And yes, the Youtube channel Coin Bureau has again the right to an article on Croblanc today, and at the same time it is quite logical considering the passion that our community puts every time a new video is available on the internet. That's why we decided to make a post about it, because we are sure you will enjoy this new video.
Indeed, the Youtube channel Coin Bureau has decided today to post a new video which is called "Chainlink Review 2020: LINK Potential". Of course, you can now find it in full playback on our site for your greatest pleasure!
For several hours, many people have been talking about this new video on social networks and it also makes people react on many discussion forums. This is not the first time that the Youtube channel Coin Bureau releases a video that makes people talk about it, and we know your great interest for this kind of content.
Do you have a problem with this video? Or did you see a small error in the content you just watched? However, there is no guarantee that they will respond. But nothing ventured, nothing gained! To get in direct contact with a videographer, try to find his social networks and send him a public or private message. You can also find the email of a Youtuber on his Youtube channel by clicking on "About". This will give you his precious email address.
The whole editorial staff hopes you enjoyed this article, as well as the video Chainlink Review 2020: LINK Potential you discovered today with us. Have you already watched the whole video? Don't forget to check our site for other content related to Coin Bureau, we have a lot of it available and new videos are coming very soon, trust us!
It's over, let's pack up! See you soon for a new article on your favorite site: Croblanc of course!
For your information, you can find below the description of the video Chainlink Review 2020: LINK Potential published by the Youtube channel Coin Bureau:
► Complete Review: https://www.coinbureau.com/review/chainlink-link/
► What are Oracles: https://www.coinbureau.com/education/what-are-blockchain-oracles/
► Best 10 Etheruem dApps: https://www.coinbureau.com/analysis/best-ethereum-dapps/
📩 Get Top Crypto Tips In My Weekly Newsletter 👉 https://signup.coinbureau.com/newsletter
► BTC Tipjar: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
⏰ Time Stamps ⏰
0:56 Introduction
1:49 Real World Use Cases
3:23 Blockchain Oracles
5:08 How it Works: Offchain
6:17 How it Works: Onchain
7:28 LINK token & Price Performance
9:25 Chainlink Team & Roadmap 2020
11:00 LINK Markets & Wallets
12:05 Conclusion
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://chain.link/
► Whitepaper: https://link.smartcontract.com/whitepaper
► GitHub: https://github.com/smartcontractkit/chainlink
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📱️ Socials 📱
► Official Blog: https://medium.com/chainlink
► Twitter: https://twitter.com/chainlink
► Telegram: https://t.me/chainlinkofficial
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📝 Project Overview 📝
Chainlink is a project that is attempting to connect smart contracts across blockchains.
Chainlink plans to do this through the use of off-chain resources like web APIs, data feeds, and even traditional bank payments. It will allow on-chain smart contracts on other blockchains to interact with off-chain data through the Chainlink network.
⚙️ Technology ⚙️
Since Chainlink wants to create a link between off-chain and on-chain resources, there are two primary pieces to the Chainlink architecture.
The off-chain pieces are oracle nodes that exist off the Chainlink network. However, these nodes are still connected to the external blockchain.
Requested data passes through Chainlink Core, which is the software that establishes a connection between the off-chain data and the Chainlink network.
At that point, Chainlink Core takes the processed data and hands it off to the on-chain oracle.
The on-chain smart contracts are the piece of the architecture which house oracles. These oracles accept and process data requests.
On-chain oracles take user requests for off-chain data submitted to the blockchain, then process them. The requests are routed to the appropriate smart contract which matches the request up with the correct off-chain data.
There are three contract types that aid in matching the offchain and onchain data: aggregating contracts, order-matching contracts, and reputation contracts.
💰️ Token 💰
Chainlink created the LINK token as a way to compensate offchain needs within its system. The token is used to pay Node operators.
LINK is necessary to perform this type of functionality. Value and demand of the tokens are derived from the number of operators available that provide offchain services to Chainlink.
Although these are ERC20 tokens they do have additional ERC223 "transfer and call" functionality.
The Chainlink ICO took place in September of 2017. The project raised about $35 million dollars while distributing 350 million LINK tokens.
The number of tokens distributed makes up 35% of the project’s total supply.
👨💻️ Team, Partners & Development 👨💻
The CEO of Chainlink is Sergey Nazarov, who started his career with FirstMark Capital.
Steve Ellis serves as the Chainlink CTO and was a software engineer prior to joining the project.
For their Roadmap, Chainlink's goal is to contribute to any oracle network using the data sets they’ve already established. They recently announced the release of seven new public reference data sets.
They are working on developing large amounts of data sets that they know users need, such as ETH to USD or BTC to USD.
Chainlink is interested in enabling new categories of activity like decentrailzed finance, decentralized insurance, fraud-proof gaming, and much more.
📈 Trading & Wallets 📈
LINK is a popular token and does over $100 million dollars a day.
Chainlink does this volume on a wide variety of exchanges, including popular ones like Binance, Bithump, and Coinbase Pro. The token does at least a million dollars in volume every day on most of these exchanges.
This means that there is broader liquidity for the token and price discovery is easier. Given that this is an ERC20 token you have a lot of storage options although a hardware wallet is perhaps your best bet.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Chainlink #LINK #crypto #Ethereum #Review #ERC20 #Oracles #Defi #blockchain #data