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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.
15 Mar 2025 3 minute read 0 comments Myxoplixx
Greetings crypto-fam, let's dive in. First up, let’s talk about Polygon (POL), the scaling solution darling of Ethereum. Social sentiment around Polygon has been buzzing with positivity lately, especially on Twitter and Reddit. The hype is driven by...
31 May 2024 1 minute read 0 comments Myxoplixx
I agree with the world's largest asset manager and CEO of Blackrock, tokenization will be the next generation for financial markets. The world of finance is on the brink of a transformative shift. Tokenization, the process of converting traditional...
8 Apr 2025 1 minute read 1 comment Acadies
Call me crazy but im buying. Not only did i buy but i bought with money i didnt have. I dont have any concrete evidence the bull market isn't over but in my short 4-5 years being in crypto; Idk if i've ever been more bullish. Nothing has changed....
14 Apr 2024 2 minute read 4 comments Raghav Sawhney
The cryptocurrency market continues to evolve with Ethereum Classic experiencing notable price changes and Chainlink facing a forecasted 25% decrease due to corrective signals from technical indicators. Amidst these fluctuations, BlockDAG (BDAG) shin...
3 May 2024 4 minute read 0 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...
13 Apr 2024 1 minute read 1 comment Raghav Sawhney
The digital currency ecosystem is abuzz as BlockDAG's presale phases, particularly Batch 6, sell out quickly, capturing the attention of investors from the XRP community. In parallel, Chainlink (LINK) is experiencing pivotal moments as it strives to...
25 Jan 2024 4 minute read 3 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
29 May 2024 1 minute read 1 comment KMatt
The LINK token recorded the best performance among the main cryptocurrencies in the last 24 hours, with a rise of 6%, clearly breaking away from the general correction that hit the Asian market this morning.Behind this leap is a new meeting announced...
9 Jan 2025 7 minute read 1 comment Coin_Rabbit
The world of CeFi and DeFi has introduced groundbreaking changes to the traditional financial system. Within this landscape, Chainlink stands as one of the most influential players, offering solutions that bridge the gap between blockchains and real-...
12 Jan 2021 5 minute read 9 comments GetBlock
The outgoing difficult year will be remembered for the rise of the digital assets industry, the upgrade of the Ethereum blockchain project to version 2.0, and the "bull run" of decentralized finance (DeFi). By the end of the year, the Total Locked Va...
