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April 17, 2021 at 5:00 am UTC · 2 min read
Decentralized oracle platform Chainlink unveiled its whitepaper 2 yesterday, making improvements and update to seven aspects of its network.
Oracles are third-party tools that fetch data from outside to blockchain to within, as blockchains, by design, are immutable stores of data but cannot automatically verify the authenticity of that data. Chainlink helps solve that issue by fetching highly verifiable data from a variety of sources to ensure the smooth functioning of a blockchain network and application.
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