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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.
8 Dec 2021 3 minute read 0 comments Cje95 $1.08
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 $0.62
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 $0.14
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...
7 Dec 2021 2 minute read 0 comments FX Empire $0.81
LINK/USD tumbled in line with the broader crypto market crash over the weekend and has since struggled to recover ground. Cryptocurrency markets suffered from a significant blowout over the weekend and Chainlink (LINK/USD) was no excepti...
4 Dec 2021 1 minute read 15 comments Batinium $0.59
December 4th 2021, saw the crypto market crippled and fallen by more 20%. While the fall liquidated many trades and resulted in losses for many traders, these kinds of events in not abnormal in the crypto market due to their high volatility. Some tra...
4 Dec 2021 1 minute read 0 comments spoopy_mulder $0.19
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! How a Startup Is Using the Blockchain to Protect Your Privacy https://www.wired.com/story/how-a-startup-is-using-the-blockchain-to-...
24 Nov 2021 1 minute read 0 comments Fizz on my Jayce $0.51
Hello everybody, Chainlink closed bullish yesterday as it is following Bitcoin’s footsteps. Right now we can see a bearish movement towards our supportlevel, but it still has room to decline. LINK will see a bullish impulsive move with the next bu...
22 Nov 2021 5 minute read 4 comments quantdoge $0.93
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...
18 Nov 2021 1 minute read 0 comments spoopy_mulder $0.24
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Oasis partners with Band Protocol to bring Open Finance to Mass Market https://medium.com/oasis-protocol-project/oasis-partners-wit...
17 Nov 2021 1 minute read 0 comments Fizz on my Jayce $0.20
Hello everyone, Chainlink bounced strongly of our weekly support level at $27.7 and now the price is at Point of control from the previous day(around $29.9). The short-term bias for LINK is bearish, but for now, the price should stay above weekl...
