Part 2/9:
Chainlink acts as a conduit for data from the outside world to various blockchains, ensuring that smart contracts can access needed information such as asset prices and other essential metrics. This capability has made it invaluable, particularly in the DeFi space, where protocols require accurate pricing of cryptocurrencies like Bitcoin and Ethereum. But the use of Chainlink goes beyond DeFi; it’s also applicable in tokenizing real-world assets like bonds, which require accurate external data to maintain their value.