What is Chainlink (LINK)? A Quick History LessonIf you’ve spent any time in crypto, you’ve probably seen Chainlink (LINK) mentioned next to big DeFi protocols, price feeds, or something called “oracles.” But what is Chainlink, really—and how did it become such a critical part of Web3?
In simple terms, Chainlink is a decentralized oracle network. It connects blockchains to real-world data and off-chain computation so smart contracts can do useful things in finance, gaming, insurance, and more. Its native token, LINK, incentivizes node operators to provide reliable data and is used for paying for Chainlink services and securing the network via staking. Let’s walk through how Chainlink started, the major milestones in its history, and why it’s now considered the industry-standard oracle platform.
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