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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.
16 Jan 2025 1 minute read 0 comments Myxoplixx
As the crypto market continues its rollercoaster ride in mid-January, Bitcoin briefly touched the psychologically significant $100K mark before settling at $99.9K, up 0.9% in the last 24 hours. This surge comes on the heels of the recently released...
19 Jan 2025 1 minute read 2 comments Biz Wisdom
>Your Myers Briggs result>Your main coin INFJ. Chainlink. I'm curious if there are any trends in coin owners. . Non-autistic INTP. Chainlink and Claros. . ENTP-XRP. Putting my poly sci to work. . ISTP. I've gotten both but this test is _____ so suck...
10 Jan 2025 1 minute read 1 comment Myxoplixx
The crypto market continues to experience turbulence as we enter the second week of 2025. BTC is currently trading at $94K, down from its recent high above $100K but showing signs of recovery. ETH stands at $3.2K, having declined 10.48% over the pas...
31 Dec 2024 2 minute read 0 comments Myxoplixx
As we wrap up 2024, the world of crypto has seen some major shifts. From political changes to new rules and tech advances, this year has set the stage for what could be a new chapter in digital money. Let's break down what happened and what it means...
9 Jan 2025 3 minute read 0 comments Myxoplixx
As we stand at the dawn of a new digital era, the convergence of blockchain, A.I., and the burgeoning metaverse is reshaping our global landscape at an unprecedented pace. This revolution is being driven by a complex interplay of tech giants, innova...
9 Jan 2025 7 minute read 0 comments Coin_Rabbit
The world of CeFi and DeFi has introduced groundbreaking changes to the traditional financial system. Within this landscape, Chainlink stands as one of the most influential players, offering solutions that bridge the gap between blockchains and real-...
27 Dec 2024 1 minute read 0 comments Myxoplixx
Options expirations play a crucial role in shaping the crypto market, particularly for major assets like Bitcoin (BTC) and Ethereum (ETH). These events often lead to increased volatility and influence price movements due to the substantial notional...
24 Dec 2024 3 minute read 5 comments Cryptonator`s
This winter, I decided to hodl my way through five of Europe’s most epic theme parks: Efteling, Phantasialand, Movie Park Germany, Toverland, and Walibi Belgium. With fairy lights twinkling like bullish candlesticks and frosty winds cutting through m...
15 Mar 2021 8 minute read 67 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...
3 hours ago 3 minute read 1 comment Myxoplixx
There’s a certain irony in finding myself here, fingers poised over the keyboard, penning this confession. For someone who has always prided themselves on a principled and reasoned approach to investing in cryptocurrency, the allure of meme coins ha...
