Assets, Ethereum

Does Chainlink Run on Ethereum?

Yes, Chainlink does run on Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Chainlink is a decentralized oracle network that provides reliable, tamper-proof data sources for smart contracts on Ethereum and other blockchains. Chainlink was built to work with any blockchain, so it’s easily adaptable as new technologies emerge.

NOTE: Warning: Chainlink does not automatically run on Ethereum. Chainlink is a decentralized oracle network that is built on top of Ethereum and other blockchain networks. Therefore, in order to use Chainlink, users must first deploy a “Chainlink Node” onto the Ethereum blockchain, which will then allow them to connect their smart contracts to external data sources.

With Chainlink, developers can create contracts that trigger payments or other actions when specific conditions are met. For example, a contract could automatically send money to a farmer when the weather forecast predicts rain.

Or it could trigger a financial transaction when an event occurs in the real world, like an earthquake or a stock market crash.

Chainlink allows developers to access real-world data and events through secure smart contracts. This gives them the ability to create contracts that are truly useful and trustworthy.

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