ChainLink News
Twitter
- .@WorldofDypians has integrated #Chainlink VRF and Automation to create a more seamless and unpredictable gaming experience for ... March 24, 2023
- RT @steakhut_fi: SteakHut has integrated @chainlink Automation to transparently and reliably rebalance liquidity while removing ... March 24, 2023
- RT @DerbyStars_HQ: 🐴Exciting news!🐴 Derby Stars is thrilled to announce our integration with @chainlink VRF on @0xPolygon! htt... March 24, 2023
- RT @chainlink: Today, @kelmoujahid joined the #Chainlink community on Discord for a Q&A and provided an overview of his visi... March 24, 2023
- RT @ChainlinkToday: Companies working with @pwc_de will now also benefit from @chainlinklabs' support in building custom solutio... March 23, 2023
- RT @chainlink: .@kelmoujahid is now live on the official #Chainlink Discord answering community questions about recent and futur... March 23, 2023
- RT @Chainlink_IN: Big day for the #Chainlink Community! Join us today at 11:30 pm IST (1 pm ET) for our first-ever product Q&am... March 23, 2023
- RT @SpaceandTimeDB: Be one of the first to see a demo of #SpaceandTimeDB and @Chainlink Functions today at @Official_GDC 👀 3:30... March 23, 2023
- RT @LitLabGames: ✅ | @LitLabGames integrates @chainlink VRF on @CyberTitansGame's first NFTs The Chainlink Verifiable Random Fu... March 23, 2023
- RT @AinslieBullion: 🎉 Exciting news! Ainslie Bullion has integrated @chainlink Price Feeds to bring secure & reliable prec... March 23, 2023
Reddit
- Anyone can become a web3 developer, don't let others hold you back March 24, 2023submitted by /u/patrickalphac [link] [comments]/u/patrickalphac
- What Are Proof of Reserves? March 22, 2023By providing proof not promises regarding collateralization, Chainlink Proof of Reserve sets a new standard of transparency for stablecoins—such as TrueUSD's TUSD—and tokenized assets. Here's how PoR can help bring trillions of dollars of value on-chain: https://chain.link/education-hub/proof-of-reserves submitted by /u/chainlinkofficial [link] [comments]/u/chainlinkofficial
- Expanding Chainlink’s Reach As A Web3 Services Platform March 22, 2023submitted by /u/thelinkchain [link] [comments]/u/thelinkchain
- Not new to Crypto, but newish to LINK. Talk dirty to me about liquid staking or best pooling options. March 21, 2023As the title says, been in the game for a few years now. Always have known about LINK, always thought it was a solid project, just never dove in. I'm ready, gimme the low down. submitted by /u/ianm82 [link] [comments]/u/ianm82
- Chainlink Product Update: Q1 2023 March 21, 2023In this update, Chainlink Labs Chief Product Officer Kemal El Moujahid covers recent deployments and what's next for #Chainlink's wide range of #Web3 services, including: Data Feeds Functions Proof of Reserve DECO Automation VRF FSS CCIP Dive in. https://blog.chain.link/product-update-q1-2023/ Tune into Thursday’s Product Q&A on the Chainlink Official Discord, where Kemal will answer community questions […]/u/chainlinkofficial
- February 2023 Recap: Aave And TrueUSD Integrate Proof Of Reserve, StarkWare Joins SCALE, TP ICAP Becomes Chainlink Data Provider March 20, 2023submitted by /u/thelinkchain [link] [comments]/u/thelinkchain
- Games are changing. March 20, 2023submitted by /u/chainlinkofficial [link] [comments]/u/chainlinkofficial
- Weekly Wrap: This Week In Chainlink March 13, 2023 - March 19, 2023 March 20, 2023Chainlink News and Announcements Module #1: Chainlink Functions Deep Dive https://preview.redd.it/bpeg4mbrsuoa1.png?width=683&format=png&auto=webp&s=010bc113442681ffd689fe9fb246eaf2f3a0c978 Join the first-ever Chainlink Functions virtual workshop on March 29 with @chainlinklabs Developer Advocate @ZubinPratap! You’ll learn how to build a smart contract that uses Functions to pay out an artist based on their Spotify streams. ETHDenver BUIDLathon Top Projects The ETHDenver BUIDLathon […]/u/mikeferrer_chainlink
- Is Stake.Link safe for chainlink staking? March 18, 2023https://stake.link/staking-pools submitted by /u/DocRoshi [link] [comments]/u/DocRoshi
- UK Builders: Don’t Miss This Exclusive Chainlink Workshop at Cambridge Blockchain Society March 18, 2023March 21-22 University of Cambridge You'll learn how to write smart contracts, deploy NFTs, and connect to any API. Spots are limited—RSVP today: https://events.chain.link/events/details/chainlink-chainlink-united-kingdom-connected-smart-contracts-presents-chainlink-learn-web3-fundamentals/?utm_medium=organic-social&utm_source=reddit&utm_campaign=learn-uk&agid=8mb5i2d91j68&cnid= submitted by /u/chainlinkofficial [link] [comments]/u/chainlinkofficial
What is ChainLink?
ChainLink: A decentralized oracle service
Smart contracts have been a revolutionary technology brought to us by cryptocurrencies and the implementation of the blockchain in our lives. They provide us with a great way to conduct safe transactions, ensuring they’re only activated when every requirement (specified by users) are met.
However, smart contracts are still limited because of their dependence on the specific blockchain from which they’re issued. Blockchains offset this by using oracles that provide extra data for smart contracts but these are also centralized entities.
That creates a problem: data from oracles must be trusted to use them as a foundation for smart contracts. And data from a centralised oracle is vulnerable to manipulation.
That is where ChainLink comes in, a relatively new proposal (its ICO took place on September 19th) that looks to solve this issue.
1.The Company
ChainLink is a decentralised oracle service.
That means that is a service which provides information and data from external sources into smart contracts to help efficiency and trust in said contracts.
It serves as a connection between smart contracts from a specific blockchain and the external, off-blockchain world by letting them retrieve information unavailable in their specific environment such as bank account payments and by enabling cross-blockchain contact (as in public and private blockchains).
2.The team
ChainLink is a peculiar project because of how many developers it has: two. Yes.
a. Sergey Nazarov: Co-founder, CEO. Also credited as the Co-founder and CEO of Secure Asset Exchange, ExistLocal Inc, and Cryptamail. Part of a seven-person investment team that secured trades with companies including Pinterest and Riot Games.
b. Steve Ellis: Co-founder, CTO. Co-founder and Software Engineer at Secure Asset Exchange and Software Engineer at Pivotal Labs. He graduated from the New York University in computer science.
Besides, advisors include Hudson Jameson (Ethereum Community Manager), Evan Cheng (Director of Engineering at Facebook), and Brian Leo (CEO of Smith+Crown).
3.Market Use.
Smart contracts today are mostly limited to monetary transactions due to the lack of external data.
As stated on their website, “ChainLink is secure blockchain middleware that allows smart contracts on various networks to connect with the critical resources they need to become useful for 90% of use cases. ”
ChainLink allows smart contracts to be used for interest rates derivatives by enabling them to obtain market prices and data from insurance companies. They do so due to the availability of introducing data relevant to an insurable event, such as the time of an accident or information related to a structure, and even trade finances by offering information about shipments and estimated times of arrival.
Their LINK token’s use will be to pay node operators (those who operate nodes and provide external data to smart contracts on different platforms).
4.Mining.
The total token supply is 1billion, and no more will be created.
Thus, mining doesn’t generate new coins. Instead, 35% of tokens will be directed towards node operators, and anyone who wants to obtain data from one of these nodes will need to pay operators using LINK tokens.
The other way to obtain tokens would be through exchanges (so far, Binance, EtherDelta, and IDEX).
5.Investing Notes.
There are many tutorials available online (and linked on their Reddit page) on how to create nodes and become an operator.
Tokens are not needed to be operators. High-quality operators can be “endorsed” by ChainLink.
For more information, you may refer to the following addresses:
● official website: https://link.smartcontract.com
● official Reddit: https://www.reddit.com/r/LINKTrader/
● official Twitter: @Smart_Contract