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.

ChainLink: introduction to decentralized oracles (Part 1 of 5)

27 Jan 2020 6 minute read 27 comments HourImagination

Introduction At first I have to say that I have realized that my few previous articles have probably been a bit too long. My desire of giving a full overview on a topic, in some cases, have brought me to write papers which require between 30 and 40  ...

Unibright, Chainlink and Anyblock Analytics form EEA Taskforce EMINENT

27 Jan 2020 1 minute read 2 comments Dan

Unibright release blogposts about important milestones and developments. Today a blogpost about "Unibright forms EEA Taskforce EMINENT together with Chainlink and Anyblock Analytics" which can be found at this link.  There was much excitement and...

Binance partners with Chainlink

23 Jan 2020 1 minute read 0 comments TheCryptokeeper

    "ChainLink has a lot of potential, the way we deal with the data enables us to take advantage of other different services, and the user experience is really slick." -Plato        CHAINLINK Is Chainlink going to moon?If Chainlink gains mass adopti...

Technical Analysis [LINK / BTC - BINANCE]

21 Jan 2020 1 minute read 1 comment MrBullishSail

LINK seen from the 1W timeline we can see how the major figure is forming a bullish pennant, the current series of bullish candles has already surpassed a key point of the previous correction, this is a strong indicator of continuation bullish, t...

Chainlink: What does it mean, to be both Based AND Redpilled?

20 Jan 2020 3 minute read 0 comments TheCryptokeeper

[This satire article has been written with the help of openAI's GP-2 machine learning language via talktotransformer] Sergey Nazarov appeared on stage before the crowd. He raised his arms into the air, before asking the audience "What does it mean,...

Chainlink - if it is so smart, why is it so scary??

20 Jan 2020 1 minute read 2 comments TheCryptokeeper

[This satire article has been written with the help of openAI's GP-2 machine learning language via talktotransformer] When I invest in chainlink, I like to know that all the money I put into it is actually paying off. Even though I invest in chainli...

Conflux chain forms a new strategic partnership with Chainlink

17 Jan 2020 1 minute read 0 comments TheCryptokeeper

ConfluxChain, a "Scalable, Secure, and Decentralized POW Public Blockchain for the Global Adoption of DApps" has formed a strategic partnership with Chainlink to use smart contracts for off-chain data feeds, APIs, and traditional payments through the...

Will Chainlink put Loopring (LRC) in the spotlight?

17 Jan 2020 1 minute read 4 comments kevW!ls0n

So 2020 has not been like 2017 where the market around this time was manic and the craze was really starting to boil over. It’s more mellow now but I think there’s even more to be optimistic about now, with the hype kind of settling.  The market’s st...

Matic Network | Blockchain Collaboration, Integration and Technology Sharing Encouraged | POS Sidechains | Adapted Plasma Framework | Cosmos | Chainlink | Harmony One | Elrond |Ethereum Blockchain

13 Jan 2020 5 minute read 7 comments Perry1

“Ethereum Scaling Research Organization Plasma Group (ESRPG) shuts down” – In this recent article it was announced that the above mentioned group responsible for developing Optimistic Rollup and ZK Rollup, layer 2 solutions for scaling the Ethereum B...

What Is The Chainlink Project?

8 Jan 2020 1 minute read 0 comments denilson

Chainlink is blockchain middleware that allows smart contracts to access key features outside the chain, such as data feeds, various web APIs, and traditional bank account payments. By providing smart contracts, secure access to these key features, C...