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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.
5 Jan 2022 1 minute read 1 comment busyjordy $0.16
CRYPTO CORNER EPISODE 387 Market Analysis, Updates, News & Reviews In today's episode I discuss the hot topics of the day: ►Ethereum Whales Are Loading Up On Shiba and Chainlink ►Opensea Raises $300 Million for Future Development ►Turkey's Currency C...
2 Jan 2022 2 minute read 5 comments JHarri $0.26
I’m finally making some money in crypto. Forexshark has stuck to his guns and not rugged on us yet drip.community is holding strong and the manor farm is in the pipeline. It’s time for me to come up with a plan and writing this down helps me work it...
2 Jan 2022 1 minute read 4 comments CryptoFloppa $0.42
Im honestly surprised that no one has spoken about this yet In a recent tweet by the official Chainlink Twitter account they announce the upcoming release of Link Staking and the use of the Chainlink as an abstraction layer by Web 2.0 and enterprises...
31 Dec 2021 3 minute read 15 comments Heath Muchena $1.66
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 $0.15
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 $0.10
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 $2.31
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 $1.16
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 $1.50
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 $0.17
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...
