Homework Task4 : Explain in full a project built on the Ethereum Blockchain
Hello steemians, I am here to discuss on the topic a project built on the Ethereum Blockchain have you people heard about Chainlink, is one of the project. CHAINLINK is a decentralized Oracle net work that provide real-world data to smart contracts on the block chain. Smart contracts are pre-specified agreements on the block chain that evaluate information and automatically execute, when certain condition are met. LINK token are the digital asses token used to pay for services on the network.
CHAINLINK it connect smart contracts with real time data from the outside world such as weather information or stock prices. A smart contracts uses that data to execute pre-defined instructions, for example, payout an insurance claim in the event of hurricane. Chainlink is fuelled by an ERC-20 crypto token link and run on top of the Ethereum network
Special thanks to @gbenga for organizing this great Contest.
Hello @jasminemary, it is good to have you here and I hope to see you in subsequent classes. Your choice of topic is very good but then the post is very short. Post below 300 words is not going to be considered after publication.