ChainLink (LINK)

1,050 Articles 75,935 Followers

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.

CXL Tokenized GenAI 'For the People' : US $6.99/Month? ERC20 Token Pay per Prompt by 2025?

25 Feb 2024 37 minute read 0 comments Thunderboltkid

Tired of waiting for your 'engineered prompt' to have Google or OpenAI spit out a "SteamPunk" image to your liking? "Sign up here" the GenAIaaS Provider pleads, for 'just' US $79.00/month! Why so expensive? Because these genAI Expert Providers pay Go...

Chainlink from $14.2 till now ($20) and next? multi timeframe analysis

18 Feb 2024 1 minute read 0 comments Emad

I have posted about #LINK since it was $14, bought at $14.242 (spot, swap on my wallet, not with leverage and not in any broker account and I recommend only this way!) here is why I bought (which paid me off nicely), and what would I do from now: the...

Get ready for this highly exclusive insider info: The next Bitcoin is Sslana

17 Feb 2024 1 minute read 16 comments Kovichni

Yes you heard it here first. Well, unless you happened to have already read this today, then you heard it here second but gawddamit, time to get me some Sslana before the rest of the market catches on. We are so early to this one you can not even fin...

From PayPal to Smart Contracts: Chainlink Enables PayPal USD's Transition to the Ethereum Network

17 Feb 2024 2 minute read 0 comments Gryphonboy

You've likely heard buzz around decentralized finance or "DeFi" - a new wave of blockchain applications that could transform how we bank, borrow and invest. Ah! Who am I kidding? It has already done that for me, and believe me, if it hasn't already,...

An Analysis of ChainLink: what are its Achievements and what are its Goals for 2024 and beyond? Should you own it?

7 Feb 2024 2 minute read 1 comment blockchainking

What are ChainLinks' historical Milestones achieved? Token Sale Success (2017): In September 2017, Chainlink achieved a successful initial coin offering (ICO), securing $32 million in funding. Mainnet Debut (2019): Chainlink marked a significant...

2024: The Year of the Oracles? Why blockchains are nothing without Oracles!

2 Feb 2024 4 minute read 1 comment blockchainking

What is an Oracle? An oracle refers to a third-party service responsible for furnishing data to smart contracts operating on a blockchain. The information supplied by an Oracle encompasses a wide range, spanning from the present value of a cryptocurr...

ChainLink Partners with Protocol Labs for Supporting Tech Startups

1 Feb 2024 1 minute read 0 comments Novasky

When you want your blockchain to grow and have a use case, you have to be more open towards the tech startups that can do that for you. A lot of blockchain projects are putting up hackathons and the growth ecosystem projects for supporting each other...

Understanding Render's (RNDR) Regulatory Positioning

25 Jan 2024 4 minute read 3 comments Michael @ CryptoEQ

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PYTH: Unleashing the Power of Smart Contracts: The Vital Role of Pyth Network in Financial Modernization. (Solana ecosystem)

22 Jan 2024 3 minute read 0 comments blockchainking

Hey my dear followers, today I'm tipping my tows into the Solana ecosystem. After Solana's 10x last year, which I failed to profit from because I fell victim to the disbelief rally dilemma, I'll try my luck by looking at which Solana projects will pr...

why don't I buy here? and why WILL I buy then?

21 Jan 2024 1 minute read 3 comments Emad

I have cashed out while ago from all my crypto positions, in to stable coins, and I wasn't very wrong since all of them started a side way range which can bother your mental health :) to be specific I check and trade these: LINK, GMX, ILV, ORDI, KAS,...