Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API.
It aims to ensure that the external information (pricing, weather data, event outcomes, etc.) and off-chain computations (randomness, transaction automation, fair ordering, etc.) fed to on-chain smart contracts are reliable and tamper-proof.
Chainlink is an open-source protocol developed by Chainlink Labs (formerly Smart Contract Ltd.), founded in 2014 by Sergey Nazarov and Steve Ellis.
The Chainlink Network went live on the Ethereum main net on June 1st, 2019 and has since expanded to support additional blockchains and layer 2 networks such as Polygon, BSC, Avalanche, Arbitrum, and more.