Cryptocurrency Q&A
What is Chainlink backed by?
What is Chainlink backed by?
Federica
Tue Oct 22 2024
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6 answers
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I want to know the background or the supporting factors of Chainlink. Specifically, I'm curious about what it is backed by, which could include its technology, funding, community support, or other resources that contribute to its stability and credibility.
6 answers
GangnamGlamourQueen
Thu Oct 24 2024
This innovative network allows Ethereum smart contracts to transcend their traditional boundaries, integrating with external data sources, payment systems, and user interfaces in a secure manner.
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DigitalBaron
Thu Oct 24 2024
By doing so, Chainlink enables smart contracts to access real-world information and execute transactions based on verified, tamper-proof data.
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CryptoAlly
Thu Oct 24 2024
Chainlink (LINK) DON operates on the foundation of the LINK token, an Ethereum-based digital asset.
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emma_anderson_scientist
Thu Oct 24 2024
This level of interoperability and flexibility opens up a world of possibilities for decentralized applications (DApps) and smart contract-based services.
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CryptoTamer
Thu Oct 24 2024
The LINK token serves as the backbone of a network that facilitates seamless communication between various components within the blockchain ecosystem.
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