What is Aurora EVM (AURORA)? Details of the AURORA . token
Aurora is a solution for developers to migrate their applications from Ethereum to Near to take advantage of the platform.
Chainlink is a bridge that provides data and information from the real world to the blockchain and vice versa through decentralized nodes. These nodes are responsible for collecting information from different sources, Chainlink's smart contract will be responsible for aggregating and checking, verifying the quality of this information is true or false, then from that only provides that information to decentralized projects inside the blockchain.
Smart Contract does not have the ability to authenticate the data source. Therefore, ChainLink provides a transparent, accurate and completely decentralized data source verification solution.
Example : The current price of one Bitcoin is $48,000, if you mortgage a Bitcoin then the Aave protocol lends you 50% of $24,000. However, Aave does not have the ability to verify that the information is real or fake. In this case, the price of Bitcoin will be verified by Chainlink, while Aave's smart contract only needs to satisfy the lending principle if the investor collateralizes 50% of the asset.
The problem that Chainlink is solving.
If Cardano uses a Proof-of-stake consensus mechanism, then ChainLink uses a Tamper-proof network. Node operators will be tasked with collecting information and data. Then, Chainlink will aggregate information from the nodes.
In addition, developers of projects will buy LINK to deposit into the Chainlink network. These projects will then receive the data and information that Chainlink provides.
Example: In case if there are 10 nodes providing the number of good students at High School A, and 8 nodes answer as 20 good students, 2 nodes answer as 15 good students, then Chainlink will know that two nodes that error and remove their answers. Then Chainlink will have the task of providing this data to the partner.
The nature of Chainlink's operation.
Chainlink project development team
The project was developed by Sergey Nazarov, Steve Ellis and hundreds of other personnel around the world with many years of experience in the field of blockchain technology.
Chainlink project development team.
Partner of Chainlink project
Chainlink is trusted by leading data providers, including: Coinecko, KAIKO, CryptoCompare, Binance…
Some of Chainlink's partners.
In addition, Chainlink is also supported by projects with great reputation in the field of Blockchain technology such as: ChainLayer, Secure Data Links, Simply VC ...
Several projects support Chainlink.
What is LINK used for?
LINK is Chainlink's native token, it is used to reward operators of nodes in ChainLink's network.
Allocate LINK tokens.
Investors can buy LINK on exchanges such as Binance, Coinbase Pro, OKEx, Huobi Global…
In addition, investors can store LINK in wallets such as Metamask , Trust Wallet , Myetherwallet, Mycrypto...
Should you invest in Chainlink?
When looking at the current total capitalization of LINK, it can be seen that Chainlink has a certain position in the cryptocurrency market. In the future, it is likely that Chainlink will quickly develop on many different fields. A lot of large projects using LINK coin reward nodes, which leads to the price of LINK coin to increase in the near future.
Thus, TraderH4 has just brought you all information about Chainlink and LINK. Up to now, Chainlink has not only developed in the Ethereum ecosystem, but also expanded to many other ecosystems. Currently they have supported 88 different blockchain platforms, 327 DeFi projects, 72 NFT projects. This shows that all the prominent decentralized finance applications in DeFi use Chainlink's Oracle.
Aurora is a solution for developers to migrate their applications from Ethereum to Near to take advantage of the platform.
Recent Metaverse projects are receiving great attention from investors in the crypto market. Radio Caca is one of the most prominent projects at the forefront of this trend.
MeanFi is a decentralized, user-managed bank built on top of Mean Protocol. MeanFi also supports staking and farming.
Justin Sun - CEO of Tron Blockchain once said: “If Ethereum is iPhone, TRON is Android. So what is Tron?
BSCSstation is a platform that provides DeFi services and utilities on BSC. TraderH4 will guide you on how to join IDO on BSCSstation.
NuCypher is a protocol that provides a layer of security for decentralized applications built on open source blockchains.
RunNode is a project that provides RPC nodes with the most optimal scalability and cost on the Solana blockchain.
Artemis Vision revolutionizes the NFT space with a social media platform that connects artists, creators, and fans.
This article will give you all the updates you need to know about Monero, as well as predictions about its potential in 2022.
ParallelChain is a cross-platform blockchain suitable for many users from general to organizations, companies, and businesses.
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
UNQ Club is a project that provides a blockchain platform that allows investors to collect and manage existing NFT assets.
BENQI is one of the important pieces of the Avalanche ecosystem. Join TraderH4 to find out what BENQI (QI) is as well as detailed information about the QI token.
In addition to a cryptocurrency storage wallet, SafePal is also known to many investors for its SFP tokens and airdrop events with attractive rewards.
The fever from Akita Inu in the Crypto market in the past time has created a great buzz along with the rapid development of the "dog house token".
What is IoTeX? This is a blockchain built and developed in conjunction with the Internet of Things (IoT). Join TraderH4 to learn this article.
What is OKB? OKB is an exchange coin of OKX and the OKX Chain blockchain. Let's learn about OKX and OKB exchanges with TraderH4 in this article.
DROPP GG brings an innovative and novel idea to provide an NFT mint platform based on geographies outside of the real world.
CronaSwap is a DEX built on Cronos Chain, which has a similar model to Uniswap.