Chainlink (LINK) Decentralized Data Sourcing Network's First Five Oracles Go Live

Coming from the official twitter page of the decentralized data sourcing blockchain technology, Chainlink, is a news that its first five official working oracles, which tracks the status of flight, shipping data and price of Cryptocurrency are now live online.

After five months of initially deployment of Chainlink’s network to testnet, the project has been announced to be completely functional on Ethereum Ropsten and Rinkeby test networks.

While Ropsten is a proof-of-work blockchain that is similar to Ethereum, Rinkeby is a proof-of-authority blockchain, and both are environment where project are launched before complete release on Ethereum blockchain so that developers can test the project before real assets are involved.

The progress is coming only a year after the ICO of the project. Before now, Chainlink, in its striding moves in the crypto space has been able to partner the likes of Society for Worldwide Interbank Financial Telecommunication (SWIFT), and Cornell University’s IC3 blockchain program. SWIFT is currently regarded as the financial institution which owns the largest banking network around the world.

The world widely known problem of oracle network has been solved by Chainlink. The blockchain technology provide an avenue for trust less verification of data. With this decentralized platforms like Ethereum need to worry less, because Chainlink provides countless of sources for the verification of data to ensure accuracy and data integrity.

Beyond Ethereum, Chainlink intends spread its network across to the likes of Bitcoin and HyperLedger.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,436FansLike
2,797FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Roadmap to Full Decentralization to Begin with Issuance of COMP to Their Community

Compound will now issue COMP tokens to the users of their protocol in a bid to achieve full decentralization. They have released an...

Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Rising fees on the Bitcoin blockchain after the halving will not set BitPay, a crypto payments startup, into using layer 2 payment channels...

Digital Dollar Foundation Releases Its First Whitepaper Urging The US Govt To Explore CBDC's

Christopher Giancarlo’s Digital Dollar Foundation releases its first white paper on the digital dollar. The projects aims at implementing a private-public partnership with...

Ethereum is Close to Being Flipped on its Own Blockchain As the Total Value Stored Is Shifting

The Ethereum network has been seeing a lot of activity in 2020. The price of Ether already seems to lead the altcoins rally, currently trading...

Coinbase, Who Controls Over 11% of Tezos, Rolls Out XTZ Staking in the UK, France, Spain, and the Netherlands

Over 6 months back, Coinbase launched Tezos staking for its US customers and now they are rolling this feature out for its users in...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today