Chainlink News

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. 

Sponsored
The creators of an immersive digital metaverse have integrated Chainlink — and already, a plethora of fascinating use cases have emerged.
Chainlink integration means metaverse can truly reflect the real world
Connor Sephton
2021-06-18T07:12:37+01:00
2606
News
A survey reveals investors are still bullish on Bitcoin and other cryptocurrencies despite the recent market drop.
Bitcoin investors more bullish than ever despite 50% price crash: Survey
Greg Thomson
2021-06-15T09:18:37+01:00
18093
Market Analysis
Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider.
Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio
Jordan Finneseth
2021-06-05T00:00:00+01:00
71921
News
The firm will now be the preferred oracle partner for the Hedera network and provide integration for tokenization on Hedera.
Chainlink Labs joins Hedera Governing Council
Turner Wright
2021-05-20T21:00:00+01:00
10347
News
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.
GoodFi coalition adds 22 industry leaders to help attract 100M to DeFi
Samuel Haig
2021-05-14T05:08:10+01:00
21081
News
“UNI is in an excellent position to be a token for such an oracle,” said Buterin, in reference to decentralized pricing oracles for stablecoins.
Vitalik Buterin says Uniswap should become an oracle token
Sam Bourgi
2021-05-12T18:00:00+01:00
19200
Price Analysis
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.
Price analysis 5/10: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, LINK
Rakesh Upadhyay
2021-05-10T21:11:34+01:00
74568
Price Analysis
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in the...
Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, LTC, LINK
Rakesh Upadhyay
2021-05-09T18:58:29+01:00
98325

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