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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.
15 Aug 2021 3 minute read 1 comment bdrum $0.49
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 $0.32
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30 Jul 2021 4 minute read 2 comments Michael Selge $0.40
Chainlink is a link between smart contracts and the real world. One of the most popular projects in the blockchain industry. In this article, we will consider what the essence of the project is, how it managed to break into the TOP 15 by capitalizati...
27 Jul 2021 1 minute read 1 comment spoopy_mulder $0.21
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Blockchain, Data, and Tokens: The Building Blocks of the Ownership Economy https://medium.com/oasis-protocol-project/blockchain-dat...
21 Jul 2021 1 minute read 2 comments coinsurprise $0.35
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20 Jul 2021 5 minute read 0 comments CryptoWingnut $1.44
Today I am going to explore Chainlink, a blockchain service that allows a Decentralized Application (DApp) to get real world data from a decentralized oracle service, instead of needing to rely on a centralized solution in order to get access to that...
18 Jul 2021 1 minute read 0 comments spoopy_mulder $0.37
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Hedge Funds are in. What are you waiting? (NFA) Oasis Labs Moving Big into Ownership Economy https://dappradar.com/blog/oasis-labs...
10 Jul 2021 1 minute read 0 comments spoopy_mulder $0.49
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9 Jul 2021 6 minute read 3 comments KryptoKulture $1.54
Chainlinking the Dots: Smart Legal Contracts via Hyperledger & The Accord Project with Docusign Written By: Isaiah Payton 7/8/21 It seems the terms “Chainlink”, “Smart Legal Contracts”, and now "Attested Oracles" should be looked at synonymou...
