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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.
20 Sep 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!!! Blockchain Could Be the Answer to Online Privacy Concerns https://www.cpomagazine.com/data-privacy/blockchain-could-be-the-answer-t...
17 Sep 2021 4 minute read 1 comment DailyCoin
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One of the biggest drawbacks to blockchains is that they can't see or directly perceive information about the world outside their own chain. There's a need for a solution to allow the blockchains to get ahold of real-world data, services that provide...
9 Sep 2021 1 minute read 2 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Programming Data and Money: The Data Market Yield https://medium.com/oasis-protocol-project/programming-data-and-money-the-data-mar...
5 Sep 2021 6 minute read 7 comments zacharias
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Chainlink Fundamental Analysis Chainlink (LINK) is an ERC-677 token powering Chainlink — one of the pioneering blockchain oracle projects, launched in 2017. Chainlink’s oracle solution provides universal connectivity for smart contracts by bring...
31 Aug 2021 1 minute read 2 comments eltoro0x
The Hunt for Layer 1 Blockchain Protocols. The market is going very slowly up. BTC is in the limbo of 45-50K. And probably September will not be the best months for BTC or ETH. But if you noticed lately some tokens are mooning! Some good examples...
31 Aug 2021 4 minute read 0 comments DailyCoin
Visit DailyCoin for more articles. Chainlink has lived up to expectations in the last four years, by linking smart contracts to verifiable data. Chainlink has taken its objective to new levels and is integrating weather data from Google Cloud...
29 Aug 2021 3 minute read 3 comments ExponentialOne
Chainlink is well known for their oracles and being the go-to project for where smart contracts interact with data. One such Chainlink product is their VRF. Today I'm going to look at how Chainlink, Rug Pulls, and one of the biggest giveaways in cryp...
28 Aug 2021 3 minute read 4 comments JHarri
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