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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 Mar 2021 2 minute read 15 comments CryptoSnarf
Two New Coins Added The two new coins are going to be $LINK and $BUSD (Binance's USD-backed stablecoin). Although I do not own either of those coins it is great to see that BlockFi is listening to the community. There were a lot of requests for $LINK...
1 Mar 2021 3 minute read 4 comments Nas.A
Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will tell you about the "Important Development in CHAINLINK" that I have been following closely. I have mentioned LINK many times in my previous...
28 Feb 2021 4 minute read 10 comments Austin Reihl
Chainlink is launching Off-Chain Reporting (OCR), a scalability upgrade to make more data available on-chain. The OCR solution is a scalability solution that aggregates data off-chain. This scalability upgrade is a breakthrough for the decentralize...
26 Feb 2021 1 minute read 0 comments idm
This post examines LINK/USDT price and volume movement from Jan-01 to Feb-26. The first week of 2021 saw LINK's low-volume climb from 11 USD up to 17 USD. Two relatively high volume sell-offs occurred around 17 USD. By January 14, LINK started a hig...
26 Feb 2021 3 minute read 11 comments StealthEX
What is Chainlink Crypto? Chainlink is a decentralized network of oracles that connects smart contracts on any blockchain with external services. The project was developed by Sergey Nazarov and Steve Ellis in 2017. The Chainlink team’s main goal is t...
25 Feb 2021 1 minute read 2 comments Savastano
Last days we are in the local bearish trend. And Im curious - what are You doing right now?Are You buying more crypto?Are You selling crypto with profits?Or You are a newbie and You become a part of the FUD and panic sell, so now You selling crypto w...
22 Feb 2021 1 minute read 0 comments Cryptofab
Bitcoin's expected correction is happening today, in sync' with tech stocks since Nasdaq is decreasing too. BTC will likely rebound when Nasdaq turns green. Most of the altcoins have dumped further to BTC correction - e.g. ETH, LTC and LINK which are...
22 Feb 2021 1 minute read 2 comments Sp427
Bored of crash and dice? One of the unique features of Betfury.io is the numerous high quality games of all kinds. Through playing Betfury.io, I found a fun and profitable strategy in the game stairs. Stairs is an exciting game because of the randomn...
21 Feb 2021 1 minute read 5 comments Jw1
Chainlink (LINK) To Touch $40 Anytime Soon: Chainlink after being there at the $35 mark, can now retest its support levels. Chainlink (LINK) is a potential crypto and that it capability it have shown us many times. According to the top analysts...
21 Feb 2021 1 minute read 7 comments Sp427
Crash gambling is one of the most popular forms of crypto-gambling. Watching the numbers rise and hoping it does not crash is a thrill that many enjoy. Through playing crash, specifically on TrustDice.win, I have learned a strategic way to profit off...
