Chainlink

Chainlink is the frontrunner in the emerging niche of decentralized oracle networks. In less than three years since its release, it has become the favorite instrument for linking smart contracts with off-chain, real-world applications. The most popular oracle service has already struck partnerships with some of the world's biggest brands, including Google and Microsoft. Furthermore, its native token, LINK, has surged to become the 5th-largest cryptocurrency by market capitalization. In 2020, DeFi and DApp developers turn to Chainlink whenever they…

There's been a lot of talk surrounding the capabilities and functionality of Chainlink lately. This revolutionary protocol seeks to eliminate many of the most common issues encountered by oracles today. Consequently, Chainlink has the potential to revolutionize the sector. What are Oracles? Oracles are third-party sensors that can trigger smart contracts. Importantly, these sensors do not live on the blockchain. Instead, they function as intermediaries. Specifically, oracles translate off-chain data to smart contracts on the blockchain and back again. For…

Chainlink, an ETH-based blockchain designed to connect smart contracts to external data sources, has seen incredible growth in the recent past.   The network's utility token (LINK) now appears unstoppable after gaining 12.3% against the US dollar in the past 24 hours.  This surge saw the popular altcoin hit an all-time high of $19 before it gained a further 0.95% to trade at $19.175 during press time. Let us examine the various events surrounding LINK in the recent past and what analysts…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $369 billion. Bitcoin continues to trade just a little under $12,000 Ethereum equals 2018 and 2019 highs after reaching $438 XRP drops below the $0.28 support but regains 6% towards the weekend Chainlink continues to surge with another impressive 70% increase. Crypto Trends 10th - 16th of August 2020: PERFORMANCE & ANALYSIS The cryptocurrency…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $353.6 billion. Bitcoin keeps a solid uptrend as it dangles between $11k and $12k Ethereum increases by more than 15% to finish just below the $400 level. XRP rises to $0.30 after a spectacular 24% increase in value Chainlink registers a breathtaking 60% increase throughout the week Crypto Trends 03rd - 09th of August…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $270 billion. Bitcoin sways between $9,000 and $9,300 on a neutral trajectory Ethereum drops by more than 2% and fails to overcome the $250 barrier. XRP drops below $0.20, but it bounces back to trade in green on the weekend A historical hacking of Twitter sees some of the world’s most popular accounts “ask”…

On July 16, 2020, Zeus Capital, a firm that focuses on fund management and independent research, published a paper full of allegations about Chainlink's credentials and infrastructure.  The report titled "The Chainlink Fraud Exposed", describes the token, which is currently in the top 10 by market capitalization, as "the Wirecard of cryptocurrencies". Zeus Capital analyzes all aspects of the LINK project and accuses Chainlink of market manipulation through the classic pump and dump schemes.  Essentially, these are makeshift transactions aimed…

Chainlink will be pivotal to bringing data to smart contracts. That is, according to  Humphries, a former NBA star.  In a recent tweet, Mr. Humphries suggested that smart contracts will be crucial to human interactions.  He averred that Chainlink was the only solution capable of bringing data to smart contracts securely and trustlessly. "The world increasingly relies on data. Smart contracts will be no different. Chainlink is the only solution to bring data into smart contacts in a decentralized, secure…