Sergey Nazarov: there is a demand for Chainlink VRF from other chains like Matic.
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.
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.17007
Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.28818
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.18950
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.11182
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.17968
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.19960
Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.18817
Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.14053
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive.25875
Bitcoin and a few altcoins continue to push against resistance at higher levels, suggesting that the uptrend may resume soon.13722
Bitcoin and altcoins may hit a few roadblocks in the short-term as they near stiff overhead resistance levels, but the overall trajectory remains bullish.17343
Are the KuCoin hackers DeFi noobs?15040
Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.20039
Famous day trader Dave Portnoy says he misses crypto in a candid interview with Anthony Pompliano.31679