ChainLink - Oracles & Smart Contracts
Updated
ChainLink (LINK) specializes in Smart contracts (if you did not know, it is any "agreement" between two entities). They represent a solution for code overwrite problems or the use of external information. Generally, similar things appear in a centralized world, but even in decentralized ones, similar mistakes appear and people are making money.
What they created, they named the Secure Oracle Network. Oracle defines an entity that oversees the system. This network is not just about decentralization, but it also mentions the use of equity interest, insurance (IoT) or supply chain (GPS).
It literally builds the bridge between on-chain and off-chain.
On-chain is defined as the Oracle network, which operates through three contracts.
1. Reputation
2. Matching
3. Total / Resultant
Off-chain is anything except Blockchain. Node ChainLink will collect data from either script or API from here.
Ideal procedure:
User creates Oracle request -> Oracle takes "message" -> Oracle requests off-chain data -> Oracle validates -> Oracle informs the user.
Below, you can think of, for example, the Smart Contract functionality
Token LINK will be used to reward Nodes drawing off-chain data, processing them.
Telegram: 3.1k users
Twitter: 8k followers - Active
GitHub: Active
CEO, Sergey Nazarov, has been in cryptography since 2011.
The CTO, Steve Ellis, has experience from Pivotal Labs.
Other software engineers are also from Pivotal Labs with experience in automation / smart contracts or anonymity.
If you interested in the project, here is my perspective on a potential buy.
I'm putting a strike in the spot where (some) might see a hidden gap, a place where the price should fall. Funded views see the price even lower.
Purchase is on you.
What they created, they named the Secure Oracle Network. Oracle defines an entity that oversees the system. This network is not just about decentralization, but it also mentions the use of equity interest, insurance (IoT) or supply chain (GPS).
It literally builds the bridge between on-chain and off-chain.
On-chain is defined as the Oracle network, which operates through three contracts.
1. Reputation
2. Matching
3. Total / Resultant
Off-chain is anything except Blockchain. Node ChainLink will collect data from either script or API from here.
Ideal procedure:
User creates Oracle request -> Oracle takes "message" -> Oracle requests off-chain data -> Oracle validates -> Oracle informs the user.
Below, you can think of, for example, the Smart Contract functionality
Token LINK will be used to reward Nodes drawing off-chain data, processing them.
Telegram: 3.1k users
Twitter: 8k followers - Active
GitHub: Active
CEO, Sergey Nazarov, has been in cryptography since 2011.
The CTO, Steve Ellis, has experience from Pivotal Labs.
Other software engineers are also from Pivotal Labs with experience in automation / smart contracts or anonymity.
If you interested in the project, here is my perspective on a potential buy.
I'm putting a strike in the spot where (some) might see a hidden gap, a place where the price should fall. Funded views see the price even lower.
Purchase is on you.
Note
We aren't here for quick gains, even if 5 % is nice gain. We want accumulate. And Bitcoin is helping us. You can sell there for small profit, then, buy again or wait for lower support.
Note
Was yesterday profit fair enough? I would say so. It gained us max 17 % which is really nice. Close now? Oh hell NO.
We can repeat our process. Buy and Sell.
And what is really !IMPORTANT!:
We can expect more falling.
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