ChainLink (LINK) utility is undeniably the blockchain space favorite for those who know the importance of reliable and authentic oracles. There is a widespread increase in usage of the ChainLink Oracle in the DeFi projects.  Obviously this has added to an organic increase in its value by true use cases and true usability.

DeFi oriented smart contract protocols will do better with the quality of oracles facilitated by ChainLink. While there are some analysts who have to state that the price increase is due to the fear or missing out, the reality is that the oracles are bringing true results for the smart contracts who are beginning to use the product. And, obviously, those who are in to the DeFi business know that it is not worth missing the idea of taking advantage of the oracle facilitated by ChainLink.

Sydney Ifergan, the crypto expert tweeted:  “ChainLink (LINK) makes data manipulation hard, and data is the core intermediary with the capacity to make or break deals. Trustworthy decentralized oracles are a not to miss.”

The Service Level Agreement (SLA) which fulfills the query works across sub-smart contract elements like a reputation contract, an order-matching contract, and an aggregating contract. Data aggregation which involves choosing the best updated and accurate oracle is worth for use in real-time world. Access to secure and trusted off chain data is crucial for the success of smart contract use cases.  Therefore, Chainlink has all the reasons to be the all-round winner – customized data sets and aggregated price indices.

ChainLink (LINK) High Quality Oracles

Decentralized Oracles from multiple reliable sources are facilitated by ChainLink. On the other hand if DeFi Protocols should get in to Data Computation on their own, they will have to spend a lot and it might not be cost feasible.  ChainLink gets it done and therefore they are able to facilitate high quality oracles for low cost. And, all of this while maintaining the security protocols.

ChainLink Official Channel tweeted:  “Blockchain-based event ticketing solution @GetProtocol is integrating #ChainlinkVRF to randomly distribute tickets in a provably fair manner. This provides users with unique guarantees that popular sold-out tickets won’t be unfairly taken by promoters.”

To ensure privacy, ChainLink makes use of Mixicles, which is a lot similar to Mixers.  ChainLink are coming up with lot of good reasons to make DeFi developers to link it to their protocol.  When something is good it is only good to adopt it rather than trying to work against it. Adopt ChainLink for good is the way to go.