What is the difference between Chainlink and Bitcoin?
Chainlink and Bitcoin are two very different cryptocurrencies. Let’s explore these differences and their similarities in more detail.
Chainlink and Bitcoin are two very different cryptocurrencies. Let’s explore these differences and their similarities in more detail.
Chainlink provides smart contracts with a secure and reliable way of receiving data from outside the blockchain.
Chainlink is a decentralised network for cryptocurrency data providers that need data for their smart contracts. Ethereum is a blockchain platform that facilitates smart contracts which developers use to build dapps and services.
Chainlink provides a bridge between real-world data and smart contracts on Ethereum and other similar cryptocurrency networks.
In 2017, university academics came up with the idea of Chainlink as a way to connect smart contracts on the blockchain with data from the outside world.