chain carpet: Defi Ecosystem Potential Liberation
Blockchain technology in the world, cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and others, have received enormous attention due to their decentralized nature. However, another essential component emerged to change the revolution in the Defi ecosystem (financial decentralized): “Chainlink” (connection).
What is defi?
Defi refers to a broader series of financial services that fully operate on Blockchain technology, no brokers such as banks or exchanges. This includes loans, loans, trade and other financial activities facilitated by intellectual contracts and decentralized networks.
The Defi ecosystem has gained momentum in recent years, with various protocols and platforms that provide various services such as collection, liquidity and stable management.
Chainlink: Oracle decentralized icle
Chainlink is probably one of the most innovative components of the Defi ecosystem. Its role is focused on the real world data relating to intellectual contracts to make reasonable decisions. Basically, Chainlink acts from the decentralized Oracle network that connects users to sources of external data.
The main concept of Chainlink is its ability to provide the opportunity for intelligent treaties for developers to obtain appropriate and state information -from various sectors such as market data, prices and other external factors. This allows developers to develop stronger and more effective Defi programs, including insights on the world of their contracts.
How does the chain work?
Chainlink uses a network of knots that act as intermediaries between the intelligent contract and the external database origin. These nodes are called “Oracle” nodes and provide access to various data supplies such as market price, ordination books and other important information.
When the user wishes to access data from an external source to be used in his intellectual contract, the chain node is requested. The node returns the requested data, which are subsequently integrated into an intelligent contract. This allows developers to create more accurate and reliable Defi programs that take into account the dynamics of the real world market.
The main features of the chain
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- Radowment
: The chain decentralized network allows you to make an elaboration and a modifiable data receipt, making it suitable for a variety of use.
Effect on Ecosystems Defi
Chainlink had a remarkable impact on the Defi ecosystem in different ways:
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- New times : The chain decentralized network has opened a new use of DIFI, such as the supply of real -time market data according to the loan protocols.
Conclusion
Chainlink is a DEFI game converter that provides the essential component of wider financial services operating in Blockchain technology. Its ability to combine users with sources of external data, to developers, offers developers the opportunity to create stronger and more effective Defi programs, to promote innovation and reception in the ecosystem.