What is Chainlink (LINK)? | Chainlink Explained In Under 60 Seconds

The Chainlink Decentralized Oracle Network allows smart contracts on Ethereum to securely connect to external data sources, API’s, and payment systems. The network is powered by the ERC-20 token Chainlink (LINK).

▶ Search the Largest Crypto Token Video Database http://cryptodefirevolution.com/

----
Chainlink expands the capability of smart contracts by enabling access to real-world data, events and payments more securely. Price Feeds are the quickest way to connect your smart contracts to the real-world market prices of assets. They enable smart contracts to retrieve the latest price of an asset in a single call.

Chainlink connects smart contracts on any blockchain to data providers, web APIs, enterprise systems, cloud services, IoT devices, payment systems, other blockchains, and much more.

Build DeFi products across a multitude of use cases:
- Derivatives - Reference contracts to mint synthetic assets, settle futures contracts, or price options.
- Lending & Borrowing - Issue and settle loans, liquidate collateral, and calculate interest payments.
- Stablecoins - Create stablecoins pegged to fiat currency, currency baskets, or commodities.
- Asset Management - Enhance a DEX, adjust capital pools, or facilitate multiple forms of payment.

Chainlink provides enterprises with various ways to leverage the benefits of blockchain technology without restructuring their current systems.