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ChainLink (LINK)

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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.


Smart Contracts - The concept and Applications

4 Dec 2020 3 minute read 2 comments Sumukh

The Concept Of The Smart Contract                                                                 Smart contracts are programs or we can simply say its a buzzword for a program, which is just a computer code. For example, Take a look at how a cred...

Oracles on Clarity == Stacks integration with Chainlink

4 Dec 2020 1 minute read 2 comments Radoslaw R.B. (R4d3k)

Blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world. Blockchains and smart contracts cannot access off-chain data (data that is outside o...

Announcing the Chainlink Builders Program

4 Dec 2020 3 minute read 0 comments Chainlink-blog

We’d like to thank our passionate community of developers who have put in amazing work to expand and strengthen the Chainlink Network. Chainlink is the most widely-used blockchain oracle because of your efforts building out the decentralized network....

Chainlink Launches the Chainlink Builders Program

4 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

Chainlink has launched an incentivized developer program called Chainlink Builders Program, according to an announcement made on Dec. 3. The Chainlink Builders Program has been designed to “recognize and thank” network developers for their creations...

Polkadot Launches DeFi Alliance, Led By Chainlink

4 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

On Dec. 3, Polkadot (DOT) launched a DeFi focused initiative, the Polkadot DeFi Alliance, with Chainlink (LINK) and several other DeFi projects. The 10 member strong initiative is a join effort to advance DeFi research and development in the Polkado...

LINK price will get back to $20 sooner or later

2 Dec 2020 1 minute read 5 comments Fab G

After having reached its All Time High in August and then dumped, LINK has progressively increased since September and is currently evolving within a $12-16 ascending channel. Some technical analysis are showing that it should reach $16 pretty soon....

The Crypto Silver (LTC) Has Been Added To Free Cryptos

30 Nov 2020 4 minute read 17 comments Bragato18

Finally Litecoin (LTC) has been added to the Free Cryptos suite of sites. Not sure why it has taken so long. All the biggies are already there, Bitcoin (BTC), Dash, Ethereum (ETH). Even Chainlink (LINK), albeit it was at the height of the LINK hype c...

Oracles on Clarity with Blockstack’s Stacks

30 Nov 2020 5 minute read 1 comment Saurabh

Blockchain technology relies on its pillars of distributed ledger technology & cryptography for data authentication & segregation of what is right from the wrong. Its origins date back to 2008, the period which was marked by a global financial crisis...

Coins you should keep an eye in 2020-2021

27 Nov 2020 1 minute read 3 comments Upper Volt

The eyes chico, they never lie.With that quote i'm going to start this post about some coins that i keep track of and that some of them i hold. Its gonna be brief description about them so it wont even be boring reading:Chainlink(LINK): Oh oracle wil...

Chainlink CEO Expects Flash Attacks to Ramp Up

25 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

Chainlink (LINK) co-founder Sergey Nazarov believes that the DeFi market will experience more flash loan attacks going forward. Nazarov made the statement during a Decrypt Daily podcast on Nov. 24. Nazarov said that the main pain point with respect...