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How to input link contract

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[Music] all right hello and welcome to lesson three the fund me lesson this is one of the most important lessons in the entire course and if youre successful here youll have the majority of the tools you need to be a successful smart contract developer now just because you have all the tools though doesnt necessarily mean that you know how to use them all so be sure to watch the subsequent lessons as well to get even better but in this video were going to learn about sending money and working with ethereum and working with the ethereum tokens in our smart contract application additionally this is going to be the first lesson that will work with a chain link oracle to empower our smart contract to be a hybrid smart contract this way our smart contract actually knows things about the real world empowering it to have even more features well also learn how to import packages from npm import other peoples code into our code base so we dont always have to start from scratch well lea

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What is difference between smart contract and ?

A contract is simply an Ethereum smart contract. Sending s actually means calling a method on a smart contract that someone wrote and deployed. At the end of the day, a contract is not much more a mapping of addresses to balances, plus some methods to add and subtract from those balances.

What is input in smart contract?

Inputs: Smart contract have access to the following inputs: Its current state. The state of the blockchain (e.g. block number and timestamp) The sender of the transaction.

How does Chainlink make money?

Part of LINKs value in the marketplace is really Ethereum (ETH) value, because Chainlink runs on the Ethereum blockchain and relies on Ethereum smart contracts to earn money. First created in 2017, the Chainlink team has so far been able to deliver on its vision of providing accurate external data to blockchains.

What can Chainlink do in the real-world?

Chainlinks ability to connect with any API and perform any off-chain computation opens up a wide variety of use cases, such as Arbol using Chainlink for weather data to create weather risk products and Theta Network leveraging Chainlink for viewership data to fight ad fraud for online content.

What do smart contracts do?

Smart contracts are computer programs that run automatically as the parties to an agreement fulfil its terms. Based on blockchain technology, theyre set to transform the way we do business by removing the need to interpret contractual performance.

How do you read data from a smart contract?

A smart contract can be read by visiting a projects Etherscan (if based on Ethereum) and GitHub page.The sections for decimals, governance, and totalSupply reveal the following information: YFI is a with 18 decimals. YFI has a separate governance contract. YFI has a maximum total supply of 36,666 s.

What is the purpose of Chainlink coin?

Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. If youre unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met.

Why is Chainlink so important?

Chainlink is essential because it docHubly enhances smart contract capabilities by allowing access to data outside the blockchain and off-chain computing while keeping blockchain technologys security and reliability assurances.

Why is Chainlink valuable?

ChainLink has many different use cases, thanks to the way it leverages real-world data. In the world of DeFi, LINK allows for the creation of more secure smart contracts that rely on real-world data like stock/crypto prices and yields. Granary is an example of this. A cross-chain lending platform that uses LINK.

What makes Chainlink unique?

How is Chainlinks oracle solution unique? High-quality data with premium APIs - The Chainlink Network has credential management capabilities, meaning it can fetch and deliver data to smart contracts from premium, password-protected data sources.

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