Sirwin
Sirwin

ChainLink (LINK)

1,053 Articles 78,723 Followers

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.


Chainlink CCIP: The Final Multi-Chain Solution?

25 Jul 2023 4 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...

CHAINLINK: Rendering A Missing Link between off chain and on chain data; Analysis and Price Prediction

21 Jul 2023 2 minute read 1 comment Coins Reporter

Whether you're a blockchain enthusiast or just curious about the next big thing in crypto, Chainlink deserves your attention. The potential for this coin is huge, and the price of the LINK token has already seen gains recently. But the best is yet to...

Chainlink CCIP goes Live

18 Jul 2023 1 minute read 0 comments Keith Thuerk

Chainlink CCIP went Live! Chainlink first announced CCIP back in Aug of '21, and today July 18 2023 it went live on the mainnet.  What is CCIP? Cross-Chain Interoperability Protocol (CCIP) is a global open-sourced standard for decentralized inter-blo...

Understanding Oracle Attacks and Manipulation. Knowledge is Power!

26 Jun 2023 5 minute read 2 comments Michael @ CryptoEQ

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Unlocking the Secrets: Multisig Wallets Exposed in DeFi Jungle

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,...

Chainlink and Data Economy

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...

The Coolest Crypto Casino Ever - Get Your Bonus Fix Now!

12 Jun 2023 2 minute read 1 comment Louky

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DeFi Safety 102: Sandwich and Oracle Attacks

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...

DeFi 101: The Importance of Oracles and Chainlink

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...