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All about chainlink. Why google loves it.

About chainlink, it is a blockchain oracle platform that connects to real-world applications and data and an API.

Chainlink was one of the new invention, was initially called SmartContract and aims to bridge the gap between blockchain and legacy systems. So, on-chain processing includes smart contracts with parameters specified in a Service Level Agreement (SLA). The Oracle data is aggregated. It is verified to prevent tampering, and oracles are rewarded with LINK, which is Chainlink’s native Ethereum token.

You need to know, Chainlink currently resides on the Ethereum blockchain. It has supports connectivity to other Ethereum dApps. It will soon support more blockchains, as interoperability is the focus of the entire project. The founder of chainlink is already working with the SWIFT payment network on the SWIFT Smart Oracle.

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