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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 Sep 2023 3 minute read 10 comments Rubikkav
AAVE, LINK, Chiliz (CHZ) and other cryptocurrencies are showing signs of recovery amid financial uncertainty. Doubled In A Month Recent news reported that computing power of the Kaspa (Kas) or hashrate is over the last 30 days indicates that on Aug...
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...
18 May 2024 1 minute read 0 comments Coin_Gabbar
LINK's chart shows formation of Three White Soldiers pattern The #ChainLink price surged due to the Smart NAV industry project launched by DTCC, Chainlink, and others. After hitting new yearly highs above $22, the token encountered strong resista...
9 Dec 2023 2 minute read 13 comments Cje95
A month ago I wrote about my favorite "mainstream" alt that had been performing remarkably well and in the month since then it has only continued to gain. Chainlink, also known as LINK, has long been the leader in the data oracle space and last bull...
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...
12 Aug 2023 2 minute read 3 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
Chainlink's CCIP (Cross-Chain Interoperability Protocol) is officially live on the mainnet. Today, Web3 consists of hundreds of independent Layer1 chains, Layer2 rollups, sidechains and more that launch every week. To create a truly interoperable Web...
18 Mar 2024 2 minute read 4 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...
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...
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,...
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...
