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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.
6 Dec 2023 1 minute read 0 comments KMatt
Following the launch of its new stablecoin First Digital USD (FDUSD), Binance announced two initiatives to drive adoption with zero-fee spot and margin trading for several token pairs, such as BNB, DOGE, LINK, ETH, SOL and XRP and the APR at 12% on...
5 Dec 2023 6 minute read 0 comments fmiren
Introduction In 2006, the British mathematician and data science entrepreneur coined the phrase which quickly spread — “data is the new oil”. Perhaps it is not a coincidence that the phrase was coined when fields working directly with data, e.g., art...
1 Dec 2023 1 minute read 0 comments Emad
Chainlink is in an overall bull trend, and I believe it aims $25 but as for now I see this opportunity to sell at the supply zone: 14.88 to 15 USD and again buy back on one of the demand areas: first $14 and next $13.65 the first level has a 6% prof...
30 Nov 2023 1 minute read 0 comments KMatt
Chainlink, a decentralized oracle network that connects blockchains to the real world thanks to smart contracts, announces that the new v0.2 update of the crypto staking section is online, after a short 9-day migration period. The update includes sev...
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...
29 Nov 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...
17 Nov 2023 1 minute read 3 comments LocoSocioCrypto
While Bitcoin and Ethereum hold a very strong lead as the first and second cryptocurrencies by market cap, I thought I would switch it up and instead write about a few other altcoins that I am excited about for this bull run. All prices are listed in...
15 Nov 2023 1 minute read 0 comments Ticktalker
Design, functionality and usage has been the major driving factors for everything that happens online. The internet has made the world a global village where information can be shared across in a split second. This web2 as know it is fueled and owne...
8 Nov 2023 1 minute read 5 comments BreakdownFab
I recently read a very interesting analysis about the crypto market: Cryptocurrency prices soared in October 2023, with Bitcoin leading the way with a 28% gain. Other top performers included SOL (78% gain) and LINK (45% gain). The surge is being fue...
8 Nov 2023 2 minute read 3 comments Cje95
Even though it may not seem like it crypto has performed very well this year as Bitcoin has jumped from $16.6k on January 1, 2023, to over $35.5k and Ethereum has jumped from $1.1k to $1.9k. Naturally, these two have consumed most of the attention as...
