Chainlink - Why its The Pick & Shovel For Crypto GOLD

[zaygatsby]

PICK CRYPTO GOLD -> https://www.youtube.com/watch?v=AkBa6H_-8TI

ChainLink is the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of Eth/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the if so the then comes back. Now with Oracles smartcontracts can automatically confirm or deny if then statements without any human interaction. Transactional automation for agreed upon terms on steroids.

Anyone can now ingrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

Take a look at the indepth review and make a decision for yourself.

Newbie account, but check my history fam.

[professorchaos]

Yeah I'll bump this.

Link has a real token use and actually does solve a huge problem. The sky is the limit on this token. SWIFT wants to implement their oracle solution as soon as possible... main net will go live later in Q4 2017. Fidelity (financial firm that manages over $2 Trillion in assets) is also one of the 5 companies that used Chainlink during the testing phase (testnet).

But I'm not here to give you all of the details. What I've stated above is just a small and general glimpse in to the future of Chainlink.