Blockchain Oracles can be explained most simply as software that translates off-chain data into on-chain data, but what does that mean, and how does it work? In this video, we feature Chainlink, the leader in the oracle space, as our example to give you a better idea of this cutting-edge technology.
If you’d like to read more about Chainlink, you can check out our academy article here:
https://phemex.com/academy/what-is-chainlink-link
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Timestamps:
00:00:00 Why learn about Chainlink?
00:00:55 Smart Contracts and Oracles
00:02:20 Chainlink and their Oracles
00:04:28 LINK token
00:05:10 Future of Oracles
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