About Chainlink: Difference between revisions
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<h2>Key Points</h2> | <h2>Key Points</h2> | ||
* Chainlink is not a blockchain. | * Chainlink is not a [[Glossary#Blockchain|blockchain]]. | ||
* Chainlink is a blockchain middleware. | * Chainlink is a blockchain [[Glossary#Middleware|middleware]]. | ||
* Chainlink is blockchain agnostic, meaning it can provide native oracle support for any network | * Chainlink is blockchain agnostic, meaning it can provide native [[Oracles|oracle]] support for any network | ||
* Chainlink is a heterogeneous (diverse in character or content) network that supports the creation of any number of independent [[Oracles|oracle networks]]. | * Chainlink is a heterogeneous (diverse in character or content) network that supports the creation of any number of independent [[Oracles|oracle networks]]. | ||
<h2>Vision</h2> | <h2>Vision</h2> | ||
The following vision statement was published in the article "[https://blog.chain.link/sustainably-growing-chainlink/ Sustainably Growing the Chainlink Network]. June 2022" | |||
''"From day one, the goal of Chainlink has been to provide the most secure oracle services possible to unlock DeFi and equip global industries to realize the power of [[smart contracts]]."'' | ''Chainlink is focused on serving as a generalized [[Glossary#Decentralized|decentralized]] [[Glossary#Off-chain|off-chain]] computation protocol that allows [[Glossary#Web3|Web3]] [[Smart contracts|smart contracts]] and [[Glossary#Web2|Web2]]’s existing systems to obtain decentralized services that meet the hyper reliability, provable security and decentralized accuracy guarantees needed to make them a trust-minimized application. <ref name="GROWING_CL">https://blog.chain.link/sustainably-growing-chainlink/</ref>'' | ||
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In the article entitled "[https://blog.chain.link/three-years-on-mainnet/ Three Years on Mainnet]", published in May 2022, the Chainlink team clearly state their overriding vision. | |||
''"From day one, the goal of Chainlink has been to provide the most secure [[Oracles|oracle]] services possible to unlock DeFi and equip global industries to realize the power of [[smart contracts]]."'' | |||
<H2>In depth</H2> | <H2>In depth</H2> | ||
In the most simplistic of terms, Chainlink brings additional functionality to smart contracts. | In the most simplistic of terms, Chainlink brings additional functionality to smart contracts. | ||
While Chainlink’s unique [[Oracles|oracle]] consensus was initially applied to decentralized data feeds, it is now expanding to include secure off-chain computation and [[CCIP|cross-chain interoperability]]. <ref name="GROWING_CL">https://blog.chain.link/sustainably-growing-chainlink/</ref> | |||
Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING | Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING | ||
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<br> | <br> | ||
<h2>Blockchain agnostic</h2> | <h2>Blockchain agnostic</h2> | ||
Chainlink is a blockchain-agnostic oracle network that can run natively on any blockchain without dependencies on other blockchains, meaning it can support public blockchains and enterprise blockchains. | |||
Blockchain-agnostic solutions are software and hardware that are compatible with many different blockchain networks, including layer 2s. They can seamlessly plug into multiple blockchain networks—transacting, reading, and making state changes—based on a single messaging format, framework, or interface. <ref =name"AGNOSTIC">https://blog.chain.link/blockchain-agnostic/</ref> | |||
https://blog.chain.link/chainlinks-blockchain-agnostic-design/ | https://blog.chain.link/chainlinks-blockchain-agnostic-design/ | ||
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<br> | <br> | ||
<H2>Chainlink Labs</H2> | <H2>Chainlink Labs</H2> | ||
FORMATION<br> | |||
HISTORY<br> | |||
REBRAND<br> | |||
Chainlink Labs is a provider of open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations. Chainlink Labs is dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain. | |||
<br> | <br> | ||
<H2>Advisors</H2> | <H2>Advisors</H2> | ||
Latest revision as of 03:31, 4 November 2022
Quick take - Chainlink
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Chainlink is an open-source infrastructure project that provides blockchains and blockchain based smart contracts with any type of data or computation that they cannot inherently obtain due to technical, financial, governance, or legal constraints. |
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Key Points
- Chainlink is not a blockchain.
- Chainlink is a blockchain middleware.
- Chainlink is blockchain agnostic, meaning it can provide native oracle support for any network
- Chainlink is a heterogeneous (diverse in character or content) network that supports the creation of any number of independent oracle networks.
Vision
The following vision statement was published in the article "Sustainably Growing the Chainlink Network. June 2022"
Chainlink is focused on serving as a generalized decentralized off-chain computation protocol that allows Web3 smart contracts and Web2’s existing systems to obtain decentralized services that meet the hyper reliability, provable security and decentralized accuracy guarantees needed to make them a trust-minimized application. [1]
In the article entitled "Three Years on Mainnet", published in May 2022, the Chainlink team clearly state their overriding vision.
"From day one, the goal of Chainlink has been to provide the most secure oracle services possible to unlock DeFi and equip global industries to realize the power of smart contracts."
In depth
In the most simplistic of terms, Chainlink brings additional functionality to smart contracts.
While Chainlink’s unique oracle consensus was initially applied to decentralized data feeds, it is now expanding to include secure off-chain computation and cross-chain interoperability. [1]
Chainlink is a permissionless protocol and an open-source framework for the creation of decentralized oracle networks that feed reliable and high quality data into your smart contracts and provide secure off-chain computation services. FROM SYL - NEEDS EDITING
Blockchains are highly secure and reliable networks for value exchange but lack the functionality to natively fetch external data or send data to off-chain systems in a manner that retains end-to-end tamper-resistance.[2]
Through the use of secure oracles, Chainlink extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner.[2]
History
Blockchain agnostic
Chainlink is a blockchain-agnostic oracle network that can run natively on any blockchain without dependencies on other blockchains, meaning it can support public blockchains and enterprise blockchains.
Blockchain-agnostic solutions are software and hardware that are compatible with many different blockchain networks, including layer 2s. They can seamlessly plug into multiple blockchain networks—transacting, reading, and making state changes—based on a single messaging format, framework, or interface. [3]
https://blog.chain.link/chainlinks-blockchain-agnostic-design/
Team
Chainlink Labs
FORMATION
HISTORY
REBRAND
Chainlink Labs is a provider of open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations. Chainlink Labs is dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
Advisors
Advisory Boards - Policy Making
In addition to their core offerings, Chainlink belongs to a number of organizations and advisory boards that are developing blockchain specifications and standardized frameworks aimed at boosting innovation, awareness and development within tokenized ecosystems.
Find out more HERE.
https://blog.chain.link/chainlink-enterprise-blockchain-middleware/
About Chainlink Resources
Our goal with the Wiki resource lists is to create authoritative archives for readings and other resources pertaining to specific topics.
As such, the Wiki aims to keep all resource lists current, consistent, accurate and clear.
Timeline
| Date | Media | Author | Title |
|---|
Educational
| Date | Media | Author | Title |
|---|---|---|---|
| N/A | Official Docs | Chainlink | Chainlink Overview |
| 25 Sep 22 | Article | Chainlink | Blockchain Agnostic: What, Why, and How? |
| 17 Sep 21 | Article | Chainlink | Chainlink’s Blockchain Agnostic Design: Native Oracle Support for Any Network |
| 17 Sep21 | Video | Chainlink | What Is Chainlink? |
| 25 Jan 21 | Article | Chainlink | What Is Chainlink? A Beginner’s Guide |
| 30 May 22 | Article | Chainlink | Three Years on Mainnet |