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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.


While Everyone was Panicking, I Was Buying!

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...

Band Protocol AND Sushi?! FUD or the masterminds behind the exit scam?

7 Sep 2020 1 minute read 1 comment Chewna

I am writing to you now after reading Band Protocol's official statement on Medium: Band Protocol's official statement So if you don't want to read it fully, I'll give you a brief overview. As many of you who are on twitter have seen, NomiChef dumped...

How We Earned $70 Cash with PureProfile And Bought Crypto With It.

6 Sep 2020 5 minute read 9 comments Bragato18

I found out about the PureProfile site through a guy I worked with. We had been discussing things crypto and I had told him how we had been buying small amounts of crypto each week, with what ever $$$ we had spare that week. Plus we were participatin...

Crypto crisis: Bitcoin sinking and Link targeted by hackers!

6 Sep 2020 2 minute read 18 comments PVMihalache

What a horrible week for Bitcoin and the crypto market, with "the king" diving below $10,000 on the 4th of September. The dive was a result of selling pressure and an increased back-up for the US dollar. If Bitcoin lost over 10% of its value, Ethereu...

Buy the dips, think long term.

5 Sep 2020 1 minute read 4 comments kodi0014

Hey people. A big opportunity lately. Crypto is down and that is bad news for near sighted people. For us Hodlers, it is time to buy.  I expect this crash to go on until 20 September, and during these two weeks (where I expect that on 16-17 September...

Chainlink And Neo Added To Free Cryptos

3 Sep 2020 3 minute read 37 comments Bragato18

I first discovered Free Cryptos at the beginning of 2019 during my Faucet Phase. Back then they only had the Bitcoin, XRP, Cardano and NEM sites running. At the time I was working nightshift in the mines and had a lot of spare time up my sleeve. So I...

My Crypto Earnings This Month (August Passive Income)

2 Sep 2020 4 minute read 4 comments johnwege

It is the beginning of a new month and that also means that it is my favorite time of the month.  It is the time that I collect on my passive income in crypto.  This has been an ongoing self-journey of mine, where each month I like to record how I ha...

AdEx Network's Staking Roadmap: Chainlink & Polkadot Integrations and more (+ Infographic)

1 Sep 2020 3 minute read 3 comments dmngdsm

In late 2018, we announced the AdEx Registry - a system where validators can stake ADX against their performance and reliability to secure the AdEx Network. At the end of 2019, we launched the AdEx staking portal, where anyone can stake ADX towards v...

Hot New AltCoin! DOS Network | How to Buy & Stake for a HUGE Return

31 Aug 2020 1 minute read 0 comments Jay Fried

Hot New AltCoin! DOS Network | How to Buy & Stake for HUGE Return A Decentralized Oracle Service Network to Boost Blockchain Usability with Real World Data and Computation Power The Oracle ProblemBlockchain empowered smart contracts are isolated fro...

What is Chainlink? — A Deep Dive

31 Aug 2020 4 minute read 0 comments NOWNodes

Originally published in the NOWNodes blog.A smart contract requires real-world data for execution. So, how does it get real-world data? It leverages decentralized oracle networks to provide data from outside the blockchain. ChainLink provides the dec...