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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.
26 Jun 2023 5 minute read 2 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
18 Jun 2023 1 minute read 1 comment Louky
Yo, peeps! Let's dive into the wild world of multisig wallets on the Ethereum blockchain. We gotta talk about some cool protocols like MakerDAO Oasis, Uniswap, Compound, and Aave, and how they handle their funds. Brace yourselves! So, MakerDAO Oasis,...
17 Jun 2023 2 minute read 2 comments Louky
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15 Jun 2023 2 minute read 0 comments fmiren
Introduction The rate at which data is increasing nowadays is fascinating. IDC, the global market intelligence firm, estimates that data will increase from 33 to 175 zettabytes in 2025. That is 175 followed by 21 zeroes! Despite the sheer size of dat...
12 Jun 2023 2 minute read 1 comment Louky
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25 May 2023 3 minute read 0 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...
23 May 2023 5 minute read 2 comments Michael @ CryptoEQ
You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading a...
15 May 2023 1 minute read 0 comments Crypto4light
Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with real-world data and external APIs. Smart contracts are self-executing agreements that run on blockchain platforms, and they lack the ability to access inform...
9 May 2023 2 minute read 0 comments Tamacti
Every author I have come across here on PublishOx has stressed this one important aspect of cryptocurrencies;RESEARCH.In my first ever article on PublishOx I shared some tips on how to carry out a proper research on cryptocurrencies. Today I am going...
8 May 2023 4 minute read 2 comments Andrey Didovskiy
*Note, SWOT is an analysis of operational/fundamental elements. This is not a model to be used for technical or trading purposes. (NFA, DYOR) Composed of four elements, Strengths, Weaknesses, Opportunities, and Threats, a SWOT analysis framework pro...
