Chainlink Bounties Video

hi I'm Richard one of the developer Advocates here at chain link labs and today I'd like to talk to you a little bit about what chain link is and the bounties that we have going on so first of all what is chain link chain link solves What's called the Oracle problem we have a distributed Oracle Network that's a distributed network of Oracle nodes that basically mirrors any of the blockchains distributed validator Networks using that distributed Oracle Network we can provide off-chain data on chain blockchains traditionally have a problem with what's called non-deterministic values anything where there's a value that depends on other things such as time or location those can be problematic for blockchains because all those validators they need to reach the same value chain link solves that problem by having a distributed Oracle Network so not only do you have an oracle which brings that off-chain data on chain but we do it in a distributed fashion so you maintain the distributed reliability of a blockchain now what all do we provide first of all we provide automation that lets you automate your smart contracts you can do this with either time-based automations running a specific time or Cadence or activity-based automations that based on the features of a smart contract will run when a specific event happens secondly we provide data feeds that's bringing the off-chain data on chain think about pricing information next we provide vrf or verifiable randomness functions these allow you to have verified random numbers brought on chain so that your users can know that the numbers are truly random and finally there's something new chain link functions you'll have the opportunity to be one of the first people to use chain link functions what are chain link functions chain link functions give your smart contracts access to Cloud compute infrastructure that's right any code that you want to run you can run in chain link functions whether it's a complex computation or an API call you can run that code through chain link functions now we're talking about bounties what do we have we have two different tracks for the Bounty program this year the first it's going to be related to chain link functions it's new we want to see what you build with it so if you have a project that uses chain link functions can be part of that tract the second track is based on all of our other services so if you use any of our other services you'll be eligible for that now you may be wondering can I be eligible for both tracks the answer is yes you can you can be eligible for both tracks you just can't win both tracks so if you win one of our Bounties in one of the tracks you won't be eligible for the other track now when it comes to those bounties what are we offering we have five prizes for each track of two thousand dollars each that's a total of 10 prizes across the two different tracks I'm looking forward to seeing what you built