Chainlink Claims Breakthrough in Privacy Barriers for Wall Street Crypto Adoption

The blockchain oracle network says it has solved a key privacy challenge hindering traditional financial institutions from entering the crypto sector.

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Terms & Concepts
  • Blockchain oracle: A service that provides real-world data to smart contracts (self-executing blockchain code), enabling them to interact with external systems.
  • Privacy problem in crypto: Issues related to keeping transaction data confidential while still maintaining blockchain transparency.
  • Chainlink: A decentralized blockchain network that securely connects smart contracts to external data sources.