A survey reveals investors are still bullish on Bitcoin and other cryptocurrencies despite the recent market drop.
Chainlink is a decentralized oracle network that allows public blockchains and smart contract platforms to bring external, off-chain data sources to on-chain operations with minimal trust in third parties. It is one of the most high-profile projects tackling the oracle problem — the ongoing challenge of bridging real-world data such as market stats, event outcomes and even the weather to blockchain without relying wholly on centralized data providers.
The roots of Chainlink go back to September 2014 with its parent company, SmartContract, which aimed to create a middle-layer infrastructure between blockchains and the real world. Its original solution relied on centralized oracles, which prompted the development of a decentralized alternative with the Chainlink network. In September 2017, Chainlink raised funds through an initial coin offering to the total of $32 million. The mainnet launched on Ethereum in June 2019.
Chainlink’s native token, known as LINK, is used to pay the network’s node operators, or oracles, for providing secure data feeds. Eventually, oracles will be able to stake LINK as collateral to provide data feeds to specific decentralized applications, bringing skin-to-the-game mechanics for added security and certainty.
Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider.71727
The firm will now be the preferred oracle partner for the Hedera network and provide integration for tokenization on Hedera.10337
The decentralized finance coalition has onboarded 22 leaders from 19 teams to help further its mission of bringing 100 million people into DeFi by 2025.21056
“UNI is in an excellent position to be a token for such an oracle,” said Buterin, in reference to decentralized pricing oracles for stablecoins.19179
Ethereum's increasing dominance has kept traders focused on altcoins but Bitcoin's struggle to hold above $59,000 could send the entire market tumbling.74538
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.98254
A Polygon DeFi platform says its custom architecture enabling real-time Chainlink price feeds gives traders an upper hand during high volatility events.10372
Bitcoin price may be stuck in a rut but this hasn't stopped traders from loading up on LINK, BAND and Qtum.89362
A smart contract platform aimed at the decentralized finance market seeks to make it easy to transfer DApps from clogged, expensive Ethereum to Polkadot.10004
Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.104774
Price oracles are playing a leading role in driving blockchain adoption.18502
In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network.21184
Today's Coinbase (COIN) listing is likely to remain a focal point that will dictate the short-term price action in Bitcoin and altcoins.102768
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.92728