Home Technology Sergey Nazarov Reinstatements about Chainlink (LINK)

Sergey Nazarov Reinstatements about Chainlink (LINK)

Chainlink LINK

For enterprises & financial institutions that want to participate in DeFi and the growing smart contract economy, Chainlink provides the most secure middleware for connecting your existing systems to any and all blockchains, both now and in the future.

Chainlink enables hybrid smart contracts for both DeFi and institutions. DeFi is acting as an issuer which is accelerated by decentralized services, creating user demand, which institutions want to serve, across many chains which they access via Chainlink.

Chainlink 2.0; describes incentives that already keep Chainlink Networks accurate through unexpected blockchain congestion. Super-linear staking with two tiers of incentives, and including users as voters, adds to this reliability.

Chainlink’s ability to provide timely and accurate updates through extreme network congestion is due to existing cryptoeconomic guarantees. The super-linear property of explicit staking is an even more scalable way to provide on-chain data in the timely way needed by all of DeFi.

Hybrid smart contracts have a net positive effect on the environment, because they can be used to create incentives for avoiding pollution and for fixing issues created by a shift in climate. Highly automated carbon tax credits using oracle network verified events is one example.

Banks, fintechs and web 2.0 tech firms can securely & efficiently interface with DeFi & all smart contracts, across all chains, by making their existing systems Chainlinked, providing one interface. While utilizing current standards like SWIFT messages.

When prices/volatility rapidly moves in one direction, the need for an accurate on-chain price becomes critical for solvency. Using time weighted price/TWAP is high risk, as volatility isn’t predictable and allows gaps to be exploited and/or full collapse.

Triggering smart contracts using predefined conditions is a widely needed capability across DeFi and other hybrid smart contracts. Chainlink Keepers provides a decentralized & reliable way to make sure that critical smart contract functions are executed.

The permissionless and globally accessible nature of public blockchains is a critical accelerator of their rapid adoption. If the world’s institutions and governments want to adopt Bitcoin, any other token, or any DeFi protocol, they can integrate with it both quickly and easily.

Definitive Truth, validated by decentralized oracle networks, is initially useful in hybrid smart contracts, though at high speed, top quality and lower costs, it is highly useful to all systems that need to trigger high value/mission critical computation.

Sergey in the past stated, I am amazed at how ChainLink has already been used to create, and am deeply grateful to all the people working on it. Thank you for all the various support, long nights and hard work. We are all building the smart contract industry into something truly world changing, together.

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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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