We really did our due diligence and looked around... Chainlink is definitely the most established, and every time we dealt with them the level of expertise was incredible so I feel like we are in good hands.
MORE IDEAS FROM THEARTICLE
Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts.
Managed by a global, decentralized community of hundreds of thousands of people, the Chainlink Network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance, and gaming ecosystems.
Our team can sleep peacefully at night because we've just shifted all of our worries about oracles onto Chainlink. Having that peace of mind and comfort as a builder, I cannot express how vital it is.
Chainlink is the most widely used oracle solution for securely connecting smart contracts to the real world. With Chainlink, developers on any blockchain can access tamper-proof, high-quality external inputs to enhance their smart contract applications.
Chainlink greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
Sergey Nazarov is a co-founder and CEO at Chainlink Labs.
Sergey Nazarov began his career building peer-to-peer marketplaces, going on to the investment team at FirstMark Capital. He joined the cryptocurrency revolution in 2011, and believes it has the ability to change the way societies distribute wealth, enforce contracts, and share critical information with their citizens.
If you consider how many asset managers are afraid of the existing financial system failing them, and if they go on to place even a 5% of their portfolio into Bitcoin, then $100,000 per Bitcoin is a very conservative estimate.
Build on a flexible framework that can retrieve data from any API, connect with your existing systems, and integrate with any blockchain, now and in the future.
Use decentralization, trusted nodes, premium data, and cryptographic proofs to connect highly accurate and available data/APIs to any smart contract.
Integrate battle-hardened and time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects.
Independently monitor and verify Chainlink’s open-source code, the performance of its oracle networks, and the quality of individual node operators.
Chainlink and the LINK token are among the most popular cryptocurrencies on the market. Considering this, a lot of exchanges have pushed to start offering trades in LINK. One top exchange to buy Chainlink is Binance.
Other exchanges offering trades in LINK include:
Note - I also extracted some ideas and information from coinmarketcap.com
Don’t Risk More Than You Can Afford to Lose!
Integrating industry-leading decentralized oracle technology is the key step in the continued decentralization of Celsius. Partnering with Chainlink solidifies our mission to bring revolutionary financial services to millions around the world.
Part of composability is that you don’t have to build everything by yourself. Chainlink’s oracle is very good, and it’s part of this whole composability idea, it’s vital.
During the initial coin offering (ICO) for LINK, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens.
According to the ICO documentation:
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Bitcoin created a decentralized monetary system which can transfer money from one person to another. That only allowed for monetary transactions, there was no way to add conditions to those transactions:
Alice can send Bob 5 BTC, but she couldn’t tell Bob that he will get the money only if he performed certain tasks.
These conditions are a smart contract: self-executing with specific instructions written in its code which get executed when certain conditions are made.
Say Alice wants to buy a house. The seller will receive the funds only if property rights are cleared and after the rights have been transferred over.
Polkadot is a network protocol that allows arbitrary data —not just tokens— to be transferred across blockchains.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.
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