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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.
2 Oct 2023 2 minute read 1 comment OfTheFreeMarket
“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
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 2 comments Rubikkav
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 Cryptofab
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
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...
18 Sep 2023 3 minute read 7 comments Rubikkav
AAVE, LINK, Chiliz (CHZ) and other cryptocurrencies are showing signs of recovery amid financial uncertainty. Doubled In A Month Recent news reported that computing power of the Kaspa (Kas) or hashrate is over the last 30 days indicates that on Aug...
18 Sep 2023 5 minute read 0 comments Coinpaper
A recent development within the Chainlink ecosystem, combined with favorable technical flags, may lead to LINK's price flipping a key resistance level into support soon. In a significant move toward revolutionizing the financial sector, the Australia...
15 Sep 2023 1 minute read 0 comments Coinpaper
LayerZero Labs has partnered with Google Cloud to leverage its validating services. The startup has experienced lightning-fast growth to support over 95% of cross-blockchain messaging. LayerZero Labs partnered with Google Cloud to boost the security...
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 Cryptofab
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...
