What is Oracle data and how does it relate toChainLink ?
Oracle data is a type of data that is used to connect real-world events to smart contracts on the blockchain.
Oracle data can be used to trigger smart contracts when certain conditions are met, such as when a stock price reaches a certain level or when a shipment arrives at its destination. ChainLink is a decentralized oracle network that provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. It connects off-chain data sources, APIs, and payment systems to smart contracts so they can be triggered by external events.
By using ChainLink’s secure oracles, developers can create reliable and secure applications that interact with real-world data in a trustless manner. This allows developers to create applications that are not limited by the capabilities of the underlying blockchain technology.
