10-07-2022, 12:43 PM
CHAINLINK - A simple/compreenshive guide about it and why i think it's a good asset.
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/"> <img src="https://b.thumbs.redditmedia.com/SfxnF3MBGNJJohfY41ciCPRdGe2khuUVZtMA-Egpc5M.jpg" alt="CHAINLINK - A simple/compreenshive guide about it and why i think it's a good asset." title="CHAINLINK - A simple/compreenshive guide about it and why i think it's a good asset." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Chainlink is a decentralized network of nodes that take outside info (off-blockchain) to on-blockchain using oracles (oracles will allow blockchains to connect with external systems, allowing smart contracts to execute based on inputs and outputs, from the blockchain).</p> <p><strong>In short -</strong> Basically it will take information from outside and act as a intermediary for it to be accepted by other blockchains.</p> <p>And that's why ChainLink is so interesting. For examplel, let's say there will be a new stablecoin paired with Gold. Gold info is outside the blockchain so an <strong>Oracle</strong> will act as a bridge and give all the information necessarry to the blockchain for the stablecoin to come alive.</p> <p>Chainlink is part of the gigantic <strong>ETH</strong> ecosystem:</p> <p><a href="https://preview.redd.it/lxxdh31i1cs91.png?width=665&format=png&auto=webp&s=54352258979cd35ca1342e0e54358f2697ecdf71">If you don't understand ETH ecosystem, it has many layers and chainlink is inside the INFRASTRUCTURE & DEV TOOLING.</a></p> <p>Along side the funcionality it has inside that layer, it acts as an <strong>Oracle</strong> and is the biggest of them all.</p> <p><a href="https://preview.redd.it/xufukfiw1cs91.png?width=625&format=png&auto=webp&s=e550d557aa4661084ebd324965dd0789da971250">https://preview.redd.it/xufukfiw1cs91.png?width=625&format=png&auto=webp&s=e550d557aa4661084ebd324965dd0789da971250</a></p> <p><a href="https://preview.redd.it/fsmuna9d2cs91.png?width=1132&format=png&auto=webp&s=ffb1a20c1a08d8b04f4a008172428d669a2d1702">Even tho Maker is somehat big, looking at the number of protocols we can see the huge gap between them.</a></p> <p>Besides all of the above, a big pro regarind chainlink it's it <strong>upgrade</strong> comming next december and with all of the tweaks, the most interesting is the possibility to <strong>STAKE</strong> it.</p> <p>Usually, the market predicts these kinda of stuff and we might see big buys which will pump it's market cap and therefore, the coin price.</p> <p>Looking at potential gains, if chainlink hits the previous ATH, we talking about a <strong>570%</strong> valorisation.</p> <p>Link should be looked at as an <strong>medium/long term</strong> investiment.</p> <p>As always, DYOR and don't trust any random redditor.</p> <p>Safe investing guys.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FldLima"> /u/FldLima </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/"> <img src="https://b.thumbs.redditmedia.com/SfxnF3MBGNJJohfY41ciCPRdGe2khuUVZtMA-Egpc5M.jpg" alt="CHAINLINK - A simple/compreenshive guide about it and why i think it's a good asset." title="CHAINLINK - A simple/compreenshive guide about it and why i think it's a good asset." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Chainlink is a decentralized network of nodes that take outside info (off-blockchain) to on-blockchain using oracles (oracles will allow blockchains to connect with external systems, allowing smart contracts to execute based on inputs and outputs, from the blockchain).</p> <p><strong>In short -</strong> Basically it will take information from outside and act as a intermediary for it to be accepted by other blockchains.</p> <p>And that's why ChainLink is so interesting. For examplel, let's say there will be a new stablecoin paired with Gold. Gold info is outside the blockchain so an <strong>Oracle</strong> will act as a bridge and give all the information necessarry to the blockchain for the stablecoin to come alive.</p> <p>Chainlink is part of the gigantic <strong>ETH</strong> ecosystem:</p> <p><a href="https://preview.redd.it/lxxdh31i1cs91.png?width=665&format=png&auto=webp&s=54352258979cd35ca1342e0e54358f2697ecdf71">If you don't understand ETH ecosystem, it has many layers and chainlink is inside the INFRASTRUCTURE & DEV TOOLING.</a></p> <p>Along side the funcionality it has inside that layer, it acts as an <strong>Oracle</strong> and is the biggest of them all.</p> <p><a href="https://preview.redd.it/xufukfiw1cs91.png?width=625&format=png&auto=webp&s=e550d557aa4661084ebd324965dd0789da971250">https://preview.redd.it/xufukfiw1cs91.png?width=625&format=png&auto=webp&s=e550d557aa4661084ebd324965dd0789da971250</a></p> <p><a href="https://preview.redd.it/fsmuna9d2cs91.png?width=1132&format=png&auto=webp&s=ffb1a20c1a08d8b04f4a008172428d669a2d1702">Even tho Maker is somehat big, looking at the number of protocols we can see the huge gap between them.</a></p> <p>Besides all of the above, a big pro regarind chainlink it's it <strong>upgrade</strong> comming next december and with all of the tweaks, the most interesting is the possibility to <strong>STAKE</strong> it.</p> <p>Usually, the market predicts these kinda of stuff and we might see big buys which will pump it's market cap and therefore, the coin price.</p> <p>Looking at potential gains, if chainlink hits the previous ATH, we talking about a <strong>570%</strong> valorisation.</p> <p>Link should be looked at as an <strong>medium/long term</strong> investiment.</p> <p>As always, DYOR and don't trust any random redditor.</p> <p>Safe investing guys.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FldLima"> /u/FldLima </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xxspv1/chainlink_a_simplecompreenshive_guide_about_it/">[comments]</a></span> </td></tr></table>