ChainLink Hackathon recently participated and congratulated the winners.  The Developers show cased a wide range of new Chainlink functions: P2P car rental platform using a Tesla API; Yield farming RPG game; AMM insurance market; and decentralized library and more.

ChainLink showed their appreciation by awarding more than $60,000 in prizes to the best and innovative projects, which were building universally connected smart contract applications with real world potential.

The hackathon brought forth the submissions of diverse range of projects which reinforced their belief in the process of connecting block chains to a vast array of off-chain data, API services.  They continue to believe in that computation is the major catalyst which will spark mass development and adoption of smart contracts as being the dominant form of the digital agreement.  The details of the winners is available in their blog.

Sydney Ifergan, the crypto expert opined:  “ChainLink (LINK) are trying to make it possible for farmers from all over the world to effectively manage key risks like droughts and forest fires.  They are focusing on reducing risks for farmers.  I liked it.”

ChainLink Integrations

Chainlink and Centaur are planning to decentralize the “Lottery-based selection of public sale participants.” This process has been leveraged on Chainlink VRF in conjunction with deterministic selection functions to provide for a lottery selection process which is provably fair and transparent by design.

ChainLink Official Tweeted:  “DeFi platform Official Centaur integrates Chainlink VRF to add enhanced transparency. Chainlink VRF’s provably fair source of RNG enables unbiased random selection of sale participants, leveling the playing field for all.”

The risk of manipulation during the generation of the root seed has to be avoided.  ChainLink resolved the issue by providing for randomness along with the cryptographic proofs, which can be verified on-chain, therefore ensuring that randomness is unpredictable.  Centaur is bridging DeFi and traditional finance.

Sean Kor, Co-Founder of Centaur stated, “As the DeFi sector experiences unprecedented growth, so too does the need for high-quality market data. The technologies employed by Chainlink and their oracle networks are a crucial part of our upcoming DeFi solutions and their seamless integration process allows us to focus on what we do best.”

Apart from Chainlink VRF, Centaur are planning to integrate the Chainlink Network for market data aggregation and off-chain price feeds for their DeFi solutions. ChainLink and Centaur are set to collaborate on the development of oracles which will make it possible to enable chain-to-chain data transmission, with the goal of building a completely decentralized cross-chain exchange.

Also, New Chainlink Node operator Inotel is now live on mainnet helping secure Chainlink’s Price Reference Data for DeFi developers. Of note, Inotel brings DevOps experience as a PoS validator/node operator on 9 other Web3 networks, helping secure millions in USD value.