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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.
16 Jun 2022 1 minute read 9 comments Joao16
For more content like this tip me if you can! thank u :) Bitcoin Analysis After breaking 30K BTC went straight to 20K, one of the major supports we have on BTC. Right now I think we are going to start to go higher because this is a great support...
15 Jun 2022 2 minute read 7 comments Mike Ermolaev
On June 1, one of the leading altcoins, Solana experienced another power outage and was offline for over 4 hours. As the team later confirmed, a bug in the system prevented the network from producing new blocks. Even though the issue has already been...
13 Jun 2022 3 minute read 3 comments Zacharias
13 June 2022: Leading oracle protocol Chainlink (LINK) recently unveiled its Economics 2.0 roadmap that outlines the specifics of staking to enhance security & community involvement in the protocol. Chainlink secures tens of billions in value by pr...
11 Jun 2022 1 minute read 0 comments The Part Time Economist
Cryptocurrency smart contracts and DeFi protocols have taken finance to the next level by empowering people across the globe to buy, sell, lend, borrow, and trade assets without the need for a trusted middle man. Despite the power of smart contracts...
8 Jun 2022 5 minute read 2 comments Swapzone
If you are an avid fan of anything but cryptocurrency and blockchain, then you must have come across the blockchain project known as Chainlink. Chainlink’s existence dates back to 2014 when a non-profit organization popularly known as SmartContract L...
7 Jun 2022 1 minute read 0 comments InsideCrypto
Hey DFI(Defi) people… How are you holding up? We had another temporary bump in the price this week which lulled a lot of people into a sense of safety. Please becareful! This is the seventh episode of our Defi focused segment of the Inside Crypto pod...
7 Jun 2022 1 minute read 0 comments Joao16
Bitcoin Analysis Btc is trying to get a support at 28.5K and it seems to be holding pretty well but Today is trying to do a rejection to the 32K resistance, unless until the end of the day this bar turns green we will test the support again. I don't...
4 Jun 2022 1 minute read 0 comments Keith Thuerk
Solana integrates Chainlink Oracles into Mainnet Let's be honest Solana has a tough year, well more like 18 months if you are counting major issues on the Solana blockchain. Here are just some of the issues I have been following Solana Halted by Bug...
30 May 2022 8 minute read 1 comment Mike Bivens
It's a long one this week but there was also a lot of old things wrapping up and new things starting, I'm hoping the efforts will be more centralized going forward which should help reduce the bulkiness of the weekly recap articles. This week I gradu...
29 May 2022 1 minute read 1 comment Perfectionist25
The range of 0.467 - 0.261 for $MATIC is very important and I expect it to find support here in 1-2 weeks, but then if this place is destroyed, it may come down to the range I marked as M support cluster at the bottom. 0.467 and 0.261 should be caref...
