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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.
23 Dec 2020 3 minute read 10 comments MikeZillo
More and more often we talk about DeFi and Blockchain, but the blockchain alone does not make any sense.Let me explain: if we do not have verified data that can activate Smart-contracts, Blockchain is reduced to a simple public archive with the pecul...
8 Nov 2023 1 minute read 5 comments Cryptofab
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...
20 Nov 2024 1 minute read 4 comments Galaxie Crypto
Just two days ago, I explained in one of my articles the major success of Chainlink with its collaboration with the interbank network SWIFT to implement tokenization. The recent announcement by Chainlink is making a big splash as it is a world firs...
31 Aug 2023 1 minute read 3 comments Cryptofab
I'm wondering if Chainlink (LINK) might pump after the news that SWIFT is working on blockchain integration. SWIFT is a global messaging network that connects banks and financial institutions. The company recently released a report that said that blo...
12 Aug 2023 2 minute read 3 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
Chainlink's CCIP (Cross-Chain Interoperability Protocol) is officially live on the mainnet. Today, Web3 consists of hundreds of independent Layer1 chains, Layer2 rollups, sidechains and more that launch every week. To create a truly interoperable Web...
11 Aug 2023 5 minute read 0 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...
24 Oct 2023 1 minute read 1 comment Thunderboltkid
A tale of two Market Cap Trajectories going in the opposite direction? Yup. Chainlink has grown 25% during the latest Crypto Winter, while Cosmos Network #ATOM has lost 50% of its Dec 2022 Market Cap. Just in the last 24 hours Chainlink is now...
26 Nov 2024 1 minute read 0 comments Myxoplixx
The crypto market reveals a stark divide between traders and gamblers, a distinction that often means the difference between sustainable success and devastating failure. While both groups operate in the same arena, their approaches couldn't be more...
27 Jan 2023 5 minute read 1 comment Cje95
For the last two years, I have posted about my crypto goals here as it was something that I thought would help hold myself accountable to what I wanted to invest in and not get sidetracked by projects that would explode onto the scene. By doing this...
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...
