This article is compiled and released by WeChaT: kaifa873, which is only for reference of project development requirements! telegram @ sleu88
To fully realize its potential, smart contracts must be able to interact with data and systems outside the blockchain network. The oracle can connect the blockchain to the data and systems in the real world, and provide the key infrastructure to create an interoperable and unified Web3 ecosystem.
The Chainlink oracle network can not only transmit financial market data for DeFi applications, but also perform a series of secure off chain calculations, such as verifiable random numbers and decentralized execution, to ultimately achieve dynamic NFT and dApp with a high level of automation. In addition, with the continuous development of the Cross Chain Interoperability Protocol (CCIP), the oracle network will connect various rapidly developing blockchain ecosystems and L2 expansion schemes to enable them to interact securely.
The oracle machine has expanded the Web3 technology stack and transmitted data and services under the chain to promote the innovation of smart contracts; Realize cross chain interoperability to ensure seamless connection of all blockchains. Chainlink's oracle infrastructure also provides an entry for Web 2.0 back-end systems to enter the Web3 world, and provides an abstraction layer for traditional systems to easily access any public or private chain. Finally, the oracle will bring decentralized computing and encryption guarantees to the traditional system, and build a bridge between Web 2.0 and Web3.
