ChainLink is a decentralized blockchain oracles service. The digital currency of ChainLink has facilitated the use of contracts that connect to applications, payment systems, transactions. This technology allows users to exchange assets without the involvement of third parties.
Oracles transform information from outside into a form available to blockchain. Digital contracts need to be filled with information from the outside world. Financial contracts should be supplemented with information on market relations. Insurance contracts find the necessary information in IoT relating to insurance claims. In case of investment contracts there is a check of the GPS data. Transactions can be made without the involvement of third parties, if users fulfill the conditions in a certain order.
- Expanding the Chainlink Bug Bounty ProgramChainlink - 2 days agoThe Chainlink Bug Bounty Program now provides $100,000 in cash or LINK for the responsible disclosure of critical vulnerabilities in the Chainlink codebase. __ATA.cmd.push(function() {…
- Chainlink Achieves Major Scalability Upgrade With the Mainnet Launch of Off-Chain Reporting (OCR)Chainlink - 4 days agoChainlink’s newest core client reduces network operating costs by up to 90% and enables Chainlink oracles to bring 10x more data on-chain to power smart…
- Brand-Based vs. Math-Based AgreementsChainlink - 5 days agoChainlink Co-founder Sergey Nazarov explains the shortcomings of brand-based agreements and how math-based smart contracts eliminate counterparty risk and increase transparency in global financial markets.…
- Announcing the Spring 2021 Chainlink Virtual HackathonChainlink - 6 days agoRegistration is now open for Chainlink’s Spring 2021 Virtual Hackathon. Compete for $80k+ in prizes, tune into technical workshops with top Web3 projects, and connect…
- block42 Receives Grant to Natively Integrate Chainlink on FantomChainlink - 1 week agoblock42 receives a community grant to natively integrate Chainlink into the Fantom Network, allowing for the creation of externally-connected smart contract applications on Fantom. __ATA.cmd.push(function()…