What is Chainlink (link) and How Does it Work?

Chainlink (LINK) is a cryptocurrency and decentralized oracle network that allows smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. The Chainlink network consists of multiple Chainlink Node operators responsible for providing data to smart contracts. Smart contracts on the Ethereum blockchain are designed to execute automatically when certain conditions are met. However, they are limited to the data available on the blockchain. This means they cannot access data from external sources, such as stock…