In this episode of the BeInCrypto video news show, host Jessica Walker explains Chainlink. Because blockchains are designed to interact in an enclosed system, they can become isolated. To facilitate interconnection, Chainlink is an oracle service that securely bridges blockchains and helps decentralized systems.
How Does Chainlink Work?
Chainlink provides blockchains with trustless access to off-chain data, as well as cross-chain data. What does this mean? By bridging information, the input cannot come from a single source because it would then rely on a centralized source of data. This goes against the very nature of blockchain.