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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.
24 Oct 2023 1 minute read 2 comments Aventurine $0.58
Is ChainLink still a good coin? It was on of the most hyped coins in the previous bull run, many project have implemented ChainLink as the oracle. Btw, if you don't know what ChainLink is here is 2min perfect explanation by Chainlink themselves! If...
24 Oct 2023 1 minute read 0 comments Ishfaq_Khan $0.28
This one is for the Link Marines is the crypto Bull run.If you were around in 2020, Chain Link ignited D5 summer of 2020 and really ushered in the Bull y'all.Remember those crazy farming food tokens Anyways and the last link link is up over 35%.We br...
24 Oct 2023 1 minute read 0 comments COINTURK NEWS $0.32
Experienced cryptocurrency analyst Altcoin Sherpa has reported that Ethereum (ETH)-based altcoin project Chainlink (LINK) appears to be ready for a major upward explosion. Here is the analyst's rise comment for the decentralized blockchain oracle ser...
24 Oct 2023 1 minute read 1 comment Thunderboltkid $2.62
A tale of two Market Cap Trajectories going in the opposite direction? Yup. Chainlink has grown 25% during the latest Crypto Winter, while Cosmos Network #ATOM has lost 50% of its Dec 2022 Market Cap. Just in the last 24 hours Chainlink is now...
23 Oct 2023 3 minute read 3 comments DeFi Voyager $0.30
Want to stay ahead of the curve ? Follow me on X (Twitter) for the latest updates and insights before we dive into today's topic. Seen LINK & SOL's surge last week ? Did you miss out, and are now wondering whether to buy at these highs ? Now we'll b...
2 Oct 2023 2 minute read 1 comment OfTheFreeMarket $0.41
“ChainLink is helping bridge the gap from old data, to a blockchain network.” -ofthefreemarket.com Chainlink is a decentralized blockchain network which uses oracles to transfer real world data onto the network using a series of smart contracts....
27 Sep 2023 1 minute read 0 comments COINTURK NEWS $0.56
Famous cryptocurrency analyst and strategist Altcoin Sherpa stated that Chainlink (LINK) and Rollbit Coin (RLB) are preparing for a strong bull run. Furthermore, the analyst warned about the current outlook for Bitcoin (BTC). Strong Outlook for LINK...
25 Sep 2023 3 minute read 3 comments Rubikkav $1.07
Last week, Bitcoin covered a 5% range before closing the week near $26250.54 - about 1.1% lower than the week's opening price. Altcoin marketcap dropped with Bitcoin, falling from $537 billion to $531.7 billion. Leads Weekly Rise The price of C...
25 Sep 2023 1 minute read 1 comment Bfab $0.59
As you may have noticed, LINK, the native token of the decentralized oracle network Chainlink, has been one of the top-performing tokens in September, gaining over 20% in the past two weeks. However, a recent change to the protocol's multi-sig requir...
21 Sep 2023 4 minute read 1 comment fmiren $0.44
Introduction The rate at which data is increasing nowadays is fascinating. IDC, the global market intelligence firm, estimates that data will increase from 33 to 175 zettabytes in 2025. That is 175 followed by 21 zeroes! Despite the sheer size of da...
