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- GetMagic Reviews By QastMe and Chris M Cartmill Provide Top Resources For 2025Web3Wire - 1 hour agoUnited States – As 2025 approaches, consumers and businesses alike are demanding smarter, faster, and…
- WiseCryptoNews Portal Launches While Polymarket Puts XRP ETF Approval Odds at 79%Web3Wire - 1 hour agoDubai, UAE, May 05, 2025 (GLOBE NEWSWIRE) — WiseCryptoNews has unveiled its platform built to track…
- ProStar Holdings Announces Non-Brokered Private PlacementWeb3Wire - 1 hour agoGRAND JUNCTION, Colo., May 05, 2025 (GLOBE NEWSWIRE) — (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00)…
- Kneat Expands Executive Leadership TeamWeb3Wire - 1 hour agoLIMERICK, Ireland, May 05, 2025 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI) (OTC: KSIOF) (“Kneat”…
- Aterian Sets Date for First Quarter 2025 Earnings Announcement & Investor Conference CallWeb3Wire - 1 hour agoSUMMIT, N.J., May 05, 2025 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the…
- Covo Finance: Revolutionary Crypto Leverage Trading PlatformBlock3Wire - 2 years agoCovo Finance is a decentralized exchange and liquidity pool revolutionizing the world of crypto leverage…
- WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital AgeBlock3Wire - 2 years agoWorldStrides, the global leader in educational travel and experiential learning announced today its partnership with…
- Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining FacilityBlock3Wire - 2 years agoCathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that…
- Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency UsersBlock3Wire - 2 years agoBanxa, the world’s first listed cryptocurrency payment gateway provider, today announced its integration with Metis,…
- Dexalot Launches First Hybrid DeFi Subnet on AvalancheBlock3Wire - 2 years agoDecentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in…
- Thumbtack Honored as a 2023 Transform Awards WinnerMeta3Wire - 2 years agoThumbtack was recognized as a 2023 Transform Awards winner for the Space Pioneer: Workspace Design…
- Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3DMeta3Wire - 2 years agoAccenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Looking Glass Factory,…
- MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface UpgradesMeta3Wire - 2 years agoMetatron (OTC: MRNJ), developer of Metatron AI.com an artificial intelligence (AI) content platform, is thrilled to…
- Purely.website – Disruptive new platform combats rising web hosting costsMeta3Wire - 2 years agoPipe Ten Hosting Ltd are proud to announce the launch of their new low cost…
- WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the MetaverseMeta3Wire - 2 years agoPioneering Korean blockchain gaming giant WEMADE today announced a strategic alliance by signing an MOU…
What is Chainlink?
ChainLink is a decentralized oracle (software built on top of a blockchain), which provides external data to Ethereum smart contracts. ChainLink is an open source project, started at September 2017 by a company SmartContract. This company was already creating secure oracles for Bitcoin and Ethereum for over 3 years, but in 2017 decided to move towards their own middleware ChainLink. At the moment ChainLink is maintained by 3 developers.
The main purpose for creating ChainLink was to provide nnectivity between blockchains and external software such as bank payments, retail payments (Visa, Paypal), market data (NYSE, Bloomberg) and backend systems (SalesForce, SAP). This allows to integrate blockchain with off-chain sales and local payments, to turn them into smart contracts in exchange for LINK tockens. LINK token is an EIP20 Ethereum token with some additional functions. ICO for LINK tokens was completed on September 2017 raising total of $32.00 M.
Currently ChainLink only works with Ropsten, a test Ethereum network.
