​​Chainlink (LINK) Chainlink is a decentralized network of or | Crypto Great | Bitcoin | DeFi

​​Chainlink (LINK)

Chainlink is a decentralized network of oracles that enables smart contracts to securely interact with real-world data and services outside of blockchain networks.

The latest Chainlink product launched on Ethereum’s network, Chainlink VRF (Verifiable Random Function) provides a highly secure and fair source of on-chain randomness for blockchain applications.

Chainlink VRF generates a random number and verifies it onchain before it can be used by any application without compromising on security or usability. This is done to ensure that results cannot be manipulated by anyone.

VFR is vital for the development of the Metaverse, gaming, and NFT spaces. Less than a week from Chainlink VRF going live, projects have already begun implementing it as a tamper-proof random number generator.

In late October, Pixel Vault, a media group focused on the development of unique intellectual property for crypto-native assets, became one of the first to integrate Chainlink VRF to fairly distribute NFT rewards in a tamper-proof and fully transparent way.

The following day, Flippening Otters rushed to integrate with Chainlink VRF to ensure that NFTs are minted randomly and fairly. Flippening Otters is a collection of NFTs that details the history of Ethereum.

Flipening Otters will also be integrating with Chainlink Keepers to automate key functions and to provide price data. Additionally, DeFi asset management platform xWIN Finance integrated Chainlink VRF on Binance Chain for its weekly lucky draws.

Chainlink is evolving into more than just a price oracle. It's an open-source technology collectively developed by a large community of developers, researchers, and users who share the goal of optimizing Chainlink for the benefit of the entire blockchain ecosystem.