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Chainlink was founded in 2014 by SmartContract.com in the hopes of creating a bridge between external data sources and public blockchains. In the years since, the Chainlink network has grown significantly and was recently recognized by the World Economic Forum as one of the 100 most promising Technology Pioneers of 2020.
As its parent company name would suggest, Chainlink is focused on expanding the capability of smart contracts by enabling access to real-world data, events, payments, and more, without sacrificing any of the security or reliability blockchain has become known for.
In a recent report by Citi Group, it was forecasted that Chainlink may eventually gain prominence over bitcoin. Developers that use the Chainlink network pay using the protocol’s native token, LINK, which helps facilitate the growth of the on-chain ecosystem. As it becomes more critical to the larger blockchain infrastructure over time, it’s not out of the question to some experts for LINK to gain prominence over bitcoin.
Chainlink has seen a price boom of its own of late, having increased by nearly 600% in the last year.
https://www.computenorth.com/5-of-the-fastest-growing-cryptocurrencies/
14% of Americans Own Crypto Right Now – Here’s Who’s Actually Doing It Right
...the number of crypto investors is set to double this year, according to the report, that profile could change. Today, more than 21.2 million adults, or about 14% of the U.S population, own cryptocurrency such as Bitcoin or Ethereum. Gemini’s research revealed that about 13% of those polled shared intentions to purchase digital assets within the next 12 months...
https://finance.yahoo.com/news/study-reveals-crypto-biggest-investors-132102315.html
14% of Americans Own Crypto Right Now – Here’s Who’s Actually Doing It Right
Today, more than 21.2 million adults, or about 14% of the U.S population, own cryptocurrency such as Bitcoin or Ethereum. Gemini’s research revealed that about 13% of those polled shared intentions to purchase digital assets within the next 12 months.
https://finance.yahoo.com/news/study-reveals-crypto-biggest-investors-132102315.html
Crypto investors will double in the next 12 months. What do you think that'll do to the current crypto prices?
Hell yes!
Chainlink has had a ROI of 224% for the first 4 months of 2021.
That's an average of 56% a month.
If LINK continued up that same average ROI per month for the rest of the year, that'd be:
56% x 7 months = $39.89 (Link price at time of post) x 7 (months) = $279.23
Would you buy LINK now even if it would go up half of that?
Higher lows, higher highs
Hybrid Smart Contracts” Will Change DeFi and the World, Says Chainlink CEO
(From 2 weeks ago)
In a recent interview at BlockDown 2021, the co-founder of Chainlink detailed how the current macro environment is bound for a steep crash akin to the 2008 financial crisis. At that point, Sergey Nazarov believes DeFi will be the only alternative.
A smart contract is a codified agreement on the blockchain. Through oracles, smart contracts can confirm conditions that are not themselves verifiable on the blockchain. It is the bridge between real-world events and lines of code.
Imagine an insurance contract that would reimburse a farmer if a certain threshold of rain hadn’t been met. Using oracles, contracts can integrate external information, such as rainfall or any other externality. Chainlink performs this critical task for many projects in the ecosystem, including Sushiswap, Kraken, and Nexo Finance.
With Chainlink 2.0, the project’s latest upgrade, Nazarov said that Chainlink would scale hundreds of off-chain systems to thousands, allowing for more original use cases and adding greater functionality to current smart contracts and decentralized apps.
https://cryptobriefing.com/hybrid-smart-contracts-will-change-defi-world-says-chainlink-ceo/
lakingsphan....your portfolio must look impressive today,
Vesper and Chainlink to Develop an Oracle for DeFi’s Most Cited Metric — Total Value Locked
https://finance.yahoo.com/news/vesper-chainlink-develop-oracle-defi-165500909.html
Dusk Network: the Privacy Blockchain for Financial Applications
FAST & CONFIDENTIAL TRANSACTIONS
Strict on-chain data privacy via Zero-Knowledge proofs
A distributed Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. Moreover, the settlement of transactions should be instant or near-instant (<15s). The popular Proof-of-Work consensus mechanism used by Bitcoin and Ethereum does not address these requirements.
Therefore, we designed a more performant consensus called Proof of Blind Bid to preserve privacy in the network, and directly settle transactions within 15 seconds.
Powered by Zero-Knowledge technology, organizations use Dusk Network to issue tokens that are governed by privacy preserving smart contracts. Harnessing the power of DLT while respecting confidentiality agreements, and data protection legislation.
https://dusk.network/
Chainlink VRF makes blockchain games more trustworthy by using verifiable on-chain source of randomness
Chainlink VRF (Verifiable Randomness Function) has recently gone live on the Ethereum mainnet, and the no-loss lottery game PoolTogether is the first project to adopt it.
Verifiable randomness is extremely important, and is critical to the development of many applications because it serves as a mechanism for creating unpredictability.
This unpredictability provides protection against malicious entities trying to reverse engineer a system, however it can introduce an element of surprise into applications, determine the outcome of processes, and authenticate the creation of original things.
Much more ...
https://www.zdnet.com/article/chainlink-vrf-makes-blockchain-games-more-trustworthy-by-using-verifiable-on-chain-source-of-randomness/#:~:text=VRF%20can%20make%20games%20more,auditors%20to%20firms%20under%20scrutiny.
Dusk Network to integrate with Chainlink, providing privacy-features to the DeFi ecosystem
Dusk Network to use price feed data from Chainlink’s oracle network for secure and trusted cross-chain bridges to support true privacy for the decentralized finance ecosystem.
https://dusk.network/news/chainlink-dusk-integration
CHAINGUARDIANS INTEGRATES CHAINLINK VRF TO CUSTOMIZE THE APPEARANCE OF NEW CHAINLINK GUARDIAN NFTS
https://chainguardians.io/blog/chainguardians-using-chainlink-vrf/
Link managed to eke out a 7% return so far for April after the "global sell off" of cryptos.
BTC is down 16% for the same period.
A 23% difference.
Math:
One of the investment tools used in analyzing cryptos for rate of return; if that's important to you.
This article was written in 2017, but is still true today and worth reading. This is the reason BAT will be Google's replacement.
Watch out Google! Blockchain will set us free from data tyranny
https://thenextweb.com/news/watch-google-blockchain-will-set-us-free-data-tyranny
This note presents lessons for all publishers based on six months of data from Dutch publisher NPO, after it removed 3rd party tracking.
Additional revenue data from the Dutch publisher NPO reveals the real-world impact on the revenues of websites of various sizes of removing 3rd party adtech and tracking.
As a previous note outlined, NPO removed third party tracking from its websites at the start of 2020, and sold advertising exclusively by using contextual targeting. The previous note revealed that NPO and its sales house, Ster, enjoyed a leap in revenue as a result.
This update adds the month of June 2020, allowing a six month view of the publisher’s revenue increase, and slightly updates and increases the previously published figures for the first five months of 2020.
I think when Link hodlers realize that the capital gains tax is for:
The White House plan would instead tax capital gains as ordinary income, at a top proposed rate of 39.6%. It would apply to those with more than $1 million in annual income, according to Bloomberg.
That probably excludes many of us.
Here’s what to expect from Chainlink and Litecoin
https://ambcrypto.com/heres-what-to-expect-from-chainlink-and-litecoin/
Good day to use the Brave Browser. Google is slower than trying to run underwater lately.
(I suspect they need more distributed storage again).
Why Is Crypto Down Today? 3 Reasons Cryptos Are Coming Off Record Highs
https://investorplace.com/2021/04/why-is-crypto-down-today-3-reasons-cryptos-are-coming-off-record-highs/
Why Is Crypto Down Today? 3 Reasons Cryptos Are Coming Off Record Highs
https://investorplace.com/2021/04/why-is-crypto-down-today-3-reasons-cryptos-are-coming-off-record-highs/
Why Is Crypto Down Today? 3 Reasons Cryptos Are Coming Off Record Highs
https://investorplace.com/2021/04/why-is-crypto-down-today-3-reasons-cryptos-are-coming-off-record-highs/
Enrolling students of colleges/universities:
You should probably avoid taking up banking courses as a major.
Just saying.
True. Almost all of global CeFi will be gone in a decade or two.
What is Decentralized Finance? (DeFi)
No exchange is involved in the decentralized exchange. The complete process operates via automated applications that are developed on top of blockchain platforms. Also, decentralized finance creates a fair and transparent financial system where anyone can participate. It allows unbanked people to access financial and banking services via blockchain technology.
DeFi aims to build an open-source, permissionless and transparent financial service ecosystem. The decentralized financial system offers services, including borrowing, yield farming, crypto lending, asset storage and more.
The benefit of using DeFi over CeFi is that you have full control over your assets and own the key pair for your wallet. Moreover, users who want to participate in DeFi need to use decentralized applications (dApps) built on the blockchain platforms to access DeFi services.
Isn't' DeFi'a whole point is to replace central banks?
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
It'll eventually do this everywhere.
Congrats to those of us that loaded up the $34 -$35 range. A one day 17% return.
Sorry, just came off the Link board....I meant BAT.
Buy now. This'll be above $24 by Tuesday.
BTC hash rate (bitcoin network only) failed so everyone is selling altcoins for an incident that only impacts BTC.
After the sellers sober up and realize this, they'll be buying back.
Uninformed investors are selling ChainLink because of BTC's hash rate is/was down.
Total Hash Rate (TH/s)The estimated number of terahashes per second the bitcoin network is performing in the last 24 hours.
Key words above: "bitcoin network"
What the hell does this have to do with ChainLink?
Nothing. It's just there are a certain percentage of crypto investors that have more money than an ability to analyze.
The good thing is, they'll have less money now and the rest of us will get to buy cheap BAT coins.