Blockchain
By Sydney TheCMO
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Chainlink leveraging blockchain’s mainstream adoption
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Resolving the problem of data confidentiality
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Chainlink is not alone in the movement
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The blockchain technology is developed with the aim to create “definitive truth”- assurance of tamper-proof agreement which was earlier not feasible with computing systems.
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Ever since its inception three years back, the Chainlink oracle has served as the much needed bridge between blockchain’s on-chain world and the off-chain external world data.
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In regard to the DeFi zone, Chainlink’s oracle systems are helping developers of smart contracts to create financial products around real-world data events.
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Now, data confidentiality has been a major problem with decentralized computation. But the good thing is, Chainlink has been proactive to resolve the said problem lately with the…
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The increasing demand for blockchain’s mainstream adoption has staggering developments in the oracle world of late.
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Bridge oracle is a decentralized oracle which assures tamper-proof, verifiable and authentic off-chain data for smart contracts and DeFi applications operating on it.
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