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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.
15 Apr 2021 1 minute read 0 comments zdigital22
Just when Bitcoin and Ethereum had the biggest rally since last March. Along with them are Uniswap and Chainlink altcoins. UNI today had a massive trade increase of +14% that's why lots of traders were going frenzy about it. Here is my price forecast...
13 Apr 2021 2 minute read 0 comments stereoIII6
PYEs & FRX on Fraxio Try it yourself on https://fraxio.herokuapp.com/ FRACT enables artists to create dynamic artwork which you can then use to create NFTs that react to external data in real time pulling from the chainlink Oracle. For Example : You...
12 Apr 2021 12 minute read 1 comment Michael @ CryptoEQ
Overview Chainlink is a decentralized oracle network built on Ethereum designed to connect off-chain data sources to on-chain smart contracts. LINK serves as the utility token for the Chainlink network which acts as a trust-minimized middleware...
12 Apr 2021 1 minute read 0 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! New Exploration: The Future of Blockchain - Shanghai International Blockchain Week 2019 https://www.youtube.com/watch?v=FdiJCvYfVHQ...
12 Apr 2021 3 minute read 0 comments CryptoCulture
Chainlink's VRF, Ether Cards, and the Emerging Dynamic NFT Market Written By: Isaiah Payton April 11th 2021 What bubble? Chainlink and its VRF function are adding another dynamic (no pun intended) to the emerging NFT market and are ushering in...
11 Apr 2021 1 minute read 0 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Oasis Parcel Alpha Sign Up Form https://oasislabs.typeform.com/to/sLIX5O Oasis Labs Official YouTube Channel https://www.youtube.co...
11 Apr 2021 1 minute read 0 comments Cryptofab
Elrond EGLD (eGold) has grown from $8 last November to $230 today. How far can it go? The launch of the staking has pumped the price, as well as the referral program on Maiar app. Feel free to use my referall link below to earn $10: https://get.maiar...
11 Apr 2021 1 minute read 0 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Oasis AMA Recap https://cryptodiffer.com/news/oasis-ama-recap/ Oasis Foundation annouces implementation of Tidal DeFi insurance pla...
10 Apr 2021 1 minute read 0 comments Nas.A
Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article I will tell you about "LINK and BAND" rivals. Although they are rivals to each other, they provide important services to the networks they serve. Bo...
10 Apr 2021 1 minute read 0 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Robinhood saga reveals deeper flaw in Web 2.0: Oasis Labs executive https://cointelegraph.com/news/robinhood-saga-reveals-deeper-f...
