Is the ChainLink Bubble bursting? Developer Sell off and six-week downtrend created the impression. However, there seemed to be some rebound happening. The propaganda that ChainLink will be the third biggest cryptocurrency continues.
There were arguments which pointed to the price fall of LINK as being much below its intrinsic value.
ChainLink Official Channel tweeted: “Chainlink provides developers with a variety of live oracle solutions that can be easily integrated, including decentralized price feeds, provably fair random numbers, & access to any API. Learn how to enhance your smart contract today with these features.”
A lot of DeFi adoption is happening at a quicker pace. Oracle solutions make it possible to access and leverage high-quality data feeds in a secure way. When it comes to smart contracts having to interact with data which is outside their underlying blockchain, it is important to ensure they are dealing with reliable providers.
ChainLink provides reliable suite of oracles for smart contract developers which can be used for a range of applications. The price feeds are accurate with the decentralized price data providing for a broad market coverage. ChainLink provides any API functionality suitable for a range of needs like sports results, weather forecasts, flight times and several other data available through API.
The capacity of the ChainLink to bring any API in to smart contracts is useful in several valuable applications. By virtue of the accuracy, it is possible for the API to provide for apps providing for real-world applications.
ChainLink VRF is competent in facilitating unbiased randomness. Chainlink VRF provides for verifiable randomness, which can be safely used inside smart contracts. It is easy to begin building with ChainLink, particularly those who are developing products that can use the oracles provided by ChainLink.
Sydney Ifergan, the crypto expert opined: “Reliability and accuracy are very important for an oracle. Chainlink (LINK) provides it both. Makes sense to adopt.”
Further, Chainlink continues to believe in supporting the open source ecosystem that they are building. The Network grows together as an ecosystem.
ChainLink congratulated synthetix_io on being the first #Ethereum dApp to integrate on the recently launched optimismPBC L2 chain. As a blockchain agnostic oracle network, we look forward to continuing our support by providing secure and reliable price feeds.
Theta Network and Chainlink collaborated to solve click fraud with universally connected smart contracts. Proving user activity wasn’t adversarial bots prevents theft of funds and correctly sends payments for better content to publishers that deserve to be paid.
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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