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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.
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...
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...
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...
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...
8 Jan 2020 1 minute read 0 comments Tokenhell.com
The LINK coin is outshining all major coins and remained top in the first twenty coins of the crypto markets. The Chainlink has been surged by almost 13.36% in the past 24 hours against the bitcoin which moved only 5% in the upward direction. Chainli...
6 Jan 2020 3 minute read 1 comment FKlivestolearn
This Middleware solution is being backed by Google to resolve the Smart Contract problem Cryptoverse is usually buzzing with new words which are usually difficult to decipher for a non-technical person. Even somebody like me, who is a little more fam...
6 Jan 2020 1 minute read 0 comments TheCryptokeeper
As of late, Chainlink has been getting a lot of attention, though much later than it's supporters would have expected. According to the website ethgasstation.info, an open source project that "aims to increase the transparency of gas prices, transact...
23 Dec 2019 4 minute read 1 comment ChangeNOW
Those who have been around for awhile must remember what the end of 2017 and the beginning of 2018 were like. Every single day a new coin would start its mission to the moon and everyone would jump on the bandwagon. As little as a tweet from McAfee w...
22 Dec 2019 1 minute read 0 comments moon333
In the month of Sep 2019 the price action of Chainlink took the power full bullish divergence and after making upto 131% bullish move now the price action has formed a falling wedge which was initiated in Oct 2019. Now the price action is likely...
21 Dec 2019 1 minute read 0 comments moon333
After forming the Shark pattern in Sep 2019 the price action of Chainlink took a very powerful bullish divergence form the potential reversal zone of this bullish Shark and made more than 107% bullish Move Upto Nov 2019 the price action starting movi...
