Chainlink is a blockchain protocol that pulls real-world data from outside the blockchain to verify information in a secure and decentralized way.
Major companies like Intel, Oracle, and Google have seen value in Chainlink and have partnered with the project. The data provider currently has over 150 data feeds and is strengthening its foothold with its recent acquisition of DECO from Cornell University.
DECO will guarantee data feeds remain private and untampered by using cryptography and pulling data from the most widely used servers on the internet. This vastly increases the sources for Chainlink’s oracles to include web pages we visit every day.
Chainlink is also seeing a surge in demand, thanks to the growing popularity of DeFi. These protocols need access to reliable price feeds. Since July, Chainlink’s secured value has grown from $220 million to $3 billion. That’s a 1,264% increase in just two months.
With DeFi and blockchain technology just getting started, Chainlink will play a critical role in bringing secure and reliable data to these networks. For these reasons, we see Chainlink as a great token to continue holding.
Major companies like Intel, Oracle, and Google have seen value in Chainlink and have partnered with the project. The data provider currently has over 150 data feeds and is strengthening its foothold with its recent acquisition of DECO from Cornell University.
DECO will guarantee data feeds remain private and untampered by using cryptography and pulling data from the most widely used servers on the internet. This vastly increases the sources for Chainlink’s oracles to include web pages we visit every day.
Chainlink is also seeing a surge in demand, thanks to the growing popularity of DeFi. These protocols need access to reliable price feeds. Since July, Chainlink’s secured value has grown from $220 million to $3 billion. That’s a 1,264% increase in just two months.
With DeFi and blockchain technology just getting started, Chainlink will play a critical role in bringing secure and reliable data to these networks. For these reasons, we see Chainlink as a great token to continue holding.
