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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.
13 Feb 2022 1 minute read 0 comments InsideCrypto
On today's episode we dive into the price action of the week and then go through any major news items with regards to the constituents. February is bringing lots of curves in the road for many protocols. Chainlink is doing well in terms of developmen...
31 May 2021 1 minute read 0 comments moon333
For more harmonic trading ideas you can join: https://www.patreon.com/moon333 Link for Binance exchange, the best place to buy or sell Crypto: https://www.binance.com/?ref=11256882
9 Apr 2021 1 minute read 0 comments Sumukh
QuiCrypto QuiCrypto is a mobile apk from which you can earn Nano by completing simple surveys and tasks. Link to download the Apk : https://quicrypto.page.link/ndN9 Firstly we have to download and install the apk, Click on above link to install. Ac...
29 Jan 2021 1 minute read 0 comments NULS
The best way to get involved with NULS is to join in! For more information about NULS, visit nuls.io and join the conversation on Telegram or Reddit. Make sure to follow NULS on Twitter for the latest news and updates. You can also follow us on othe...
11 Dec 2020 1 minute read 2 comments Savastano
What is Band Protocol in a one sentence? Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.From today or yesterday Band Protocol is also in the Coinbase Earn. Easy money :)Wan...
17 Nov 2020 1 minute read 1 comment Jay Fried
My 1st CryptoCompare video. In this video we will be doing a crypto comparison as we look at 2 Blockchain Oracles, Chainlink (LINK) and Band Protocol (BAND). We will look at what the differences are between Link and Band. And how these oracles can i...
31 Oct 2020 1 minute read 0 comments CryptoPick
📢 GAME UPDATE📢 5 new default coins were added to the UP/DOWN games! • Hourly (1H) ► ETH/USD • Daily (1D) ► BNB/USD & LINK/USD • Weekly (1W) ► ETH/USD & BNB/USD Pick what you think they will do right now! #upcoming/daily" https://cryptopick.net/ga...
14 Aug 2020 1 minute read 0 comments trumpman
Put a couple thousand dollars into whatever shitcoin the collective 4chan hivemind shills in the next bear market Wait a couple years Retire I salute all the link boys. Their money tree has finally bloomed. And who knows... Maybe it's only t...
7 Aug 2020 1 minute read 1 comment Ankr Network
Join the Chainlink community and Ankr devs in this online event. RSVP: https://events.chain.link/events/details/smartcontract-connected-smart-contracts-romania-presents-deploying-and-operating-a-chainlink-node-on-the-ankr-cloud-platform/#/ Tue, Aug...
17 Apr 2020 1 minute read 0 comments Trading Passion
The LINK token is an ERC-677 token (based on the ERC-20) and is used to pay for network operating costs: The nodes which will seek off-chain information. Transformation of the data format to make it understandable by the blockchain. The calculations...
