Company
Date Published
Author
Chainlink
Word count
4340
Language
한국어
Hacker News points
None

Summary

The interaction between decentralized finance (DeFi) applications and blockchain oracles is crucial for mutual growth, as DeFi's rapidly increasing value necessitates enhanced security and reliability. Chainlink's decentralized oracle network addresses the "oracle problem" by ensuring data delivery and manipulation prevention rather than data generation. This involves connecting oracle nodes to premium data providers for high-quality data access, employing decentralized systems to bolster security, and providing transparency through on-chain insights into oracle performance. Chainlink's approach, leveraging verified data aggregators, avoids risks associated with single-source data dependency and low-quality oracle solutions, thereby safeguarding DeFi applications against vulnerabilities and maintaining the integrity of smart contracts.