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Chainlink (Avalanche Bridge) News
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About Chainlink (Avalanche Bridge)
What is Chainlink (Avalanche Bridge) (LINK.e)?
LINK.e is used within the Avalanche ecosystem to facilitate the operation of decentralized oracle networks on the Avalanche blockchain, supporting various decentralized finance (DeFi) applications and smart contracts that require external data feeds. The token is instrumental in ensuring the security and reliability of data feeds, essential for the proper function of smart contracts on Avalanche.
The transition of LINK to the Avalanche network, resulting in LINK.e, was facilitated by the Avalanche Bridge, developed by Ava Labs. This bridge employs advanced security measures to ensure safe and efficient asset transfers across blockchains, managed by a consortium of trusted partners known as Wardens, who ensure the bridge’s operational integrity.
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