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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.
1 Sep 2021 5 minute read 1 comment SwapSpace
Chainlink Fundamental Analysis Chainlink (LINK) is an ERC-677 token powering Chainlink — one of the pioneering blockchain oracle projects, launched in 2017. Chainlink’s oracle solution provides universal connectivity for smart contracts by bring...
31 Aug 2021 4 minute read 0 comments DailyCoin
Visit DailyCoin for more articles. Chainlink has lived up to expectations in the last four years, by linking smart contracts to verifiable data. Chainlink has taken its objective to new levels and is integrating weather data from Google Cloud...
29 Aug 2021 3 minute read 3 comments Exponential Crypto
Chainlink is well known for their oracles and being the go-to project for where smart contracts interact with data. One such Chainlink product is their VRF. Today I'm going to look at how Chainlink, Rug Pulls, and one of the biggest giveaways in cryp...
28 Aug 2021 3 minute read 4 comments JHarri
In January I knew ETH was about to take off so I bought 4 and put them onto my wallet. Then I got into the YouTube rabbit hole and discovered HEX. Then I was told Richard Heart was a scammer and HEX was a ponzi scheme, so I got into the next best thi...
23 Aug 2021 4 minute read 1 comment Phuture
Phuture is pleased to announce that Chainlink Price Feeds will be the de facto source of truth for asset pricing on Phuture. Phuture will be integrating 33 Chainlink Price Feeds as part of its mainnet launch, with plans to add more over time. Phuture...
20 Aug 2021 3 minute read 7 comments GetBlock
Chainlink (LINK), a decentralized oracles network, has evolved into a building block of a modern DeFi ecosystem. Chainlink (LINK) has proudly earned a spot in a small cohort of cryptocurrency projects that are building holistic cutting-edge technical...
17 Aug 2021 2 minute read 1 comment VVoytila
Have you heard of Chainlink? Of course you have. It was the coin that, if we are to believe 4chan's infamous but equally glorious /biz/, a bunch of BTC whales considered good enough to pump. What we can say with certainty is that LINK is one of the f...
15 Aug 2021 3 minute read 1 comment bdrum
Hey! This time we are going through one of the most interesting and controversial projects in the ETH sphere: SYNTHETIX (ticket: SNX) This article won’t go deep on the SNX fundamentals, but it’s more focused on the upcoming move to L2-OPTIMISM and...
12 Aug 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!!! Parcel Office Hours: Upload your first document https://www.youtube.com/watch?v=jq4iGjcbVh8 Fireside Chat: Dawn Song & Avichal Garg...
12 Aug 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 Labs Joins Forces with Binance to Launch CryptoSafe Alliance https://medium.com/oasis-protocol-project/oasis-labs-joins-force...
