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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.
1 Sep 2023 5 minute read 0 comments Coinpaper
One recent development that has caught the attention of cryptocurrency industry observers over the past few days was the collaboration between Chainlink and Swift, a prominent financial messaging giant. This collaboration, which revolved around a tok...
31 Aug 2023 1 minute read 3 comments Bfab
I'm wondering if Chainlink (LINK) might pump after the news that SWIFT is working on blockchain integration. SWIFT is a global messaging network that connects banks and financial institutions. The company recently released a report that said that blo...
17 Aug 2023 3 minute read 0 comments chidi
In the vast and diverse continent of Africa, agriculture serves as the backbone of many economies, providing livelihoods for millions and feeding entire nations. However, this critical sector often grapples with numerous challenges, from fragmented s...
12 Aug 2023 2 minute read 5 comments Arhat
I wanted to touch base on Chainlink's CCIP and the components that make up the Cross-Chain Interoperability Protocol. There are 3 key components: Committing DON for proving message existence Executing DON for transferring messages ARM for security a...
12 Aug 2023 2 minute read 3 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
Chainlink's CCIP (Cross-Chain Interoperability Protocol) is officially live on the mainnet. Today, Web3 consists of hundreds of independent Layer1 chains, Layer2 rollups, sidechains and more that launch every week. To create a truly interoperable Web...
11 Aug 2023 5 minute read 0 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
7 Aug 2023 1 minute read 1 comment Bfab
As explained in my post of yesterday, I've been earning some extra money by writing articles on Publish0x, and I've decided to challenge myself to see if I can turn my $100 earnings into $1,000 on the Polygon zkEVM blockchain. Yesterday, I swapped my...
7 Aug 2023 1 minute read 1 comment Louky
Yo, fellow crypto peeps! 💸 Guess what? Some crazy stuff went down in the DeFi world! Hold on to your hats, 'cause this one's a wild ride! 🎢 Curve Finance users were freaking out when a hacker swiped a whopping $61 million from the platform. But wai...
6 Aug 2023 3 minute read 2 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
31 Jul 2023 5 minute read 4 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
