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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.
8 Nov 2024 2 minute read 3 comments Myxoplixx
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8 Nov 2023 2 minute read 3 comments Cje95
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20 Jul 2020 3 minute read 8 comments B18
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20 Nov 2024 1 minute read 4 comments Galaxie Crypto
Just two days ago, I explained in one of my articles the major success of Chainlink with its collaboration with the interbank network SWIFT to implement tokenization. The recent announcement by Chainlink is making a big splash as it is a world firs...
18 Nov 2024 1 minute read 0 comments Galaxie Crypto
Chainlink has just announced a major development of the Chainlink Runtime Environment. It is a framework to connect banks and cryptocurrencies. Since 1959, the banking world has only experienced a major system revolution in the 1990s with the JRE (...
9 Jul 2021 6 minute read 3 comments KryptoKulture
Chainlinking the Dots: Smart Legal Contracts via Hyperledger & The Accord Project with Docusign Written By: Isaiah Payton 7/8/21 It seems the terms “Chainlink”, “Smart Legal Contracts”, and now "Attested Oracles" should be looked at synonymou...
20 Dec 2020 3 minute read 11 comments MikeZillo
Hello Publish0x community and welcome back in my Sunday article dedicated to the “Easy and Short. Cryptocurriencies made accessible” section.Have you missed the introductive article of Chainlink? Don’t worry you can recover it here.We know that Chain...
17 Dec 2020 1 minute read 7 comments Sapphire Crypto
Litecoin Continues To Advance Unnoticed Perhaps like most people in the Crypto space, your focus has solely been on Bitcoin in recent days. The top Crypto asset has recently shattered all time high levels to form a new all time high at approximately...
