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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.
22 May 2021 1 minute read 0 comments Defiant Pathfinder
Hi i am back again and today i decided to analyze the top 4 Decentralized Finance token to see what is their current position and their future. I selected the top 4 ranked with market capitalization, so i am going to share my thoughts and you are wel...
12 Jun 2021 1 minute read 0 comments Hsksks
We all want to know the next best altcoin. Some of the contenders are MakerDAO, Aave, Polkadot, Chainlink and Synthetix. MKR MakerDAO envisions to make Stablecoin ecosystem mainstream. The market price stood at $2,868.5 at 5:40 AM UTC. It has a loss...
21 Jun 2021 3 minute read 14 comments AlucardLife
I can't stand when people blindly follow stupid quotes in trading without even knowing where they came from or what they mean. Fuckin everyone misquotes Warren Buffett thinking that you can blindly make money in the market by using "value investing"...
22 May 2021 3 minute read 1 comment Abrogo
After the impressive appreciation of Polygon, investors have turned their eyes to the projects that make life in this ecosystem. That is why we bring you a compilation of a series of interesting projects from this ecosystem so that you are the one to...
24 May 2021 7 minute read 0 comments CryptoCulture
Chainlink x Arbitrum: Discord Q & A Video Unwrapped Photo Provided By: https://twitter.com/ChainlinkoracIe https://twitter.com/ChainlinkoracIe/status/1394641026732732416 Written By: Isaiah "Zaindretti" Payton May 24, 2021 If you've been paying a...
26 May 2021 2 minute read 0 comments alquimista1501
Irreversible is the most appropriate word to describe the pattern that will now be marked in the DNA of the blockchain. Certainly this whole merry-go-round of statements has made it clear that a green commitment to cryptocurrencies is marked. Since E...
24 May 2021 1 minute read 1 comment spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Oasis Network: A privacy layer-1 blockchain with $50k in grants for dapp builders https://dappradar.com/blog/oasis-network-a-privac...
11 Jun 2021 1 minute read 0 comments BertRedd
Chainlink is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. First of all : what is a Smart Contract? A smart contract is a self-executing contract with t...
9 Jun 2021 2 minute read 0 comments alquimista1501
Returning to some words of Friedrich Hayek, I find an incredible compilation of a vision made reality, a certain sense of prediction when explaining that it was forbidden to experiment with money, in a way it has not improved and its situation has on...
27 May 2021 1 minute read 0 comments Defiant Pathfinder
Recently we witnessed when the market crashed and we saw the whole of the crypto market fall and investors pulled of their investment as they were taking their profits and the total market capitalization decreased and currently its at $1,762,245,576,...
