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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.
9 Apr 2023 2 minute read 13 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...
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...
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...
31 Jul 2023 5 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 $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
13 Oct 2022 2 minute read 3 comments Michael @ CryptoEQ
If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...
21 Jan 2023 8 minute read 4 comments Zacharias
21 January 2023: One of the core philosophies of the web3 space is the basis of decentralized ownership over vital infrastructure. The goal of this is to limit the power of centralized entities and work to ensure the internet remains a medium that is...
12 Aug 2023 2 minute read 5 comments Arhat
I wanted to touch base on Chainlink's CCIP and the components that make up the Cross-Chain Interoperability Protocol. There are 3 key components: Committing DON for proving message existence Executing DON for transferring messages ARM for security a...
15 Mar 2021 8 minute read 39 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...
11 Aug 2023 5 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 $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
11 Feb 2023 4 minute read 2 comments Thunderboltkid
Lots of “Money Timelines” in play, as the actors in each timeline try to pitch, manipulate, coerce in some regime cases attempt to ultimately dictate which #timeline we the #sheeple should be on in order to capture their future share of money flows h...
