$Link / USDT bought some due to Chainlink mainnet release .
$Link / USDT bought some due to Chainlink mainnet release . tight stop loss .
HAINLINK Scoring
Overall Score: 57.15%
Open communication channels: 30%
Team strength: 63%
Product strength: 51%
Coin strength: 66%
Brand awareness/Buzz: 50%
Advisory board strength: 75%
Activity on social media: 0%
Quick Research
Purpose: Chainlink aims at creating an off-chain settlement mechanism where traditional institutions such as banks can communicate with blockchains as well as open up a cross-chain protocol
Product Status: Prototype / MVP
Consensus Method: Ethereum consensus (currently proof of work, will be proof of stake later on)
Emission rate: No new tokens created
TXN'p/s: 0
Abstract:
Smart contracts are poised to revolutionize many industries by replacing the need for both traditional legal agreements and centrally automated digital agreements. Both performance verification and execution rely on manual actions from one of the contracting parties, or an automated system that programmatically retrieves and updates relevant changes. Unfortunately, because of their underlying consensus protocols, the blockchains on which smart contracts run cannot support native communication with external systems. Today, the solution to this problem is to introduce a new functionality, called an oracle, that provides connectivity to the outside world. Existing oracles are centralized services. Any smart contract using such services has a single point of failure, making it no more secure than a traditional, centrally run digital agreement. In this paper we present ChainLink, a decentralized oracle network. We describe the on-chain components that ChainLink provides for contracts to gain external connectivity, and the software powering the nodes of the network. We present both a simple on-chain contract data aggregation system, and a more efficient off-chain consensus mechanism. We also describe supporting reputation and security monitoring services for ChainLink that help users make informed provider selections and achieve robust service even under aggressively adversarial conditions. Finally, we characterize the properties of an ideal oracle as guidance for our security strategy, and lay out possible future improvements, including richly featured oracle programming, data-source infrastructure modi- fications, and confidential smart-contract execution.
Investment data
Listed on 7 exchanges
CoinMarketCap Rank: 128
Market Cap: $74 M
24H Volume: $498 K
Coin Age: 9 months
HAINLINK Scoring
Overall Score: 57.15%
Open communication channels: 30%
Team strength: 63%
Product strength: 51%
Coin strength: 66%
Brand awareness/Buzz: 50%
Advisory board strength: 75%
Activity on social media: 0%
Quick Research
Purpose: Chainlink aims at creating an off-chain settlement mechanism where traditional institutions such as banks can communicate with blockchains as well as open up a cross-chain protocol
Product Status: Prototype / MVP
Consensus Method: Ethereum consensus (currently proof of work, will be proof of stake later on)
Emission rate: No new tokens created
TXN'p/s: 0
Abstract:
Smart contracts are poised to revolutionize many industries by replacing the need for both traditional legal agreements and centrally automated digital agreements. Both performance verification and execution rely on manual actions from one of the contracting parties, or an automated system that programmatically retrieves and updates relevant changes. Unfortunately, because of their underlying consensus protocols, the blockchains on which smart contracts run cannot support native communication with external systems. Today, the solution to this problem is to introduce a new functionality, called an oracle, that provides connectivity to the outside world. Existing oracles are centralized services. Any smart contract using such services has a single point of failure, making it no more secure than a traditional, centrally run digital agreement. In this paper we present ChainLink, a decentralized oracle network. We describe the on-chain components that ChainLink provides for contracts to gain external connectivity, and the software powering the nodes of the network. We present both a simple on-chain contract data aggregation system, and a more efficient off-chain consensus mechanism. We also describe supporting reputation and security monitoring services for ChainLink that help users make informed provider selections and achieve robust service even under aggressively adversarial conditions. Finally, we characterize the properties of an ideal oracle as guidance for our security strategy, and lay out possible future improvements, including richly featured oracle programming, data-source infrastructure modi- fications, and confidential smart-contract execution.
Investment data
Listed on 7 exchanges
CoinMarketCap Rank: 128
Market Cap: $74 M
24H Volume: $498 K
Coin Age: 9 months
Trade closed: stop reached