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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.
10 Jan 2024 2 minute read 2 comments Guarda Wallet
What Is Chainlink? Chainlink remains a key player in the decentralized oracle network space. It serves as a critical bridge between smart contracts on the blockchain and real-world data, ensuring that the contracts operate based on accu...
5 Jan 2024 1 minute read 0 comments Novasky
Chainlink a oracle blockchain ledger. They have been out there powering up the swaps, dex and the variety of the oracle based smart contract use cases over a period of years. Now they are expanding and a lot of popular cloud services, network compani...
22 Dec 2023 2 minute read 1 comment Footprint Analytics
Author: [email protected] Data Source: Token Dashboard Token analysis plays a pivotal role in the realm of cryptocurrency and digital assets. It is the process of delving deep into the data and market behaviors associated with these assets....
9 Dec 2023 2 minute read 13 comments Cje95
A month ago I wrote about my favorite "mainstream" alt that had been performing remarkably well and in the month since then it has only continued to gain. Chainlink, also known as LINK, has long been the leader in the data oracle space and last bull...
6 Dec 2023 1 minute read 3 comments BreakdownFab
I'm a crypto enthusiast who's been exploring various exchanges and strategies to maximize my gains. My recent adventures with Drift Protocol and perpetual swaps have been nothing short of spectacular. Drift Protocol, a decentralized exchange, introdu...
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
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