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Chainlink (LINK) aims to ensure that smart contracts are receiving accurate data from external, off-blockchain sources. It does this through a decentralized network of oracles, each of which is assigned a reputation and bids for participation in a contract. Their reporting is then aggregated and thus vetted for accuracy. Its digital token, LINK, is used to pay Chainlink node operators for their services and allows said operators to stake in the network.
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