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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.
15 Apr 2021 2 minute read 7 comments Austin Reihl
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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...
15 Apr 2021 1 minute read 2 comments Cryptofab
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16 Apr 2021 1 minute read 9 comments busyjordy
CRYPTO CORNER EPISODE 204 Market Analysis, Updates, News & Reviews ►Market Overview (ETH, LTC, DOGE, ADA & more)►Bitcoin Ban in Turkey causes price drop by $4000►Chainlink 2.0 Ready To Roll Out 🚩For more FREE crypto content follow my official blog...
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5 hours ago 3 minute read 1 comment paragism
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20 Apr 2021 1 minute read 1 comment spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! (New homepage) Oasis Labs Official Web Site https://www.oasislabs.com/ Introducing Parcel Beta (Parcel Beta is Live!!) https://med...
16 Apr 2021 1 minute read 1 comment dexpartacus
Andiamo a guardare assieme le news più importanti di questi giorni provenienti dalla Cripto Sfera, partiamo da Dogecoin che ha registrato numeri da record in questi giorni grazie sempre al solito Elon Musk, passiamo poi a Bitcoin e gli occhi pun...
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...
19 Apr 2021 1 minute read 0 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Future of Data Privacy Technology w/ Co-Founder Raymond Cheng https://www.youtube.com/watch?v=Unf__FNDFPM Oasis Labs Co-Founder...
