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ChainLink is a blockchain platform that is building a protocol to facilitate better usage of smart contracts for real world applications. Launched in 2017 by Sergey Nazarov, the platform’s use cases can roughly be described as focusing on digital agreements.
There are two core components to ChainLink’s architecture: on-chain infrastructure, i.e. smart contracts; and off-chain infrastructure, i.e. real world data meant to be used with the smart contracts. The whole platforms comes together with ChainLink’s decentralized oracle network, which uses multiple nodes to deliver data to smart contracts and avoid single points of failure.
ChainLink node operators can offer an API for purchase by smart contracts, and larger companies can sell their data to smart contracts.
ChainLink is already working with several established companies, including Google and the Web3 Foundation. Founder of popular digital signing platform DocuSign, Tom Gonser, is also an advisor to the project.
The project does not have a roadmap. However, its Github repo and Pivotal tracker offers a good glimpse into development progress. Both contain detailed information on what the development team has in mind for the upcoming months. Current development tasks include multi-account wallets, service agreements and general network upgrades.
10 hours ago 2 minute read 0 comments fmiren
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24 Nov 2023 8 minute read 4 comments Sebastian Purcell, PhD
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17 Nov 2023 1 minute read 3 comments LocoSocioCrypto
While Bitcoin and Ethereum hold a very strong lead as the first and second cryptocurrencies by market cap, I thought I would switch it up and instead write about a few other altcoins that I am excited about for this bull run. All prices are listed in...
15 Nov 2023 1 minute read 0 comments Ticktalker
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8 Nov 2023 1 minute read 5 comments Cryptofab
I recently read a very interesting analysis about the crypto market: Cryptocurrency prices soared in October 2023, with Bitcoin leading the way with a 28% gain. Other top performers included SOL (78% gain) and LINK (45% gain). The surge is being fue...
8 Nov 2023 2 minute read 3 comments Cje95
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3 Nov 2023 3 minute read 2 comments Sebastian Purcell, PhD
Bitcoin is back! And with Sam Bankman-Fried behind bars, the bad news cycle for cryptos is also likely to abate. These two points, taken together, imply that altcoins, long lagging behind BTC, are poised to make relative gains. I think there are 3 pl...
25 Oct 2023 1 minute read 1 comment COINTURK NEWS
LINK price continues to rise without stopping. Weekly gains reached 60% and the increase in the last 24 hours was 10%. The question of where the Chainlink price rally will end has already become a topic of curiosity. As of the writing time, LINK is t...
24 Oct 2023 1 minute read 2 comments Aventurine
Is ChainLink still a good coin? It was on of the most hyped coins in the previous bull run, many project have implemented ChainLink as the oracle. Btw, if you don't know what ChainLink is here is 2min perfect explanation by Chainlink themselves! If...
