1,061 Articles 81,680 Followers
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.
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...
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 Nov 2023 4 minute read 2 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...
15 Mar 2021 8 minute read 66 comments MuyAsk
Hey guys :) I’m back with another comprehensive Q&A piece, this time for a new and innovative Defi lending platform with incentivized borrowing – Yield (YLD). Yield is a non-custodial P2P lending dapp that not only incentivizes lending (as per usual...
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...
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...
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...
6 Dec 2023 1 minute read 3 comments Cyfab
I'm a crypto enthusiast who's been exploring various exchanges and strategies to maximize my gains. My recent adventures with Drift Protocol and perpetual swaps have been nothing short of spectacular. Drift Protocol, a decentralized exchange, introdu...
8 Nov 2023 1 minute read 5 comments Cyfab
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...
10 Jan 2024 2 minute read 2 comments Guarda Wallet
What Is Chainlink? Chainlink remains a key player in the decentralized oracle network space. It serves as a critical bridge between smart contracts on the blockchain and real-world data, ensuring that the contracts operate based on accu...
