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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.
13 Oct 2020 4 minute read 1 comment Simplify Crypto
WHAT IS CHAINLINK (LINK)? Chainlink is a network of decentralized oracles that helps connect smart blockchain contracts to external resources (real-world data) in different networks, with LINK being the token used to pay for services on the network....
12 Oct 2020 1 minute read 2 comments Sapphire
Don't Confuse A General Market Dip With A Bubble When you look at the altcoin market as a whole it becomes quite clear that all sectors within the altcoin space have been hit extremely hard in recent weeks. It is not only the DeFi space that has seen...
12 Oct 2020 3 minute read 11 comments johnwege
I am often asked on my articles about how I go about buying cryptocurrency, or even what is the best way to build a portfolio. Now usually people will give you the usual rundown of answers for investing in cryptocurrencies. Some of these go as foll...
11 Oct 2020 5 minute read 6 comments MintDice.com
There are a ton of cryptocurrencies circulating the markets nowadays, and it’s hard to keep tabs on each and how they solve unique problems. Many people are familiar with the Ethereum blockchain network and how it uses smart contracts to bring legal...
11 Oct 2020 1 minute read 2 comments kodi0014
By looking at the market, I am getting more and more convinced that it is being manipulated. I do not see a good reason why markets would go up these days, except for manipulation. Maybe for a lot of people who are in the trading business it...
9 Oct 2020 1 minute read 0 comments NewCreationCapital
video: audio: "Learning To Love In The Wilderness" - If you would like to buy my newly published book please click here. Join The New Creation Cronies Telegram Group In Episode 209: Technical Analysis: Chainlink,Bitcoin, XRP Is It Bullish or Bear...
9 Oct 2020 3 minute read 4 comments XTRM
The world is rapidly starting to turn its head towards Cryptocurrency at a rate of speed not seen since UFO's were invented... Seriously though it is a very rapid and quite scary pace currently at which Dapps, Smart Contracts, new cryptocurrencies an...
8 Oct 2020 1 minute read 0 comments NewCreationCapital
video: audio: "Learning To Love In The Wilderness" - If you would like to buy my newly published book please click here. Join The New Creation Cronies Telegram Group In Episode 208: Did The Breakout Make Chainlink, XRP, Bitcoin Bullish or Bea...
8 Oct 2020 1 minute read 0 comments jeromebernard
ATTA trading bot has been running for a month on LINK/BTC pair, so it is time for a review of its performance. ATTA is a day trading bot, so you'll see way more trades than yesterday blog post about Gekko on BTC/USDT pair :) So, I won't explain each...
8 Oct 2020 1 minute read 0 comments doyouminecrypto
Hello! As you could see by my earlier post on ChainLink (LINK) I'm bullish on LINK currently. I am a bit more confident now and will be adding to my long position at these levels. [*] This chart is completing a couple patterns harmonic and chart...
