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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.
17 Sep 2020 1 minute read 1 comment Sapphire
An Industry Developing Incredibly Fast Though consistency is key in pretty much every aspect of life and business, it is imperative in the world of Crypto. Things move, advance and develop at such a rate that if you are not consistently in the space...
16 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan
Crypto.com (CRO) has integrated decentralized oracle provider Chainlink (LINK) for its new DeFi service, according to a blog post published on September 14. The integration will provide decentralized price feeds for Crypto.com’s DeFi wallet Addition...
16 Sep 2020 1 minute read 14 comments pheonixdown-dee
The ChainLink (LINK) price has been decreasing alongside a descending resistance line since its Aug 16 all-time high. Unless the price is successful in breaking out above this resistance, the price movement is still considered corrective. LINK Brea...
16 Sep 2020 5 minute read 0 comments AlgoRhythm
In the past few months, we've seen an explosion of oracle tokens, in particular, Chainlink and Band Protocol. Just in the past 90 days, Chainlink has grown from a low of $3.68 to $19.85, while Band has grown from a low of just $0.99 to a high of $17....
14 Sep 2020 1 minute read 4 comments Sapphire
It Has Happened A while back I mentioned the possibility of DOT dethroning LINK from the number 5 spot on Coinmarketcap. Well, DOT has flipped LINK but BNB has surprised both to slip in and steal the number 5 position. At the time of mentioning this...
13 Sep 2020 7 minute read 3 comments CryptoChartWizard91
Hello traders! I’ve been relatively inactive with my analysis recently, so I decide to update some of the major altcoins out there - BNB, DOT, and LINK. Binance Coin Overview Binance Coin has been on an absolute rampage as of late and has managed to...
9 Sep 2020 2 minute read 20 comments PVMihalache
Even if the market is down, there are plenty of opportunities to grow the crypto portfolio. Earn Swipe (SXP) on Binance by holding Binance Coin (BNB). Over $16 million worth of Swipe (SXP) will be shared for 12 weeks, approximately 333,333 allocated...
8 Sep 2020 6 minute read 3 comments kodi0014
Do you remember the months of Covid lockdown? While much was happening almost in every country, with every government, new rules of social distancing, wearing masks as they were t-shirts, and I was working from home, I had some more free time, so I w...
7 Sep 2020 2 minute read 14 comments PVMihalache
MetaMask Thanks to my brother for stressing me out to make a Metamask account and to Mynima for this wonderful guide on how to link wallets. I can proudly say that now I have an up an running Metamask on Brave, plus the new Metamask app on the phone...
7 Sep 2020 4 minute read 13 comments johnwege
Only a few days ago, almost everyone in the crypto market was sure that we were in the midst of the next bull market, and then the rug was pulled out from beneath us. Bitcoin had dropped to under $10,000, Ethereum had dipped to around $300, Chainlin...
