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About Chainlink

From Chainlink Community Wiki

Revision as of 03:35, 21 June 2022 by Reggie (talk | contribs)

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.

Vision

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

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.[1]

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]


REVIEW NEEDED Chainlink is secure, open-source blockchain middleware (referred to as an “oracle”) that provides smart contracts with any type of data or computation that they cannot inherently obtain on their native blockchain due to technical, financial, governance, or legal constraints.

Unlike blockchains, which maintain internal consistency around transaction validation, Chainlink aims to generate and deliver oracle reports to blockchains that accurately reflect the state of external events and computation. Chainlink oracles are able to generate oracle reports because the Chainlink oracle node software can read data from and write data to blockchains and APIs and perform off-chain computation. REVIEW NEEDED

History


Blockchain agnostic

https://blog.chain.link/chainlinks-blockchain-agnostic-design/


Team


Chainlink Labs


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

Effective resource lists encourage wider reading and provide a more in-depth understanding of a topic.


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.

However, if users feel there are omissions, please contact the site admin with details of resources they feel should be added, making sure to include links, a brief description, and the importance of said resource.

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