Blockchain
By James Thorp
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ChainLink (LINK) Benefits for Bitcoin
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ChainLink (LINK) Integrations
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Chainlink have to say that they are continuing to put more data on-chain so that smart contract developers will be able to build advanced DeFi Apps.
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They have introduced the TUSD Proof of Reserve Oracle for the data on both its off-chain reserves & on-chain supply to ensure full collateralization of TUSD collateral.
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The TUSD Blocksize Capital are Reserve Aggregation from Inotel, Kyber, Newroad, Omniscience, P2P.org, and Fiews.
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In this regard, Sydney Ifergan, the crypto expert tweeted: “Oracles are fundamental to real-world adoption of smart contracts. ChainLink (LINK) are super ambitious about it.”
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Chainlink Price Feeds are already securing billions in value for leading DeFi dApps. It is only practical for investors to start leveraging them in to the smart contracts by…
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ChainLink feels that they can help enhance Bitcoin’s value using ChainLink through WBTC and renBTC’s by adding security from Proof of Reserve and oracle services for Bitcoin…
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Externally connected smart contracts are the key to growing Bitcoin Adoption. Chainlink focuses on directly complementing Bitcoin’s capabilities by extending the value…
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Innovative Dapps can be built by combining Chainlink, Bitcoin, and/or Bitcoin-secured smart contracts. These Dapps can help leverage properties which Bitcoin blockchain provides.
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ChainLink provides several value additions to the Bitcoin Network like providing on-chain price feeds and datasets about BTC, smart contracts with on-demand data about…
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ChainLink also provides off chain data along with several other oracle services to expand Bitcoin as a conditional settlement layer.
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SynLev, synthetic leveraged asset pairs tokenized on Etheruem, is using ChainLink Price Feeds live on mainnet to obtain fair market valuations on the underlying assets.
The Currency Analytics
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