Discover and read the best of Twitter Threads about #Chainlink

Most recents (24)

#Web3 builders across the world are coming together to learn about #Chainlink and the benefits of cryptographic truth.

This week, connect with your local Chainlink community at events in #Phuket, #NYC, #LA, #TelAviv, and #Chicago Image
On May 9th in Phuket, discuss the future of the #metaverse with leaders from @Dashpay, @initeio, and @master_ventures at this Chainlink Plugged-In event:
eventbrite.com/e/chainlink-ph…
On May 10th in New York City, explore the #multichain future of Web3 and projects building on #Fantom with speakers from @EverRise and @FantomFDN:
meetup.com/Chainlink-New-…
Read 6 tweets
1/11
The pain of a #DEX trader = frontrunning BOTs that steal you of great value trades, slippage and swap fees.

The value for money and ease of trade trading on #Binance or #Coinbase is missed on a DEX.

Until @KromatikaFi .. shutterstock,com person showing empty wallet
2/11
Limit trades have been missing from #DEX protocols. They are a staple in traditional finance, also appearing on #CEX like #Binance or #coinbase.
Range orders on #uniswap are not the same as limit trades.

Limit orders on #1inch are slow to get filled.

Until @KromatikaFi .. Motley Fool image explaining market orders vs limit orders
3/11
This is what prompted the devs of @KromatikaFi to create a product that tackles every one of these problems with ease.

Now you get BOT protection, no slippage, no swap fees and the orders are filled quickly via @chainlink keepers and utilizing @uniswap liquidity. ten-steps-to-developing-your-big-idea_1036354855
Read 17 tweets
These days, NFT+DeFi is a big hit! While the market capitalization of #NFT is rapidly increasing, the trading volume is not as high as anticipated. This demonstrates the NFT's liquidity problem. Capital inefficiency and price discovery are at the root of this problem.

A thread👇
Many methods have emerged to address this issue. We categorize them here into 3 types of solutions: launching NFT-based tokens, fractionalizing NFT, and lending NFT. We will concentrate on the NFT Lending track due to the limited application scope of the first two methods!

2/
P2P Lending and Liquidity Pool are the two types of NFT Lending projects. @NFTfi is indispensable when it comes to NFT P2P lending. It is well-known for being the first to implement NFT+DeFi, despite its mechanism being.

3/
Read 12 tweets
1/6
Esta imagen del 2017 fue una de las razones que me hizo voltear hacia #Chainlink.

En esos años estaba estudiando Smart Contracts y me di cuenta de su increíble potencial.

Un #hilacho sobre oráculos y su importancia en el contexto de Blockchains.
2/6
Un oráculo, en el contexto de una red distribuida, provee de datos del mundo externo a todo el código, que ahora ejecuta acciones de acuerdo a esta información.

Son como los "ojos" de los Contratos Inteligentes, sin los oráculos estarían completamente ciegos.
3/6
Con una arquitectura como #Chainlink, es posible proveer de datos a cualquier red, ya sea Ethereum, Avalanche, Near, etc.

A esto se le conoce como "Blockchain agnostic".
Read 6 tweets
#Chainlink is moving society from weak paper promises to tamper-proof agreements built on a strong foundation of cryptographic truth.

Explore today’s announcements on #Ethereum and #Polygon.
Supporting provably random gameplay with @Ragnarok_NFT on Ethereum
Read 4 tweets
Today in #Chainlink integrations:

-Securing NFT mints and generating randomized traits with VRF
-Monitoring the backing of tokenized products with Proof of Reserve
-Accessing accurate data with Price Feeds

🧵👇 Image
Helping secure NFT mints and generate randomized NFT traits with @0xPandemic on @0xPolygon
Monitoring the physical gold reserves backing a tokenized gold product with @cache_gold on #Ethereum
Read 4 tweets
#Chainlink in 8 tweets

Here are the most important things you need to know about Chainlink, the decentralized oracle.

A thread 🧵👇
1. Smart contracts cannot fetch external data. The only way to efficiently get data into the blockchain is for a software component called an “oracle” to input it into the blockchain. A centralized oracle would have complete control over a smart contract’s outcome.
2. #Chainlink uses a decentralized network of independent entities (oracles) that collectively retrieve data from multiple sources. This data is then aggregated and validated, and finally delivered to the smart contract as a single data point.
Read 13 tweets
#Chainlink 101: the decentralized oracle

Chainlink’s decentralized oracle networks provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. Here’s your everything guide to #Chainlink and its token $LINK.

A thread 🧵👇
2. Blockchains are meant to be extremely secure. Information is available to all users of the network. But smart contracts can reintroduce counterparty risk.
3. Many smart contracts require data from the real world (e.g flight information or asset prices) to execute commands. This data, however, is not stored on blockchains.
Read 27 tweets
As highly requested, the MEGA Thread on $HBAR is here.

In this thread we will discuss the history, technology and team behind Hedera Hashgraph and how it is currently faring in the bear market.

A full comprehensive research will be published (wait till the end).

/THREAD
In any thread of a project, its' important to give the project context for readers who are unfamiliar with $HBAR.

-The live Hedera price today is $0.215 USD.

-The current CoinMarketCap ranking is 34, with a live market cap of $4.2 M USD.

-It was funded through a 2018 ICO.
Now that we can see $HBAR is a prominent project with an even stronger community.

Let's talk about the "Unique Selling Point" of $HBAR.

The first element I would like to talk about is "the gossip protocol"

I will use an analogy to make this simpler for you.
Read 24 tweets
1/ Cryptographic truth is a new form of trust-minimized computing & record-keeping with superior properties to the methods used today.

This 15-part 🧵 explores how blockchains generate cryptographic truth and how #Chainlink vastly extends its application into the real world.
2/ Cryptographic truth is the combination of cryptography and decentralized consensus to deterministically compute applications and generate a “golden record” for all activity between users.

But how exactly are cryptography and decentralized consensus applied in blockchains?
3/ Cryptography is the science of securely communicating in the presence of adversarial behavior. Cryptography is used primarily to

-keep data confidential
-authenticate data origin
-validate data integrity
-establish non-repudiation in communication

Read 15 tweets
#Chainlink trust-minimized services are integral to innovative #DeFi, gaming, and #NFT projects across the #multichain ecosystem.

Explore today’s integrations across #BNBChain and #Polygon🧵👇
Read 5 tweets
By establishing #Chainlink as the industry standard oracle solution today in the early stages of smart contract adoption…

The revenue opportunities at peak adoption become massive, where it’s well acknowledged that Chainlink is a requirement to make your use case possible
This can only be achieved by focusing on adoption growth via user acquisition in the early days

The initial costs of fueling growth isn’t free, but if successful, will pay for itself many times over

Fund growth -> Establish position today -> Monetize industry growth
But this needs to be taken with a realistic approach

The goals need to be set clearly with a practical ten year game plan to sustain growth

Just giving people tokens for contributing little to nothing attracts just mercenary capital, capital must reinforce a moat
Read 11 tweets
1/ Looking to level up your #DeFi knowledge?

Explore these #Chainlink deep dives to learn the core principles of DeFi and how it's reshaping the financial tech stack through transparent decentralized applications🧵👇
2/ Learn what decentralized finance is and how it presents a new, permissionless model for financial interaction. chain.link/education/defi
3/ Explore the uses of yield farming (or liquidity mining) and how it can help bootstrap new #DeFi protocols by rewarding users for provisioning liquidity or providing other value-adding services. blog.chain.link/defi-yield-far…
Read 5 tweets
#Chainlink continues to unlock smart contract innovation and advance the growth of #Web3 by providing #blockchain dApps secure access to off-chain data and computation.

Check out today's integrations👇 Image
Operating an official #Chainlink node with leading Middle Eastern telecom @STC_BHR
Read 4 tweets
Nouveau thread sur #Chainlink et "le problème de l'oracle":

Le problème: les blockchains ne peuvent pas communiquer nativement avec les systèmes et les réseaux du monde extérieur Image
Les contrats intelligents sont des applications qui transfèrent de la valeur ou exécutent des commandes sur des blockchains lorsque certaines conditions prédéfinies sont remplies. Cependant, toutes les blockchains ont cette même limitation fondamentale
Ce manque de connectivité externe, "le problème de l'oracle", empêche les contrats intelligents de vérifier les événements externes, de déclencher des actions sur les systèmes existants et d'accéder à des fonctionnalités avancées qui ne sont pas possibles sur les blockchains
Read 14 tweets
1/ #Chainlink VRF v2 is now live on mainnet, serving as an upgrade for the ecosystem’s most widely adopted verifiable randomness solution

The result? Five significant improvements in cost-efficiency and configurability

Let’s break it down 🧵👇
2/ For context, Chainlink Verifiable Random Function (VRF) is a secure random number generator (RNG) purpose-built for smart contract applications

Each RNG value is backed by a cryptographic proof that is verified on-chain, preventing manipulation from oracles, users, and miners
3/ Since its release, Chainlink VRF v1 has fulfilled over 3M requests for randomness and now serves over 2,300 smart contracts across multiple blockchains

Use cases include:
- Fair NFT minting
- Loot box drops
- Lotteries/raffles
- On-chain gaming dApps

Now onto the upgrades
Read 15 tweets
Potion Community!

🧙🏻‍♂️ Would you like to protect your #cryptoassets from volatility?
#potion #potionprotocol #defi #crypto #cryptocurrency #trading #cryptotrading
Learn about the Potion protocol here:
🤝 With Potion Protocol, you can create an on-chain, transparent, fully-collateralized put option via a smart contract that will pay out immediately whenever necessary.

The power of insurance is in your hands!

#options #collateral #blockchain #ETH #BTC
🧠 Potion protocol give insurance buyers get the best price by routing the purchase to the cheapest combination of LP insurers.

🕶 If you want to save on gas fees, Potion Protocol also offers existing potions at your disposal to protect your assets.
Read 9 tweets
#Chainlink's wide range of secure off-chain data and computation services continue to unlock utility for #dApps across the #multichain ecosystem.

Today, integrations across #Avalanche, #BSC, #Ethereum, #Fantom, and #Polygon 🧵👇
Providing verifiable randomness to BLOK party games with VR-based #metaverse platform @bloktopia on @0xPolygon
Calculating gas fees and real-time conversions with @EverRise on @avalancheavax, @BinanceChain, Ethereum, Polygon, and @FantomFDN
Read 4 tweets
From helping to secure leading #DeFi protocols to providing key infrastructure for the developing #metaverse, #Chainlink is at the forefront of smart contract innovation.

In NYC, Denver, or Bangkok? Don't miss these upcoming in-person events to expand your knowledge of #Web3.
For those of you in #NYC, @MBRichardson87 from @Bancor and @PaulErlanger from @dydxprotocol will explore the tools driving the growth of the #DeFi space.

Hear their thoughts at @betaworkstudios on 2/15.
eventbrite.com/e/evolving-def…
If you're in #Denver, experts from @AaveAave, @0xPolygonHermez, and @RarePizzas will discuss how #NFTs are reshaping digital ownership and provide the foundation for an interoperable #metaverse.

Don't miss this #ETHDenver satellite event on 2/16.
eventbrite.com/e/nfts-and-the…
Read 5 tweets
1/ Version v1.1 of the #Chainlink core node software has been released! 🏗️

This update includes a number of key reliability, security, and efficiency improvements for Chainlink node operators.

🧵 In this thread, we'll explore some key new features.
2/ Multi-Chain Support:

As a beta feature, Chainlink nodes can now connect to multiple EVM chains simultaneously, enabling the creation of cross-chain jobs.

This is part of the groundwork required for the Cross-Chain Interoperability Protocol (#CCIP).
3/ EIP-1559 mode:

Support has been added for EIP-1559-style transactions, which can help facilitate faster confirmations and reduce gas costs during & after gas price spikes.

This allows node response times to become more consistent during network congestion.
Read 9 tweets
#Chainlink decentralized services enable developers to create advanced #dApps that leverage:

🌎 Secure real-world data
🎲 Verifiable randomness
🤖️Smart contract automation

Explore today’s announcements across #BSC, #Ethereum, & #Polygon🧵​​👇
Read 5 tweets
1/ Smart contract adoption is no longer isolated to any one network.

Instead, there is now a growing diversity of layer-1 blockchains, sidechains, and layer-2 rollups, presenting developers with a significant opportunity.

A thread on cross-chain smart contracts 🧵
2/ The growth of the multi-chain ecosystem over the past year came as a result of user demand for low-cost transactions.

The introduction of new on-chain environments, with each network offering unique advantages, gave developers and users alike more choice & flexibility. Image
3/ As a result, many devs began deploying their existing smart contract code across multiple blockchain networks, creating multi-chain smart contracts.

These contracts enabled projects to increase their user base and even experiment with new features in lower-cost environments.
Read 9 tweets
#Chainlink decentralized services continue to bring enhanced transparency and utility to #dApps across the #multichain ecosystem.

Explore today’s announcements on #BSC and #Ethereum 🧵👇 Image
Generating randomness to power in-game loot boxes with @GalaxyWarNFT on @BinanceChain
Calculating trading fees using secure pricing with @PhalaNetwork on Ethereum
Read 5 tweets
1/ Video games have become a hugely popular form of entertainment over the past 50 years, and adoption shows little sign of slowing down.

Underpinned by #blockchains and #NFTs, play-to-earn models offer a new way to distribute gaming value.

A thread explaining #PlayToEarn 🧵👇
2/ Play-to-earn games offer built-in ownership of in-game currency & items in the form of cryptocurrencies & NFTs.

These digital assets hold a direct connection to a larger, interconnected digital economy with real-world value through blockchains.

But why is this important?
3/ In-game value, or value assigned to in-game items and related digital goods, is commonplace within many games.

This can be seen in existing third-party Counter-Strike: Global Offensive (CS:GO) markets, community-run MMORPG marketplaces, and many similar markets.
Read 8 tweets

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