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Gambit and Six Other Projects Adopted Four Chainlink Services

Gambit and Six Other Projects Adopted Four Chainlink Services

Chainlink announced via X on Monday that seven projects adopted four of its services last week.

 Hassan Maishera
Space and Time Integrates Chainlink Standard

Space and Time Integrates Chainlink Standard

On Tuesday, Chainlink announced via X that Space and Time has integrated Chainlink Standard on the SXT Chain testnet to help optimize ZK proof verifications for its Proof of SQL solution.

 Hassan Maishera
Mantle Integrates Chainlink CCIP

Mantle Integrates Chainlink CCIP

On Tuesday, Chainlink announced via X that Mantle has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP).

 Hassan Maishera

Trade

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Bybit

N/A
4.36 based on 4589 votes

PrimeXBT

N/A
4.31 based on 2458 votes

Binance

N/A
4.1 based on 2407 votes

Spend

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Crypto.com Visa Card

3.46 based on 783 votes

Uphold

3.23 based on 141 votes

Coinbase Card

3.11 based on 211 votes

Shop

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BC.Game

4.71 based on 7 votes

1xBit

4.42 based on 19 votes

VPS2DAY.com

4.21 based on 14 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for ChainLink Coin.

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YouHodler

3.92 based on 50 votes

Ledger Nano X

3.88 based on 50 votes

Ledger Nano S

3.79 based on 190 votes

Review

Learn more about ChainLink Coin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of ChainLink Coin.

ChainLink’s goal is to allow blockchains to communicate with the real world. Using a series of APIs, ChainLink is building an “Oracle” that feeds real-world information to blockchains and smart contracts.

While Ethereum has been making many technological improvements, one unresolved issue is the inability to communicate with things not on the blockchain. For example, if you wanted Ethereum to tell you the results of the most recent election, it would require someone to input that information manually. ChainLink hopes that their Oracles will eventually accomplish this task.

It can also be worth mentioning here that the international money transfer system SWIFT carried out a proof-of-concept partnership with the cryptocurrency ChainLink in June 2017. We have not however heard any information about that partnership leading to something in the future or that it is of a permanent nature.

When users want to obtain information through ChainLink, they must first submit a request contract. ChainLink uses this contract to find the appropriate Oracle to provide the information.

Each Oracle also has a reputation based on its history of integrity. Multiple Oracles’ responses are pooled together to formulate a final result, which is returned to the requestor.

ChainLink operates a 3 step process to obtain the results:

1) Oracle Selection: Users specify set requirements for how they want the result to be obtained. This is known as a service level agreement (SLA). Information in the SLA may include the minimum Oracle reputation and the number of Oracles needed.

2) Data Reporting: The ChainLink Oracles report the results of the service agreement back to the contract.

3) Result Aggregation: An aggregating contract collects the data submitted by all the Oracles. The final result is a weighted average of all Oracles’ responses. The results closest to the average earn the most fees.

Due to ChainLink’s completely decentralized nature, fraudulent data reports are possible. But, to combat this, ChainLink requires its Oracles to obtain the data from multiple off-chain sources, such as CNN Money or Nasdaq.

Finally, we have not identified any obvious pros or cons with the ChainLink Coin.

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