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ChainLink (LINK)

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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.


LINK Off-Chain Data to Smart Contracts: Chainlink

8 Jun 2022 5 minute read 2 comments Swapzone

If you are an avid fan of anything but cryptocurrency and blockchain, then you must have come across the blockchain project known as Chainlink. Chainlink’s existence dates back to 2014 when a non-profit organization popularly known as SmartContract L...

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7 Jun 2022 1 minute read 0 comments InsideCrypto

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7 Jun 2022 1 minute read 0 comments Joao16

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4 Jun 2022 1 minute read 0 comments Keith Thuerk

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29 May 2022 1 minute read 1 comment Biologist25

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22 May 2022 6 minute read 0 comments Mike Bivens

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22 May 2022 4 minute read 0 comments Mike Bivens

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