Chainlink official stated that the ChainLink Smart Contract Summit was one of the largest blockchain events of the year. They reinstated on how leading minds from across the industry discussed the current state of DeFi and the future growth of smart contracts.  They have also published on the key takeaways worth noting in their blog on the SmartCon recap.

Chainlink’s first of its kind Smartcon Summit is considered to be a major 2020 blockchain event. It consisted of 8,000+ attendees from 100+ countries and 130 speakers for 70+ talks, panels, workshops and AMAs.

Developers, dApp teams, node operators, researchers, and enterprise leaders shared their cutting edge research and thinking regarding the future of the decentralized technology.

Apart from this, a diverse collection of projects are getting built with Chainlink oracles on Ethereum, Bitcoin, and several other blockchains which showcase the state of DeFi today and this set the stage for high growth in the coming years.

SmartCon speakers from across the world pointed to a future of rapid growth and genuine enthusiasm to building decentralized systems using Chainlink. Therefore, bringing out DeFi Solutions and Enterprise Blockchain with high quality thus leading to a good community in the ecosystem.

The infrastructure facilitated by the ChainLink Oracle helps in expanding the capabilities of the smart contracts to provide value. Advanced protocols and financial models are making DeFi on SmartCon possible. These pave way for a much better development in the coming years.

ChainLink acknowledged on how network effects will not happen by merely data to blockchains; however, it happens only by the interconnection of people from across the world who will be sharing a vision of a more equitable future through the blockchain technology.

SmartCon placed emphasis on the incredible community that is building and supporting Chainlink.  Contribution comes from developers, node operators, DeFi users, enthusiasts, data providers, and enterprise collaborators who contribute in their own way by presenting, networking, asking questions, or spreading the word regarding amazing projects.

Sydney Ifergan, the crypto expert tweeted:  “ChainLink (LINK) projects are reflective of their network strength. I wish them times of high trending innovations on their chain.”

ChainLink (LINK) Integrations

To provide stronger fairness guarantees for DeFi and help accelerate overall mainstream adoption, ChainLink have presented their initial research on fair transaction ordering. Thus, eliminating various front-running and MEV scenarios as well as leading to lower gas costs.

Kytzu is run by an experienced team of DevOps and software developers who successfully run PoS Nodes across multiple blockchain networks. Kytzu is live on mainnet as a new Chainlink node operator, further decentralizing the Chainlink Network.