ChainLink (LINK) is software based on the block, decentralized cryptocurrency of the open-source platform of the same name. Technology A program for providing access to the connection of intellectual contracts to external resources. Network ChainLink has the ability to connect to the blockade Ethereum and Bitcoin. This is the bridge between intellectual contracts of cryptocurrency and resources outside the network, allowing Smart Contracts to exchange data with external resources. Using the ChainLink platform, all smart contracts of Ethereum cryptocurrency using API technologies can connect to existing payment systems and delete transactions.
LINK is the ChainLink platform token based on the Ethereum block. It is used to pay for ChainLink Node operators for extracting data from data streams outside the network, formatting data in readable formats as a block, calculation outside the network.