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As Chainlink Grows From Smart Contracts, LINK Will Push Higher
https://www.nasdaq.com/articles/as-chainlink-grows-from-smart-contracts-link-will-push-higher-2021-05-17
This Crypto Subsector Coming for Banks and Fintech, Says Chainlink Founder Sergey Nazarov
The CEO of Chainlink Labs Sergey Nazarov is saying the nascent decentralized finance (DeFi) space could emerge as a primary competitor of banks and financial technology (fintech) firms.
https://dailyhodl.com/2021/05/18/this-crypto-subsector-coming-for-banks-and-fintech-says-chainlink-founder-sergey-nazarov/
Looks like maybe ChainLink has finally decoupled from BTC??
Unstoppable Domains and Brave to Provide Millions of Users Access to the Decentralized Web
SAN FRANCISCO — May 13, 2021 — Blockchain domain name provider Unstoppable Domains today announced a collaboration with privacy-oriented web browser Brave that enables native browser support for the crypto domain name company. With the latest Brave browser update, Brave users on desktop and Android platforms have access to 30,000 decentralized websites and 700,000 blockchain domain names registered with Unstoppable Domains.
“We are excited to work with Unstoppable Domains to enable decentralized DNS to a wider audience. At Brave, we see Web3 as a stepping stone to the future of digital ownership and decentralization,” said Brian Bondy, co-founder and CTO of Brave. “Unstoppable Domains was a natural fit for us, giving our users access to the decentralized web with the ability to visit any .crypto domain name. From registering .crypto domains to hosting an NFT art gallery, to sending and receiving crypto, the possibilities are limitless for Brave users.”
https://brave.com/unstoppable-domains/
Info related to earlier pos: WISE Token
WISE is the best way to earn crypto|
WISE is an innovative cryptocurrency designed to be a highly secure store of value that can be easily staked to earn trustless interest. Like bonds, certificates of deposit, and time deposit bank accounts, longer stakes provide higher yields.
https://wisetoken.net/
Wise Token Will Integrate Chainlink Price Feeds to Secure its New Lending and Borrowing Platform
Following the success of its ETH and BNB liquidity pool events, WiseSoft announces an upcoming integration with the widely used and trusted Chainlink Price Feeds, delivering on another of its roadmap promises — having a secure and reliable decentralized oracle mechanism to power its DeFi platform. The Wise lending and borrowing smart contract will utilize Chainlink Price Feeds to determine the real-time value of assets, enabling it to issue fair market loans and secure its liquidation mechanism.
https://devinmarty.medium.com/wise-token-will-integrate-chainlink-price-feeds-to-secure-its-new-lending-and-borrowing-platform-7e8f5da70df5
BENQI Will Use Chainlink Price Feeds Natively on Avalanche to Secure Its Protocol
BENQI is excited to announce our upcoming integration of the widely used Chainlink Price Feeds — pre-built and time-tested decentralized oracle networks that provide high-quality price data on-chain for various cryptocurrencies, foreign exchange rates, commodities, stocks, indices, and more. By being one of the initial protocols to leverage Chainlink on Avalanche, BENQI will decentralize one of the fundamental components within the protocol: the price oracle.
Chainlink Price Feeds are a critical component to securing key on-chain operations within BENQI’s algorithmic liquidity markets, particularly around supplying accurate and up-to-date price data to smart contracts when calculating lending rates and checking liquidation thresholds. Already proven to be the industry standard for decentralized price oracles, our integration with Chainlink will ensure the BENQI protocol has highly reliable and tamper-proof data feeds on all the assets offered in our lending and borrowing markets.
https://benqifinance.medium.com/benqi-will-use-chainlink-price-feeds-natively-on-avalanche-to-secure-its-protocol-c5d682cb05c8
Recovering from 2nd Musk induced negative sentiment on the crypto market this month....we've got another 7 months to go just this year.
Hey lakingsphan....I bought most of my Grantcoin in January for $ .39 to $ .50. Still hodling all of it.
Looks like the people who sold Link in the last few days have finally sobered up.
Now, they'll get rewarded with having to pay taxes on any gains they had in 2022.
4 Tips to Save on Your Crypto Taxes and Accounting
https://www.zenledger.io/blog/4-tips-to-save-on-crypto-taxes
As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin
https://www.cnbc.com/2021/05/13/bitcoin-btc-price-falls-after-tesla-stops-car-purchases-with-crypto.html
THANKS MUSK!11
Also, Chainklink is one of the best cryptos as a hedge against inflation.
Why?
Because there was and is a total and maximum supply of 1,000,000,000 LINK tokens.
Dollars can be printed day and night forever increasing the number in supply. Chainlink tokens are forever limited in number, unlike cryptos that can be mined, divided, or otherwise increased in number.
Interesting: Stocks across the globe are falling with fears of inflation.
Panicky crypto hodlers are selling because stocks are falling.
Cryptocurrencies are a hedge against inflation. They are what is replacing or alternatives to paper money that has being printed at trillions of dollars a month, leading to inflation. Similar to gold, cryptos will go up faster in times of inflation. Yet, the unknowledgable continue to sell.
Sellers of cryptos, right now, is like selling gold right now.
Just sayin'. Good time to buy.
Support at 50?
Learned some things I didn't know about oracles from this video. Thanks Kick.
Nice. We're only in the first week of May and already $50ish.
LINK has gone up over $10 in May alone. What will the last 7 1/2 months bring? LINK is just starting to get some recognition.
Also:
Cardstack integrates Chainlink price feed oracles into its creator payment platform Card Pay
Cardstack, a blockchain-powered open-source protocol, today announced it will be integrating Chainlink into Card Pay — a consumer-facing crypto payment and reward platform. Cardstack will use Chainlink Price Feeds to establish accurate and tamper-proof exchange rates on the platform, beginning on the xDAI chain; but with a planned expansion to other blockchains and layer-2 solutions.
Most DeFi price feeds today are used for trading and financial product use-cases, focusing on the needs of investors, token holders, or market makers. Yet, as crypto gains more mainstream attention; especially due to the many scalability solutions being made possible by layer 2 and other blockchain innovations, payment use-cases are becoming increasingly important.
https://www.cryptoninjas.net/2021/05/06/cardstack-integrates-chainlink-price-feed-oracles-into-its-creator-payment-platform-card-pay/
It means Basic Attention Token (BAT), has gained 5 million more users of their Brave software in the last 2 months:
https://brave.com/25m-mau/
Chainlink’s Network is Growing at a Rate of 12% Per Month – Analyst
o Chainlink’s network is growing at a rate of 12% per month
When compounded, Chainlink’s network is growing at a rate of roughly 300% per year
o The price of LINK is related to function calls on the network as demonstrated through Metcalfe’s Law
o Therefore, LINK’s recent all-time high was organic and a sign of additional growth to come
https://en.ethereumworldnews.com/chainlinks-network-is-growing-at-a-rate-of-12-per-month-analyst/
Bought more with this dip. Ready for the next leg up after some consolidation. YE price is going to be exciting.
SmartZip Brings Real Estate Data to the Blockchain with Chainlink
SmartZip will launch a Chainlink node and offer predictive analytics data across decentralized blockchain networks, extending their datasets into emerging blockchain markets and provisioning new types of real estate products and markets.
https://www.prweb.com/releases/smartzip_brings_real_estate_data_to_the_blockchain_with_chainlink/prweb17902215.htm
Volume is picking up....price will follow.
It was a Coinbase chart. I think you're right. It's probably not accurate. Thanks.
However, I was focused on Bitcoin Cash vs ChainLink. Those positions may have changed overnight.
Here's part of an article from 14 hours ago:
Bitcoin Cash Price Prediction: Is BCH a Buy or Sell in May?
"The Bitcoin Cash price is paring some of the losses it made during the American and Asian sessions. BCH is trading at $970, which is slightly above $945, where it declined to a few hours ago. It is about 40% above the lowest level on April 23. Bitcoin Cash has a total value of more than $18 billion.
What happened: Bitcoin Cash, like other altcoins, has a close correlation with Bitcoin. Since BCH trades at less than $1,000, many retail traders prefer trading it than BTC, which trades at more than $50,000.
Therefore, in most periods, the BCH price tends to decline when BTC falls. And in the overnight session, Bitcoin declined as more investors rotated from BTC to Ethereum. Ether has surged to an all-time high of more than $3,200..."
https://www.investingcube.com/bitcoin-cash-price-prediction-is-bch-a-buy-or-sell-in-may-cryptocurrencies/
And that $100,00 will be over $200,000 by YE.
What's your retirement target. (i.e. stop working for someone else and live on your investing).????
There's so much (where ChainLink is going) just starting to unfold:
With DONs (Decentralized Oracle Networks as a springboard, Chainlink plans to focus on advances in seven key areas:
• Hybrid smart contracts: Offering a powerful, general framework for augmenting existing smart contract capabilities by securely composing on-chain and off-chain computing resources into what we call hybrid smart contracts.
• Abstracting away complexity: Presenting developers and users with simple functionality eliminates the need for familiarity with complex underlying protocols and system boundaries.
• Scaling: Ensuring that oracle services achieve the latencies and throughputs demanded by high-performance decentralized systems.
• Confidentiality: Enabling next-generation systems that combine blockchains’ innate transparency with strong new confidentiality protections for sensitive data.
• Order-fairness for transactions: Supporting transaction sequencing in ways that are fair for end users and prevent front-running and other attacks by bots and exploitative miners.
• Trust-minimization: Creating a highly trustworthy layer of support for
smart contracts and other oracle-dependent systems by means of decentralization, strong anchoring in high-security blockchains, cryptographic techniques, and cryptoeconomic guarantees.
• Incentive-based (cryptoeconomic) security: Rigorously designing and robustly deploying mechanisms that ensure nodes in DONs have strong economic incentives to behave reliably and correctly, even in the face of well resourced adversaries.
We present preliminary and ongoing innovations by the Chainlink community in each of these areas, providing a picture of the broadening and increasingly powerful capabilities planned for the Chainlink network.
Swept right by the "old" ATH....
Research Summary: Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks (DONs)
https://www.smartcontractresearch.org/t/research-summary-chainlink-2-0-next-steps-in-the-evolution-of-decentralized-oracle-networks/300
Informative video Kick....thanks for sharing.