Ecosystem supporter
Chainlink
Oracle network that brings outside prices and reserve data onto blockchains.
- Native asset
- LINK
- Role
- Oracle and data bridge
- Use
- Prices and proof of reserve
Profile
Chainlink is a decentralized oracle network. A blockchain cannot see a market price, an interest rate, or a proof of reserve figure on its own. Chainlink nodes bring those outside figures on chain so a contract can act on them. The project is closely associated with Sergey Nazarov and is widely used by decentralized finance protocols that need a published price.
Those price feeds are a common reference for on chain lending and for tokenized products that must show what backs them. The network has also published tools for moving messages between chains. That matters once a portfolio is no longer on a single network.