Home Blockchain ChainLink (LINK) Oracles Doing Excellent Job as a Middle Way Transferring Data for Smart Contracts

ChainLink (LINK) Oracles Doing Excellent Job as a Middle Way Transferring Data for Smart Contracts

Chainlink Smart Contracts

Node operators are the backbone of the Chainlink Network, providing smart contracts across numerous blockchains access to off-chain resources.  Node operators have a key role to play in the network.  It is important to understand ChainLink Node operators. 

The ChainLink educational series have explained node operators in detail.  They have covered for how the node operators participate with decentralized oracle networks thus making it possible for engineers to fetch external data in a secure and reliable manner.  The oracle infrastructure is operated by the nodes.  This is very important because it is the oracle which ensures that every smart contract on the different blockchains get real world data. The accuracy of data is what is important for them to execute the codes of their smart contract properly.

It is well known that, due to security issues on-chain smart contracts are not able to fetch data from off-chain, external systems. Therefore, the oracle is in place to function as a middleware which will transfer data in a bidirectional manner between the on-chain and off-chain environments. 

Thus who are new might have to understand why node operators are in the ChainLink Network, the requirements of running a ChainLink Node, how the Chainlink node operators sell data to smart contracts, and how to find and evaluate ChainLink Node operators.

Understanding this will help get an insight in to how Node Operators are the lifeblood every data feed facilitated by the Chainlink Network and how they are directly securing billions of USD value in the growing smart contract economy.  

Sydney Ifergan, the crypto expert tweeted:  “ChainLink (LINK) Network and their oracles are supporting an ever-growing number of smart contract and blockchain projects who are looking for real-time and accurate data for their projects.”

The oracles are continuing to play a major role in several DeFi projects.

ChainLink (LINK) Integrations

Solve.Care are a global healthcare blockchain technology company. They are making use of innovative approaches to solve the complex problems that plague healthcare around the world. Solve.Care reportedly started off when they realized that the current health care system is failing them.  They are looking to ensure easy coordination of medical care by building a patient-centric platform.

Healthcare blockchain platform Solve Care are is collaborating with ChainLink to expand smart contracts’ role in the healthcare industry. Chainlink oracles will source & deliver off-chain medical data required to execute blockchain-based healthcare services.

Of note,By 2019, Solve.Care was awarded the most Innovative Blockchain Project Award at the Blockchain Life 2019 Forum in Singapore.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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