Decentralized oracle platform Chainlink unveiled its whitepaper 2.0 yesterday, making improvements and update to seven aspects of its network.
Oracles are third-party tools that fetch data from outside to blockchain to within, as blockchains, by design, are immutable stores of data but cannot automatically verify the authenticity of that data.
Chainlink helps solve that issue by fetching highly verifiable data from a variety of sources to ensure the smooth functioning of a blockchain network and application. It’s the largest oracle network with its $17 billion marketcap.
Chainlink’s seven
The whitepaper brought forth the so-termed ‘hybrid’ smart contract, an improvement over the currently-used mechanism. Smart contracts a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.
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Źródło: https://cryptoslate.com/inside-the-chainlink-2-0-whitepaper-the-7-updates-you-should-know/
