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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.
18 Feb 2024 1 minute read 3 comments Emad
I have posted about #LINK since it was $14, bought at $14.242 (spot, swap on my wallet, not with leverage and not in any broker account and I recommend only this way!) here is why I bought (which paid me off nicely), and what would I do from now: the...
21 Dec 2024 5 minute read 2 comments Myxoplixx
Let's talk crypto trading. There's no magic formula here, so your number one job is to protect your cash. When you're in the market, you're hunting for the best odds you can find. That's where confluence comes in. Confluence is when several technic...
17 Jan 2024 6 minute read 3 comments Messin' With Cryptos
Hey folks, if you’ve been following all the different crypto-narratives lately, you’ll know that the tokenization of real world assets (#RWA) has been one of the most popular over the last 6 months, and arguably the one that’s brought us out of the l...
28 Nov 2024 1 minute read 6 comments Myxoplixx
The trade dispute between the U.S. and China from 2018-2020 had a surprise benefit, it pushed more companies to start using blockchain technology. Think of blockchain like a super-secure digital notebook that keeps track of things moving around the...
24 Dec 2024 2 minute read 3 comments Myxoplixx
President-Elect Donald Trump's recent Cabinet selections signal a significant paradigm shift towards embracing cryptocurrencies, potentially revolutionizing the government's approach to digital assets. His appointment of Paul Atkins to head the Secu...
5 Nov 2024 2 minute read 2 comments Myxoplixx
In this final installment of our 100X crypto gem search series, I've explored how to identify promising opportunities in today's dynamic and complex market. Throughout our discussions, I've emphasized the paramount importance of technical architectu...
28 Dec 2024 1 minute read 0 comments Myxoplixx
The cryptocurrency market is experiencing a notable correction as the year draws to a close, with major assets facing downward pressure amid important macroeconomic developments and market events. Performance of Major Cryptocurrencies - Bitcoin (BTC...
31 Dec 2024 2 minute read 0 comments Myxoplixx
As we wrap up 2024, the world of crypto has seen some major shifts. From political changes to new rules and tech advances, this year has set the stage for what could be a new chapter in digital money. Let's break down what happened and what it means...
18 Jul 2024 1 minute read 4 comments Cryptofab
Real World Assets (RWA) on the blockchain is the new buzzword, with projects like Mantra (OM) riding the wave. But what's the real deal?In a nutshell, RWA tokens represent real-world assets (think stocks, real estate, commodities) on the blockchain....
21 Jan 2024 1 minute read 3 comments Emad
I have cashed out while ago from all my crypto positions, in to stable coins, and I wasn't very wrong since all of them started a side way range which can bother your mental health :) to be specific I check and trade these: LINK, GMX, ILV, ORDI, KAS,...
