Home Altcoins News Chainlink’s (LINK) Network Effect Is Too Strong

Chainlink’s (LINK) Network Effect Is Too Strong

Chainlink

DeFi smart contracts such as decentralized money markets are made possible by leveraging Chainlink’s high-quality financial market data. Check out the Developer documentation below to learn how to fetch the latest price data from Chainlink Price Feeds.

 

The community are very confident about ChainLink Potential, Chainlink’s network effect is too strong. Metcalfs law and mass adoption. SWIFT, Mark Cuban, GrayScale and WEF knows what you’re bringing to the table. 1K EOY.

Metcalfs law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). Metcalfe’s law characterizes many of the network effects of communication technologies and networks such as the Internet, social networking and the World Wide Web.

Mass adoption of cryptocurrency mean the use of cryptocurrency would become ordinary course, and no longer a point of discussion. With an integration happening every day, ChainLink are already becoming an ordinary course.

SWIFT is the global provider of secure financial messaging services.  Swift Go:  Transforms low value cross border payments. They make it possible for customers to send fast, predictable, cost effective and secure low value cross border payments anywhere in the world, directly from their bank account.

Nazarov explained his vision for the short-term and long-term evolution of global finance as the decentralized finance (DeFi) industry’s spectrum of blockchains is growing with increased reliability, transparency and efficiency. The way this interacts with existing systems is very straightforward, because the existing systems use private keys to sign various transactions, such as SWIFT messages, and that same private key infrastructure can be used to sign transactions and events and messages into various blockchains.

Nazarov also pointed to how it is possible to send SWIFT ISO 20022-compliant messages from smart contracts and return outcomes from the SWIFT network back into a smart contract.  Thus, demonstrating how the infrastructure of existing messaging standards like SWIFT can be used to trigger blockchain transactions. Further on blockchain events can affect important enterprise events.

Mark Cuban:  Billionaire businessman Mark Cuban is investing in and advising data project dClimate, which uses Chainlink and Ethereum.

Grayscale Chainlink Trust is solely and passively invested in LINK, enabling investors to gain exposure to LINK in the form of a security while avoiding the challenges of buying, storing, and safekeeping LINK directly.

The World Economic Forum, in collaboration with Chainlink, the industry-leading oracle solution, recently published a white paper, “Bridging the Governance Gap: Interoperability for Blockchain and Legacy Systems.”

Chainlink speaks for itself.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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