Link token in the Model Contract

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How to Link token in the Model Contract

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before we dig into this video lets go over a quick recap of what a smart contract is smart contracts are simply agreements written in code that are usually ran on a blockchain now you might be wondering why a blockchain well what happens on a blockchain cannot be changed so when you and someone else come up with a financial agreement to change that agreement you would have to change millions of computers all around the world its no longer just your word versus someone elses word or an agreement written on paper its an agreement shared with millions of other people who have a copy of it moving on smart contracts can be as simple as if i pay you ten dollars today youll pay me back one dollar every day for the next 10 days they can then get more complicated like if i give you ten dollars of ethereum youll give me ten dollars of doggy coins where basically the code can actually check if both people truly have ten dollars of each that they want to trade and then automate the trading

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is link an erc-20 ?

LINK is built on Ethereum in ance with the ERC-20 standard for s. It can be bought and sold for fiat currency or other digital currencies.

How do I create a contract ?

Open Metamask and click on the Add button, select the Custom option and paste the contracts address in the first field. Metamask will fetch the Symbol and decimals automatically. Click on next and your will be added to the wallet, it will be available under the assets section in Metamask.

What is contract name?

The name of the contract is the long name by which the contract should be known, for example My . There are no restrictions on the length of this name but long names are likely to be truncated in some wallet applications so its best to keep the name short.

What does contract address mean?

If youve tried adding a new to your wallet, one thing you will have noticed is the field asking for a Contract Address. This refers to the address location of the actual contract that manages the logic for the s. It does not refer to the address that holds your own personal s!

What is the meaning of in a contract?

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 Chainlink in solidity?

Chainlink data feeds are sources of data aggregated from many independent Chainlink node operators. Each data feed has an on-chain address and functions that enable contracts to read from that address. For example, the ETH / USD feed.

What is the contract address for Chainlink?

ChainLink (BEP-20)s smart contract address is 0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd.

How do you read a contract ?

The best way to view a s smart contract is through Etherscan, a block explorer and analytics platform built on Ethereum. Block explorers like Etherscan allow users to search and index real-time and historical information about a blockchain.

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Link token in the Model Contract effortlessly