What data does Chainlink have (Chainlink SEC)?
What data does Chainlink have? The off-chain transaction data (ChainLinkPriceFe
What data does Chainlink have? The off-chain transaction data (ChainLinkPriceFeeds) is supported by Chainlink’s decentralized information network. It utilizes the transparency of blockchain smart contracts to ensure reliable and tamper-proof off-chain data sources, protecting and verifying on-chain behavior and preventing attackers from obtaining malicious funds. It uses queryers to identify whether smart contracts sent to a specific address are involved in malicious activities and their level of activity in the project, among other functionalities.
These functionalities can be analyzed as off-chain transaction volume, liquidity pool size, gas consumption, and other data metrics to evaluate if a specific event on a blockchain aligns with expectations or exhibits predictability and rationality.
Chainlink SEC
Chainlink SEC is a blockchain smart contract platform that provides developers with a secure, reliable, and decentralized data source network. It will be used to generate oracle services on-chain, enabling them to use their own datasets to build verifiable events and achieve accurate results.
Currently, there are over 200 applications running Chainlink nodes, including Chainlink Wallet (CEOSwap), MetaMask wallets, among others. These applications are programmed by members of the Chainlink community and utilize them to create Ethereum-compatible applications such as the NFT marketplace OpenSea and the decentralized exchange UniSwap. This means these applications can access their Ethereum addresses and transaction data.
To further streamline this functionality, we have also introduced a new integrated product called “chainlink.exchange,” allowing users to achieve lower costs and higher efficiency by directly sending assets from their Ethereum addresses to smart contracts. The project aims to add more types of functionality in the near future. (cointelegraph)
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