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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.
31 Dec 2021 3 minute read 15 comments Heath Muchena
What is Web3? The term Web3 was coined by Ethereum co-founder, Gavin Wood, who is also the founder and lead developer of Parity Technologies and the creator of Polkadot and Kusama. Web3 essentially represents the next phase of the internet, consistin...
30 Dec 2021 1 minute read 0 comments Unknown1234
The ChainLink platform acts as a decentralized Oracle network, allowing anyone to become an Oracle, the provider of data feeds, in exchange for LINK tokens. The ChainLink platform includes authentication, verification and reputation services to ensur...
29 Dec 2021 2 minute read 0 comments FATExDAO
Important FAQ + DAO Strategy Update The DAO has bridged some bscLINK and will be adding more as we add $LINK LPs paired to $UST, $DAI, $ONE (this will also occur with other, recently added large-cap #crypto. (i.e. $MATIC, $JEWEL etc) — as a digital a...
20 Dec 2021 3 minute read 4 comments Zacharias
20 December 2021: Major blockchain oracle Chainlink (LINK) and the US-based meteorology reporting service AccuWeather recently announced a partnership that will allow AccuWeather to run a live node on the Chainlink network. This will catalyze devel...
15 Dec 2021 1 minute read 4 comments Cje95
Last week it was announced that Harvest had been presented with an investment opportunity and the idea has been put up for a vote! The $50,000 investment in Steady State would be invested during the seed round which is attempting to raise $4 million...
12 Dec 2021 7 minute read 6 comments Swapzone
Today, we will look at the Lisk (LSK) crypto project and discuss the project’s key features and products. We will also be explaining how you can exchange Lisk (LSK) at the best rates and with the lowest fees. Once you find the right place to exchange...
11 Dec 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!!! Oasis November Engineering Update https://medium.com/oasis-protocol-project/oasis-november-engineering-update-dcb953af0642 Real Us...
8 Dec 2021 3 minute read 0 comments Cje95
Decentralization might have been one of the biggest words this year. It was something that even my 67-year-old father asked me about as he wanted to understand the hype and conversation around decentralization. While I love decentralization as much a...
8 Dec 2021 6 minute read 2 comments quantdoge
Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...
7 Dec 2021 1 minute read 1 comment spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Oasis Protocol to Launch on Wormhole Network Following Freshly Announced $160M Defi Fund (BIG) https://medium.com/oasis-protocol-pr...
