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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.
29 Nov 2023 4 minute read 1 comment 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...
6 Dec 2023 1 minute read 2 comments Cryptofab
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...
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...
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...
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...
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...
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...
15 Mar 2021 8 minute read 42 comments MuyAsk
Hey guys :) I’m back with another comprehensive Q&A piece, this time for a new and innovative Defi lending platform with incentivized borrowing – Yield (YLD). Yield is a non-custodial P2P lending dapp that not only incentivizes lending (as per usual...
24 Nov 2023 8 minute read 5 comments Sebastian Purcell, PhD
What do you do when you miss a coin like Solana (SOL) as the bull run takes off? Do you chase or wait for something else? The answer, counter-intuitively, is that being late pays more ... if you know what you're doing. I'll explain in five steps, st...
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...
