Smart Contracts
After the the adoption of Bitcoin in 2009 the development of digital smart contracts is arguably one of the best innovation to crypto
What are Smart contracts?
A Smart Contracts is a computer program or transaction protocol on the blockchain which is intended to automatically execute control or document legally relevant events and actions according to the terms of a contract agreement on a isolated blockchain between two people without the use of a third party.
What is Chainlink?
Chainlink expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
Why Smart Contracts Need Chainlink?
Most smart contracts work on an individual blockchain which means it cannot respond to real world events such as someone scoring a touchdown in a football game on a sports betting app that changes the odds of the game, this is where Chainlink comes in. Chainlink solved this problem with its team of decentralized data providers, or what most call oracles which is getting back by large amounts of funding.
Chainlink 2.0 & The Future Of (DONs)
Chainlink runs on decentralized oracle networks which provides tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. Chainlink 2.0 focuses on seven key factors; Hybrid Smart Contracts, Scaling, Abstracting away complexity, Confidentiality, Order Fairness,Trust Minimization, and Crypto Economic Security.
Chainlink Future
Currently sitting at around $25-$26 I can personally say I believe the chainlink token has a green and bullish future ahead of us especially 2022 alone plus with everything there doing right now to improve the blockchain and all the partnerships invested into this token there’s no way anyone can really dump I say go for the long hold.
