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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.
12 Oct 2020 1 minute read 2 comments Sapphire Crypto
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7 Aug 2020 2 minute read 0 comments Sapphire Crypto
DIA Up 145% Today There is a new competitor on the data/oracle front. We all Know that ChainLink is firmly positioned as the King in this space and that BAND is the second in line. Recently we saw DOS begin to make a move to potentially challenge BAN...
12 Jun 2023 2 minute read 1 comment Louky
Yo, crypto crew! Listen up 'cause I've got some serious news to drop. I recently discovered the ultimate crypto playground: Uphold. It's the place to be if you're into that crypto life, my friends. Forget those basic exchanges like Binance, Coinbase,...
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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...
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