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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.
20 Feb 2023 6 minute read 4 comments NOWPayments
Accept payments in Chainlink crypto The introduction of smart contracts led to the need for decentralized applications to receive relevant information from external sources. The so-called oracles became the most effective solution to the problem...
24 Oct 2023 1 minute read 1 comment Thunderboltkid
A tale of two Market Cap Trajectories going in the opposite direction? Yup. Chainlink has grown 25% during the latest Crypto Winter, while Cosmos Network #ATOM has lost 50% of its Dec 2022 Market Cap. Just in the last 24 hours Chainlink is now...
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...
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...
17 Feb 2024 1 minute read 17 comments Kovichni
Yes you heard it here first. Well, unless you happened to have already read this today, then you heard it here second but gawddamit, time to get me some Sslana before the rest of the market catches on. We are so early to this one you can not even fin...
12 Mar 2024 1 minute read 0 comments BreakdownFab
International Women's Day got me fired up this year, especially after hearing Sophia Flörsch's story – a total badass racing driver in Formula 1 (click here for details). It got me thinking: is a similar revolution happening in the world of crypto? W...
18 Jun 2023 1 minute read 1 comment Louky
Yo, peeps! Let's dive into the wild world of multisig wallets on the Ethereum blockchain. We gotta talk about some cool protocols like MakerDAO Oasis, Uniswap, Compound, and Aave, and how they handle their funds. Brace yourselves! So, MakerDAO Oasis,...
9 Apr 2023 2 minute read 17 comments Thunderboltkid
Congrats to the FED. They have 'kicked the can down the street' with high interest rates to stave off total collapse of the Stock and Bond Markets, sort of.. Crushing everyone's buying power in the process, due to high inflation rates for Food driven...
4 Nov 2023 6 minute read 2 comments Sebastian Purcell, PhD
The cryptocurrency market forces the following imperative on you which you ignore at your financial peril: You must aim either for a long-term hold on something relatively established that will have lower likely gains or a short-term trade with a ne...
