ChainLink (Link) is well known for providing tamper proof inputs and outputs for complex smart contracts on any blockchain.
ChainLink Official Channel tweeted: “Chainlink offers Solidity developers an easy framework for obtaining off-chain data in smart contracts. Whether you need real-time price data, a random number generator, or data from any external API, our developer docs explain how to get it today.”
Getting started with ChainLink is very easy with ChainLink’s comprehensive guides and documentation.
There is a ChainLink Hackathon from September 07, 2020 through September 27, 2020. Developers are called to register for the Hackathon, further putting all their knowledge in to a project. Participants will be able to work with some of the blockchain’s best, learn in workshops and further join the community to win prizes. There are more than $40K+ prizes.
The Chainlink’s Virtual Hackathon will stage smart contract applications in Defi, NFT, Gaming and more.
They have put together lot of resources to support all the builders. The event facilitates access to experienced mentors, live workshops, tutorial materials and lot more to help build idea in to reality.
Sydney Ifergan, the crypto expert tweeted: “ChainLink (LINK) Hackathon is good for developers who are looking for a breakthrough opportunity to stage their skills.”
DeFi platform @DeFinerOrg are now consuming five ChainLink Price Reference Data feeds live on mainnet to power their digital asset savings accounts. Chainlink price oracles ensure loans using liquidity from savings accounts which are securely issued & liquidated.
Proactive market maker @BreederDoDo are consuming Chainlink’s ETH/USD price feed which is live on mainnet. DODO uses Chainlink oracle data to calculate asset prices in order to maximize the on-chain liquidity made available to its DEX users.
Sergey Nazarov tweeted: “Generating definitive truth is a unique capability of decentralized computation; while blockchains do this well for transactions, ownership and voting, decentralized oracles provide definitive truth about real world data/events, increasing their usefulness.”
In response, one of the commentators expressed, If a Node Operator in the Chainlink Data economy provides non truth they will lose all the collateral they put up in $link against the data requester’s payment. This is how you get definitive truths.
Yet another commentator opined that the concept is very profound and groundbreaking and that ChainLink will without doubt make the world a better place.
With the SmartCon Scheduled for August 28, 2020 and August 29, 2020, onlookers are excited and looking forward to the SmartCon keynote address from Sergey.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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