Leveraging blockchain technology and partnerships with Polygon and Chainlink, one online poker platform is positioning itself to reach new audiences with guaranteed fairness in a play-to-earn setting.
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.
If bulls flip $52,000 to support, Bitcoin could see a substantial breakout that is likely to pull more buyers into select altcoins.51590
The price of LINK also surged in the wake of a marketwide bullish boom, wherein Bitcoin and its top rivaling altcoins jumped in tandem.14202
This week’s sharp rally in Bitcoin and Ether signals that bulls are back in control and altcoins are likely to follow.62186
LINK price is struggling to maintain its bullish momentum, but derivatives data shows a clear path to $40 in the long term.16649
Derivatives data and recent protocol developments signal that retail traders have turned bullish on FIL.21495
Chainlink’s data oracles are now live on Arbitrum One, with the team also planning to soon launch its Proof of Reserve and verifiable random function on the layer two.11084
Bitcoin and most major altcoins remain above their respective 200-day moving average, but the market's momentum will depend on whether BTC can pierce the $48,000 level.36990
Bitcoin’s break above the 200-day SMA suggests that the downtrend could be over, and that may pull buyers back into altcoins.38872
Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending.41042
"Making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets,” said Dominic Vincenz.4313
Bitcoin price has hit a few barriers, but many altcoins appear positioned for continuation.31350
Bitcoin’s sharp rally brought out the bulls, and if the momentum continues, UNI, LINK, SOL and XMR could move higher.18204
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.36540
Chainlink is onboarding new partners twice as fast in 2021 compared to 2020.7095