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ChainLink (LINK)

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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.


Chainlink Is an Investment, Not a Currency Replacement

15 Apr 2021 2 minute read 7 comments Austin Reihl

The demand for a widely adoptable decentralized digital currency has catapulted Bitcoin (BTC) to prices that many had once thought impossible, with the first successful cryptocurrency finally getting widespread public attention since its launch back...

More Meet Kevin Garbage & Why Chainlink 2.0 Will Kill Crypto

19 Apr 2021 7 minute read 17 comments AlucardLife

For those who know, I'm sticking to my promise of becoming more technically savvy and less concerned with the actions of influencers. In this case, however, dragging Meet Kevin has a purpose. I feel like Meet Kevin when he was cutting his teeth on Gr...

DOT-KSM are heating up..

3 Apr 2021 2 minute read 0 comments amtraderpro

Hi guys! DOT really met my expectations from previous post and I would say even more! After the news that Coinbase Ventures backs Acala Network on Polkadot, token DOT made a nice leap, breaking with ease the psychological level of $40 and closing the...

Ether Cards to Integrate Chainlink VRF for NFT FeatureToken Launch 

22 Mar 2021 3 minute read 6 comments Mappo

We are excited to announce that Ether Cards will be integrating with decentralized oracle network Chainlink to leverage its Verifiable Randomness Function. Chainlink VRF is a random number generator (RNG) solution built specifically for smart contra...

An overview of Grayscale's cryptocurrency holdings

26 Mar 2021 2 minute read 0 comments True_Grin

Digital Currency Group (DCG) Grayscale currently holds 13 different cryptocurrencies in trusts but Bitcoin remains its biggest investment with a whooping 35.39 billion dollars worth of BTC. Grayscale investments is currently the biggest digital asset...

Kraken Will Run a Chainlink Node

2 Feb 2021 1 minute read 25 comments Abhimanyu Krishnan

Kraken will run a Chainlink (LINK) node to make its spot prices available to DeFi apps and developers, the exchange announced on Feb 1. Kraken is running the Chainlink node to broadcast its spot prices to any blockchain, as well as provide users wit...

Chainlink x Polkadot Ecosystem Integration

25 Mar 2021 4 minute read 1 comment CryptoCulture

Written by: Isaiah Payton 3/25/21 Chainlink & Polkadot Ecosystem Integration via Parachain   Integration Date: February 24, 2020   ORIGINAL ARTICLE LINK   Key Takeaways: - Chainlink will be integrated with the Polkadot ecosystem to enhance Polkadot'...

What is Chainlink (LINK)?

26 Mar 2021 1 minute read 3 comments nervi

Chainlink has very quickly gained popularity as a project used in the cryptocurrency space. It is a service that provides data to smart contracts in Ethereum. You could say it is the middleman between the blockchain and the world. Most of you know wh...

Keeping Personal Data More Secure - DECENTRALIZED KYC CHECKS

9 Apr 2021 3 minute read 2 comments kev_nag

INTRODUCTION Some services and individual tokens are open for unverified use by all. But to comply with regulatory authority, certain services and tokens require KYC (Know Your Customer), without which you are shut out of a plethora of financial vehi...

Can Elrond EGLD hit $300?

11 Apr 2021 1 minute read 0 comments Cryptofab

Elrond EGLD (eGold) has grown from $8 last November to $230 today. How far can it go? The launch of the staking has pumped the price, as well as the referral program on Maiar app. Feel free to use my referall link below to earn $10: https://get.maiar...