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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.
13 hours ago 5 minute read 8 comments johnwege
If you are anything like me, that means that you love speculating about where the prices of cryptocurrency could possibly go during the next bull run. I will be honest with you that this is something I think about on a daily basis. It helps to guid...
25 Oct 2020 6 minute read 2 comments pheonixdown-dee
Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I li...
24 Oct 2020 2 minute read 7 comments pheonixdown-dee
The ChainLink (LINK) price has broken out from a downtrend line that had been in place for more than two months. Despite this, the price has failed to considerably increase after the breakout and has yet to clear a crucial resistance level, which...
25 Oct 2020 6 minute read 2 comments Rubikav®
During the week of October 17–25, the cryptocurrency market recovers, turning almost entirely green. More than 90% of altcoins registered significant increases, with growth that reached 17%. The most appreciated cryptocurrencies of the week are led b...
26 Oct 2020 3 minute read 1 comment Rollerkid
Source: Adobe/stockphoto-graf Even though bitcoin (BTC) was outperformed by several major coins in the past year, including ethereum (ETH), there are still more BTC holders 'in the money.' This information is provided by the set of tools, d...
19 Oct 2020 2 minute read 2 comments uygarpelin
What is Chainlink Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with real-world data.-What we have to say for Oracle is that a user requesting access to off-chain data can submit a request agreement to the C...
18 Oct 2020 1 minute read 4 comments Keith Thuerk
Chainlink to allow you to control your Tesla! WoW, an adapter has been released on the Chainlink Market that allows you to change Tesla 'state' the Chainlink Blockchain. Sounds as if the long term plan for this is to rent your Tesla out (i.e. the...
25 Oct 2020 2 minute read 0 comments odisseo
First of all it must be said that there are hundreds of tokens linked to DeFi projects, but many are little known or used. To select the most important ones, it is advisable to use the ranking of DeFi tokens with the highest market capitalization. T...
23 Oct 2020 2 minute read 1 comment odisseo
Chainlink recently announced several positive news and this is definitely contributing to the asset's price rise. In detail, Chainlink has announced that its VRF function, or the Verifiable Randomness Function, has landed on the Ethereum mainnet. It...
9 hours ago 2 minute read 1 comment Permabull
Dollar cost averaging (DCA) is an investment strategy that aims to reduce the impact of volatility on your Bitcoin purchases. From Wiki: By dividing the total sum to be invested in the market (e.g., $100,000) into equal amounts put into the market a...
