ChainLink

ChainLink

LINK

PRICE (USD)
$ 2.04
MARKET CAP (USD)
$ 712.6 M
DAILY VOLUME (USD)
$ 80.6 M
NUMBER OF EXCHANGES
65
SOCIAL MEDIA
   

(92%) Average Rating
Team Quality:
Info Quality:
Track record:

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Team Quality
Info Quality
Track record

mistergrin posted on November 17, 2019 23:45:40

(Disclosure: I do not hold any LINK at time of writing)

Chainlink or their token LINK has been one of the best performing projects, price-wise, in all of 2019. On the highest level, their project enables the use of "oracles" with smart contracts. Basically if you want to integrate your smart contracts with accurate real-world data then you need oracles. That's why Chainlink is so important for the crypto space.

They also have built a technique called Threshold Signatures where a decentralized network of oracles talk to each other and then come to consensus before broadcasting their final result to the network. This is a brilliant approach imo and requires great technical expertise to be able to build such a system.

They have a solid team that has made numerous public appearances at major conferences around the world. They've also built great tech that enables provably secure connections to external data. Definitely a project to follow as they've always exuded an aura of professionalism and is doing important work in the crypto space.

One thing that I wish they would do is put out a detailed and public roadmap so that we can track their progress and see if they are shipping promptly. (This may change in the future but for now it is not available) If they did that and delivered on their milestones then I would bump their Track Record up to 5 stars.


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