Chainlink: What Is It, History and How to Buy – Yahoo Finance

Chainlink: What Is It, History and How to Buy – Yahoo Finance


chainlink

chainlink

Chainlink is a blockchain-based cryptocurrency network that provides a link between real world data and smart contracts. It also offers a tradable cryptocurrency token called LINK, which is used to pay for smart contract transactions on the Chainlink network. LINK tokens also hold their own relevant value in comparison to fiat currencies. The platform helps carry out smart contracts, which are blockchain agreements that automatically complete upon the filling of necessary preconditions. Chainlink helps oracles, or outside data sources, to act as liaisons between themselves and the blockchain. Investing in cryptocurrency can be confusing, so consider working with a local financial advisor.

What Is Chainlink?

Chainlink is a decentralized, blockchain network that helps bridge the gap between oracles that send real world data and smart contracts that exist on the blockchain. While using individual oracles to gather this data for smart contracts technically defeats the purpose of a decentralized blockchain, it’s attempting to solve this problem by instead decentralizing the system that uses individual oracles and APIs to gather and verify the data that’s relevant to these contracts.

Chainlink can generate multiple subcontracts, while also taking data from only the most trustworthy nodes and oracles for premium accuracy. Although there isn’t a cap on the number of smart contracts the platform can handle,
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How DeFi Is Minting the Next Class of Millionaires – Worth

How DeFi Is Minting the Next Class of Millionaires – Worth

While Bitcoin has smashed record-high after record-high this past year, low market cap “alt-coins” are where savvy investors currently find the biggest returns.

Photo courtesy of Executium via Unsplash

The upcoming millionaire class has more in common with degenerate gamblers heading to Foxwoods than Warren Buffett. They hurl their retirement funds into cryptocurrencies with colorful animal icons, mocking financial iconoclasts like Buffett for panic selling Delta stock at the onset of the pandemic. They gather in Telegram chatrooms to trade tips, mobilize support around certain digital assets and talk smack about bears and naysayers.

“If I’m not getting a free Lexus airdropped into my phone multiple times a month, I’m doing something wrong,” one blockchain enthusiast told me last month as we discussed how the decentralized cryptocurrency exchange Uniswap gave all its users 400 free tokens last year to celebrate the release of its new digital coin (UNI, which features a pink unicorn as the icon).

Today, those 400 coins would be worth $12,000.

The virtual world these crypto fiends operate in is called “decentralized finance,” AKA “DeFi.” While Bitcoin has smashed record-high after record-high this past year (its current price hovers at $55,000), low market cap “alt-coins” are where savvy investors currently find the
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How Will Blockchain Technology Change the World? – The Motley Fool

How Will Blockchain Technology Change the World? – The Motley Fool

Cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have risen dramatically in price and have received a ton of attention over the past couple years. But the real game changer could be the underlying blockchain technology. In this Fool Live video clip, recorded on March 18, Gemini cryptocurrency exchange co-founder Cameron Winklevoss explains to The Motley Fool’s Anand Chokkavelu why decentralized finance is such an important innovation.

Anand Chokkavelu: What’s something in the blockchain/crypto universe most people today can’t envision at all, but will take for granted five years from now?

Cameron Winklevoss: I think one of the most interesting developments has been decentralized finance. That’s really had a boon over the past year, where people are building projects that are permissionless, where you can lend and borrow funds. You can trade. You can just show up to these smart contracts and send your collateral in and transact, you don’t actually need permission to do that.

It’s really rearchitecting big pieces of the financial system in a decentralized, permissionless manner, which is super exciting, and it’s all being built on Ethereum. I think the next question a lot of people would have would be, “How
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Cardano Blockchain Achieves 100% Decentralization – Community Now Controls All Block Production – Yahoo Finance

Cardano Blockchain Achieves 100% Decentralization – Community Now Controls All Block Production – Yahoo Finance

Bloomberg

Record-Setting $49 Billion Asia IPO Boom Is Likely to Taper Off

(Bloomberg) — As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets. The firms raised $49.3 billion through first-time share sales at home and abroad — a 154% jump over the same period in 2020, data compiled by Bloomberg show.IPOs globally raised an unprecedented $215 billion, with almost half of that haul coming from the record wave of issuance by special-purpose acquisition companies in the U.S.Now, a global rotation out of highly-valued tech and health-care stocks that have dominated market activity, as well as fading excitement around SPACs in the U.S., is clouding the outlook for new deals.“Inevitably, there is a mark to market of comparable valuations,” said William Smiley, co-head of equity capital markets at Goldman Sachs Group Inc. in Asia ex-Japan. “In terms of our pipeline, there hasn’t been any significant impact from the recent rotation, but opportunistic issuance may have decelerated.”Asia’s IPO space faces an added challenge:
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Decentralized Finance Is Building A New Financial System – Forbes

Decentralized Finance Is Building A New Financial System – Forbes

Decentralized finance, also known as DeFi, uses cryptocurrency and blockchain technology to manage financial transactions. DeFi aims to democratize finance by replacing legacy, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services, from everyday banking, loans and mortgages, to complicated contractual relationships and asset trading.

Centralized Finance Today

Today, almost every aspect of banking, lending and trading is managed by centralized systems, operated by governing bodies and gatekeepers. Regular consumers need to deal with a raft of financial middlemen to get access to everything from auto loans and mortgages to trading stocks and bonds.

In the U.S., regulatory bodies like the Federal Reserve and Securities and Exchange Commission (SEC) set the rules for the world of centralized financial institutions and brokerages, and Congress amends the rules over time.

As a result, there are few paths for consumers to access capital and financial services directly. They cannot bypass middlemen like banks, exchanges and lenders, who earn a percentage of every financial and banking transaction as profit. We all have to pay to play.

The New Way: Decentralized Finance

DeFi challenges this centralized financial system by disempowering middlemen and gatekeepers, and empowering everyday people via peer-to-peer exchanges.

“Decentralized finance is an unbundling of traditional finance,” says Rafael Cosman, CEO and co-founder of TrustToken. “DeFi takes the key elements of the work done by banks, exchanges and insurers today—like lending, borrowing and trading—and puts it in the hands of regular people.”

Here’s how that might play out. Today, you might put your savings in
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Blockchains Strengthens Decentralized Identity Capabilities with Acquisition of evan GmbH – MarTech Series

Blockchains Strengthens Decentralized Identity Capabilities with Acquisition of evan GmbH – MarTech Series

Blockchains, Inc., a Nevada-based blockchain technology company committed to protecting and empowering individuals, today announced its acquisition of evan GmbH. Headquartered in Dresden, Germany, evan focuses on building for the new economy through its blockchain-based decentralized identifier solutions.

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“Developing a trust infrastructure based on digital identity is key for cooperation on the blockchain. Enabling parties to transfer trust from the real world to the digital world is what led us to Blockchains,” said Thomas Müller, evan’s co-founder and CEO. “Digital identity is in Blockchains’ DNA. We are very excited to be joining the Blockchains family and working with like-minded innovators and visionary developers to empower individuals and businesses.”

In 2018, the founders of evan GmbH set out to jump-start the movement to Web 3.0 by developing decentralized identifiers for businesses to interact directly with each other without an intermediary, by leveraging automation and a trust and trace-based methodology. Evan’s core technologies have significant implications for Blockchains’ suite of solutions currently in development. The companies plan to integrate evan’s solution stack with Blockchains’ digital platform, to empower individuals to control their personal information and assets.

Recognized as one of Gartner’s Cool Vendors in Blockchain Business in 2020, evan is a contributor of the W3C, an international consortium where member organizations and the public work together to develop Web standards. Additionally, the company is a member of the Decentralized Identity Foundation
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Blockchain Comes Under Data Privacy Scrutiny | Arent Fox – JDSupra – JD Supra

Blockchain Comes Under Data Privacy Scrutiny | Arent Fox – JDSupra – JD Supra

Blockchain Explained

Blockchain is an immutable and decentralized digital ledger, which records transactions taking place in a peer-to-peer network. In simple form, blockchain is a database that contains data within blocks, which are all connected. Nothing within this database can be deleted or modified after it has been validated and added, but more data can be added to the database.

Blockchain enables and facilitates the process of recording transactions and tracking assets in a given blockchain network. A common misconception of blockchain is that all transactions are anonymous, when in fact, they are typically pseudonymous. Although blockchains and the transactions can be anonymous, most blockchains typically operate as public ledgers, which enable the ability to track transactions or assets to a given transaction or source.

While there are numerous blockchain platforms, perhaps the most recognized blockchain platforms are the Bitcoin blockchain and Ethereum, the blockchain for Ether. The Bitcoin blockchain is credited with sparking the adoption of blockchain as it sheds light on the potential of decentralized finance. However, Ethereum is the blockchain platform that has emerged as the catalyst for innovation because of its ability to enable the building of “smart contracts” and “distributed applications” (DApps).

A smart contract is a self-executing agreement stored on a blockchain with the terms being written in computer code. Each smart contract is programmed to execute certain actions upon the completion of the identified terms. If the terms of the smart contract are not completed, the smart contract will not execute. Smart contracts are vital
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Is blockchain decentralized enough? This middleware provider doesn’t think so – Cointelegraph

Is blockchain decentralized enough? This middleware provider doesn’t think so – Cointelegraph

A decentralized platform that provides infrastructure services for DApp developers and users says its goal is to deliver safety and stability.

According to Apron, the world remains reliant on the centralized artifacts of the Web 2.0 era — and its network is designed to serve as the foundational layer for the next generation.

While the team acknowledges that Ethereum has contributed to DApps exploding in popularity, they say operating nodes on this blockchain is both expensive and energy intensive — prompting a centralized support structure to emerge.

Apron Network is designed to shake things up by improving the infrastructure service ecosystem of the Web 3.0 world. Based on the Substrate framework, it can serve as a parachain of both Kusama and Polkadot, and delivers solutions that power the effective development of DApps and DeFi developers.

Apron’s service marketplace matches infrastructure service providers with DApp developers — and provides rankings for each of the options available. 

‘The Polkadot of middleware’

Apron says that its goal is to become the middleware of blockchain — and pave the way for cross-chain collaboration and scalability. 

The platform has been conducting technical docking with Seascape, Stafi, Dora, SubDAO and a plethora of other projects, and is establishing cooperation with the likes of Polkadot, Kusama, Ethereum, Binance Smart Chain and Huobi’s Eco Chain (HECO.) Partnerships have also been secured with Phala, Kylin, IOST, DEGO, Darwinia, Litentry, Bifrost and Math Wallet.

Earlier this month, Apron successfully developed and launched a set
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Distinguish “Smart Contract” From Abstract Idea To Pass Blockchain Patentability Scrutiny – JD Supra

Distinguish “Smart Contract” From Abstract Idea To Pass Blockchain Patentability Scrutiny – JD Supra

The Situation

Smart contracts are often mentioned in blockchain-themed patent applications and recited in claims. However, Examiners without a thorough understanding of this concept or unfamiliar with blockchain technology often equate smart contracts with legal or commercial contracts stored on blockchains. As a result, the Examiners may find claims directed to merely applying the blockchain technology to execute legal or commercial contracts, for example, as part of a commerce system, like hedging. See, e.g., Alice Corp. Pty. Ltd. v. CLS Bank Int’l, 134 S.Ct. at 2356 (citing Bilski v. Kappas, 561, U.S. 593, 611 (2010)).

Without detailed explanations of “smart contract” set forth in the specification, patent prosecutors may find themselves in anuphill battle against the abstract idea finding. What makes it worse is that several mainstream online sources often explain “smart contract” in a narrow sense or an incorrect way, from where Examiners may have looked up and gathered an impression. For example, Wikipedia tells its readers that “[a] smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement” (emphasis added). See here. For another example, Investopedia provides that “A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code” (emphases added). See Investopedia.

Although smart contracts have been found to revamp many traditional areas, narrowly interpreting smart
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Distinguishing to Pass Blockchain Patentability Scrutiny – The National Law Review

Distinguishing to Pass Blockchain Patentability Scrutiny – The National Law Review

The Situation

Smart contracts are often mentioned in blockchain-themed patent applications and recited in claims. However, Examiners without a thorough understanding of this concept or unfamiliar with blockchain technology often equate smart contracts with legal or commercial contracts stored on blockchains. As a result, the Examiners may find claims directed to merely applying the blockchain technology to execute legal or commercial contracts, for example, as part of a commerce system, like hedging. See, e.g., Alice Corp. Pty. Ltd. v. CLS Bank Int’l, 134 S.Ct. at 2356 (citing Bilski v. Kappas, 561, U.S. 593, 611 (2010)).

Without detailed explanations of “smart contract” set forth in the specification, patent prosecutors may find themselves in anuphill battle against the abstract idea finding. What makes it worse is that several mainstream online sources often explain “smart contract” in a narrow sense or an incorrect way, from where Examiners may have looked up and gathered an impression. For example, Wikipedia tells its readers that “[a]
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