Understanding How Chainlink Works [Explained]

🎯 Want to Understand Crypto Without the Confusion?Grab the Crypto Fundamentals: Navigating Through the Basics – Your Essential Guide to Understanding Crypto.Get the simple, no-fluff explanations you wish you found sooner.👉 https://cryptotravelsmichael.com/crypto-fundamentalsWelcome to this new episode! Today's episode is all about Chainlink. But before we get into that, let’s not skip over the fact that New To Crypto is now being downloaded in over 700 cities, 83 countries in just over two months since I started the podcast, the crypto industry is growing and so is the show. Learn about Chainlink, how it works, what problems it solves, projects, architecture and more.This is an episode you can’t miss![00:01 - 03:58] Opening SegmentLet’s unpack what exactly Chainlink is.In order to understand Chainlink, learn about Smart ContractsCheck my episode on Smart Contracts Chainlink as a bridge or oracle between Blockchain, Smart Contracts and external data sources. Chainlink: Co founded by Sergey Nazarov and Steve Ellis.How the Chainlink team raised millions of dollars through an ICO (Initial Coin Offering)[03:59 - 05:34] Chainlink’s EcosystemVisit our website to see all of Chainlink’s participation in its ecosystem.I describe some Chainlink projects, collaborations, integrations and partnerships.NFTGamingDeFi projects: 0 Exchange - Check my episode on 0 Exchange Crushing It Among DEX Visit our website if you’d like to deploy your own Chainlink Smart Contract.[05:35 - 31:22] Chainlink’s Architecture and MarketI break down Chainlink’s architectureAggregated ContractOrder Matching ContractReputation ContractChainlink and Node OperatorsHow Chainlink is secureI describe Chainlink’s market value---------------------------------------------------------------------------------------------------------------- The New to Crypto Podcast is designed to guide you through the crypto landscape with pinpoint accuracy. New episodes are added daily. Be sure to subscribe to the podcast and listen to all of the episodes to help you in your cryptocurrency journey.LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.Disclaimer: New To Crypto is a podcast for entertainment purposes only. All opinions expressed by the hosts and guests should not be considered as financial advice. Views expressed by guests and the host do not reflect the views of the show. Listeners should perform their own research.