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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.
25 Jan 2024 4 minute read 3 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...
29 Nov 2023 4 minute read 2 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...
15 Jun 2023 2 minute read 0 comments fmiren
Introduction The rate at which data is increasing nowadays is fascinating. IDC, the global market intelligence firm, estimates that data will increase from 33 to 175 zettabytes in 2025. That is 175 followed by 21 zeroes! Despite the sheer size of dat...
8 Apr 2023 2 minute read 0 comments Cyfab
As an avid investor in the world of crypto, I've been fortunate enough to make some significant gains since early 2020. It's been a wild ride, with plenty of ups and downs along the way, but I've managed to come out on top with some of my best crypto...
11 Feb 2023 2 minute read 1 comment Acadies
Idk about you but im stoked for another Kc super bowl run. 3 apperances in the last 4 years.🥰 With a win it could be my most "and few" profitable maneuvers in quite a while lol. Put $150 down on the chiefs to win it all back when my neighboring...
12 Mar 2024 1 minute read 0 comments Cyfab
International Women's Day got me fired up this year, especially after hearing Sophia Flörsch's story – a total badass racing driver in Formula 1 (click here for details). It got me thinking: is a similar revolution happening in the world of crypto? W...
4 May 2021 1 minute read 1 comment Defiant Pathfinder
When you are looking forward to do a perfect investment which will pay your bills late you have to make sure you take your time doing a dip research to see if you are on the right track. You wouldn't want to buy and hold worthless coins which will no...
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...
18 Jun 2023 1 minute read 1 comment Louky
Yo, peeps! Let's dive into the wild world of multisig wallets on the Ethereum blockchain. We gotta talk about some cool protocols like MakerDAO Oasis, Uniswap, Compound, and Aave, and how they handle their funds. Brace yourselves! So, MakerDAO Oasis,...
26 Jun 2023 5 minute read 2 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...
