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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.
14 Apr 2024 2 minute read 4 comments Raghav Sawhney
The cryptocurrency market continues to evolve with Ethereum Classic experiencing notable price changes and Chainlink facing a forecasted 25% decrease due to corrective signals from technical indicators. Amidst these fluctuations, BlockDAG (BDAG) shin...
13 Apr 2024 1 minute read 1 comment Raghav Sawhney
The digital currency ecosystem is abuzz as BlockDAG's presale phases, particularly Batch 6, sell out quickly, capturing the attention of investors from the XRP community. In parallel, Chainlink (LINK) is experiencing pivotal moments as it strives to...
12 Apr 2024 1 minute read 0 comments NotCleverAtAll
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20 Mar 2024 5 minute read 3 comments Guarda Wallet
As we edge closer to 2024, the crypto community is buzzing with speculation and analysis about the Chainlink price prediction 2024. Known for its pivotal role in bridging real-world data with blockchain smart contracts, the Chainlink crypto ecosystem...
18 Mar 2024 2 minute read 4 comments Michael @ CryptoEQ
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12 Mar 2024 1 minute read 0 comments Cyfab
International Women's Day got me fired up this year, especially after hearing Sophia Flörsch's story – a total badass racing driver in Formula 1 (click here for details). It got me thinking: is a similar revolution happening in the world of crypto? W...
25 Feb 2024 39 minute read 0 comments Thunderboltkid
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18 Feb 2024 1 minute read 3 comments Emad
I have posted about #LINK since it was $14, bought at $14.242 (spot, swap on my wallet, not with leverage and not in any broker account and I recommend only this way!) here is why I bought (which paid me off nicely), and what would I do from now: the...
17 Feb 2024 1 minute read 17 comments Kovichni
Yes you heard it here first. Well, unless you happened to have already read this today, then you heard it here second but gawddamit, time to get me some Sslana before the rest of the market catches on. We are so early to this one you can not even fin...
17 Feb 2024 2 minute read 0 comments Gryphonboy
You've likely heard buzz around decentralized finance or "DeFi" - a new wave of blockchain applications that could transform how we bank, borrow and invest. Ah! Who am I kidding? It has already done that for me, and believe me, if it hasn't already,...
