What is a Blockchain Oracle? What is the Oracle Problem? – Chainlink Engineering Tutorials

Understand what Blockchain Oracles are, and the challenges that they face in the Oracle Problem. Understand why your smart contracts and blockchain platforms can’t themselves make API calls as part of their consensus. Then, understand how Chainlink solves each one of these.

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is critical to connecting the blockchain ecosystem to the rest of the world.

Oracles & the Oracle Problem:
More on Oracles: https://blog.chain.link/oracles-the-key-to-unlocking-smart-contracts/
The Oracle Problem: https://blog.chain.link/what-is-the-blockchain-oracle-problem/
Why can’t blockchain smart contracts make API calls: https://ethereum.stackexchange.com/questions/301/why-cant-contracts-make-api-calls

Learn more about Chainlink :
Documentation: https://docs.chain.link/docs/getting-started
Discord: https://discordapp.com/invite/aSK4zew – Very active and developer focused!
Website https://chain.link
Building DeFi Applications: https://defi.chain.link/
Twitter https://twitter.com/chainlink
Telegram https://t.me/chainlinkofficial

(Visited 31 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

kusama
Kusama (KSM) 185,41 2,07%
compound-governance-token
Compound (COMP) 413,16 12,49%
dash
Dash (DASH) 137,32 2,65%
zcash
Zcash (ZEC) 100,51 0,53%
yearn-finance
yearn.finance (YFI) 28.390,59 2,43%
bitcoin
Bitcoin (BTC) 33.214,23 0,31%
ethereum
Ethereum (ETH) 2.367,27 4,69%
tether
Tether (USDT) 0,851280 0,48%
cardano
Cardano (ADA) 1,16 0,82%
xrp
XRP (XRP) 0,614266 0,26%
dogecoin
Dogecoin (DOGE) 0,168904 0,56%
polkadot
Polkadot (DOT) 16,16 1,59%
usd-coin
USD Coin (USDC) 0,851280 0,39%
uniswap
Uniswap (UNI) 20,77 7,74%
bitcoin-cash
Bitcoin Cash (BCH) 453,17 1,39%
chainlink
Chainlink (LINK) 20,27 2,67%
matic-network
Polygon (MATIC) 0,893422 0,44%
solana
Solana (SOL) 31,34 4,32%
litecoin
Litecoin (LTC) 119,68 0,84%
stellar
Stellar (XLM) 0,235125 0,14%
ethereum-classic
Ethereum Classic (ETC) 44,65 3,22%
eos
EOS (EOS) 3,48 0,10%
tron
TRON (TRX) 0,058789 2,73%
filecoin
Filecoin (FIL) 47,90 0,05%
aave
Aave (AAVE) 319,56 15,23%
monero
Monero (XMR) 207,54 5,49%
dai
Dai (DAI) 0,851280 0,61%
tezos
Tezos (XTZ) 2,72 3,12%
cosmos
Cosmos (ATOM) 11,02 2,33%
algorand
Algorand (ALGO) 0,710405 0,86%