How are Chainlink tokens created?

Chainlink’s on-chain component is made of oracle contracts on Ethereum’s blockchain . They monitor and process users’ data requests. Whenever there is a request for some off-chain data, they transfer the request (contract) to the Chainlink network, where it’s processed into a native blockchain contract.

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What is an Oracle Chainlink?

Summary. Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain . Smart contracts are pre-specified agreements on the blockchain that evaluate information and automatically execute when certain conditions are met.

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