What is Chain Link in Cryptocurrencies ?

Chainlink is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. The Chainlink aggregating contract collates all data from chosen oracles and validates and/or reconciles it, for accurate representation.

Crop insurance on Blockchain is a proven use case of using Chain Link for decentralized oracle nodes that source weather data from multiple sources to self-execute claims through smart contracts.



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