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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.
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...
4 Nov 2022 1 minute read 2 comments Joao16
For more content like this tip me if you can! thank u :) Bitcoin Analysis BTC is still testing EMA56, if this support works out the bitcoin could try to break EMA99 and then go to EMA200 if it breaks. But on the other hand if BTC breaks EMA56 th...
13 Mar 2022 1 minute read 2 comments Joao16
For more content like this tip me if you can! thank u :) DOT Analysis DOT is holding very nicely on the 16$ support but is at the same time getting a good resistence, because of that and because BTC is also goind sideways i would say this month i...
14 Apr 2020 7 minute read 43 comments CryptoChartWizard91
Hello traders, Today I would like to try something a little different by providing some potential trading ideas that I have my eyes on. Remember these are just trading ideas and are not to be used as blind signals. You should always be conducting you...
27 Aug 2024 1 minute read 1 comment Biz Wisdom
I bought 50 Bitcoin in 2011. Could have bought more but was scared. Lost most of them with Mt. Gox getting hacked. Expect to get about 18% back after the bankruptcy proceeding civil rehabilitation pays everyone back. . I bought 3,000 GME at $4, s...
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...
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...
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...
27 Oct 2020 5 minute read 21 comments johnwege
If you are anything like me, that means that you love speculating about where the prices of cryptocurrency could possibly go during the next bull run. I will be honest with you that this is something I think about on a daily basis. It helps to guid...
12 Oct 2020 3 minute read 11 comments johnwege
I am often asked on my articles about how I go about buying cryptocurrency, or even what is the best way to build a portfolio. Now usually people will give you the usual rundown of answers for investing in cryptocurrencies. Some of these go as foll...
