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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.
28 Jun 2021 1 minute read 3 comments Defiant Pathfinder
Crypto has been drowning deep in the sea since the bears have been charged. Now the global capitalization is showing good signs as we are now sitting on 7.38% which is a sign of improvement. Even Bitcoin has resurrected and now trading above $34.000....
26 Jun 2021 1 minute read 3 comments Defiant Pathfinder
For a crypto asset to be well recognized and well trusted by investors and users then iyt means it should get listed on larger exchanges. Just like what happened with coin-base when it got listed on NASDAQ this brought some positivity on the crypto m...
25 Jun 2021 1 minute read 0 comments TheCryptokeeper
Chainlink's partnership with SWIFT is a step towards integrating its crypto token into the international banking system, and helping it gain legitimacy in the mainstream, one of the latest in a slew of deals that connects the LINK to a major financia...
24 Jun 2021 1 minute read 2 comments Spryquasar
The Canadian centralized exchange Newton adds five decentralized finance (DeFi) related coins to trade on it's platform. Polygon's Matic, Uniswap's UNI, Compound's COMP, Chainlink's LINK and AAVE from Aave. These are all cryptocurrencies that I find...
24 Jun 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!!! Spotlight: Castalise An in depth look at some of the projects building on Parcel. https://medium.com/@oasislabs/6094bac54607 Annie'...
23 Jun 2021 1 minute read 2 comments spoopy_mulder
Hello everyone, Breadcrumbs of today, this is not financial advice, remember to DYOR before investing. Take care!!! Members - Confidential Computing Consortium https://confidentialcomputing.io/members/ How scientists are embracing NFTs https://www...
22 Jun 2021 1 minute read 1 comment TheCryptokeeper
The long rumored SWIFT/LINK connection is finally coming to light as their relationship develops, as can be seen in the summary of the recent "Smarter Securities" event, just held on 15 June 2021. These imply some exciting developments that are soon...
21 Jun 2021 3 minute read 2 comments JHarri
I’m not a financial advisor and this article is for entertainment purposes only. People lose money in crypto. Trade at your own risk. Viewing cryptocurrencies in comparison to BTC rather than USD is a valuable metric. If we view BTC as the golden chi...
21 Jun 2021 3 minute read 18 comments Hamminy
I can't stand when people blindly follow stupid quotes in trading without even knowing where they came from or what they mean. Fuckin everyone misquotes Warren Buffett thinking that you can blindly make money in the market by using "value investing"...
20 Jun 2021 2 minute read 2 comments TheCryptokeeper
If you consider this article investment advice, also consider having yourself committed at a mental asylum. "I have LINK on nexo and an outstanding loan I've yet to pay back. How will a mass LINK withdrawal from nexo affect me? I don't see how it w...
