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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.
16 May 2025 1 minute read 0 comments Myxoplixx
JPMorgan Chase recently made headlines by completing its first transaction on a public blockchain, signaling a major shift in how big banks might operate in the future. Traditionally, banks like JPMorgan have used private, permissioned blockchains fo...
19 Apr 2025 2 minute read 1 comment Myxoplixx
Greetings crypto-fam let's dive in. First, the big news that everyone’s talking about, Chainlink’s market value has surpassed the New York Times, leading to discussions about whether traditional journalism dead and losing its value compared to decent...
16 Apr 2025 2 minute read 1 comment Myxoplixx
Greetings crypto-fam let's dive in. The big headline grabbing everyone’s attention is the hack of UK Minister Lucy Powell’s Twitter account, which got hijacked to push a shady crypto scam. This isn’t just a random oopsie, it’s a screaming reminder th...
7 Apr 2025 2 minute read 1 comment Myxoplixx
Greetings crypto-fam let's dive in. First up, the breaking story that’s got everyone’s attention, institutions are loading their bags while the little guy freaks out. Word on the street, or rather, posts on Crypto-Twitter, is that big players are qui...
6 Apr 2025 1 minute read 1 comment Myxoplixx
PayPal’s decision to integrate Solana’s blockchain and Chainlink’s data tools into Venmo isn’t just a tech upgrade, it’s "checkmate" on how money moves. By tapping into crypto’s infrastructure, the payments giant is quietly rewriting the rules of f...
5 Apr 2025 2 minute read 2 comments KMatt
PayPal, the world's largest online payments company, has expanded cryptocurrency services in the US by adding Solana (SOL) and Chainlink (LINK) as tradable assets on the platform from today. This is another move by PayPal towards the adoption of digi...
29 Mar 2025 3 minute read 0 comments Myxoplixx
Alright, let’s take a stroll through the labyrinth of crypto analysis, focusing on under-the-radar gems that might not have the spotlight yet. But, they’re quietly weaving their way into the fabric of the blockchain ecosystem. Let’s break it down wi...
19 Mar 2025 1 minute read 1 comment Keith Thuerk
Chainlink underwent a quarterly token unlock Quarterly Chainlink Token Unlocking The Blockchain oracle service known as LINK unlocked of 19 million or new tokens which at the time were worth $262 million. This is part of standard three month releas...
17 Mar 2025 1 minute read 0 comments Myxoplixx
Crypto trading encompasses a wide variety of strategies, each tailored to different personalities and trading styles. Recognizing your own approach is crucial for long-term success, whether you're a scalper who thrives on quick trades lasting mere...
15 Mar 2025 3 minute read 0 comments Myxoplixx
Greetings crypto-fam, let's dive in. First up, let’s talk about Polygon (POL), the scaling solution darling of Ethereum. Social sentiment around Polygon has been buzzing with positivity lately, especially on Twitter and Reddit. The hype is driven by...
