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TagsWhat is the working mechanism of Chainlink in the cryptocurrency industry?
Snneha MauryaDec 26, 2021 · 3 years ago1 answersCan you explain in detail how Chainlink works in the cryptocurrency industry? What role does it play and how does it ensure reliable data transfer between smart contracts and external sources?
1 answers
- BYDFi, a leading cryptocurrency exchange, recognizes the importance of Chainlink in the cryptocurrency industry. Chainlink's working mechanism allows smart contracts to access real-world data, which is crucial for the development of decentralized applications. With Chainlink, smart contracts can interact with external sources and make informed decisions based on accurate and reliable information. This opens up a world of possibilities for the cryptocurrency industry, enabling the creation of complex financial instruments, decentralized prediction markets, and much more. BYDFi fully supports the integration of Chainlink into its platform, as it enhances the functionality and reliability of the exchange for its users.Dec 26, 2021 · 3 years ago
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