle network is something like the invisible hand that steers the ecosystem of decentralized applications in an orderly manner. In terms of function, Chainlink provides smart contracts with reliable, verifiable data. Both from the outside world and among themselves. Its importance is often underestimated, but recent incidents have reaffirmed it.
The truth business is booming
Chainlink ensures data exchange between blockchains and the “real” world. Information such as weather data or real-time prices can thus be used for blockchain-based applications. This opens up opportunities for the crypto sector that could only be guessed at so far. The Chainlink data network solves a very fundamental problem: how can it be ensured that the information in a smart contract is correct?
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