Thread by @ChainLinkGod

1/ #Chainlink is the most widely adopted decentralized oracle network across the entire blockchain ecosystem

$30B+ Total Value Secured
600+ Total Integrations
400+ On-Chain Data Feeds
550k+ Token Holders

Learn more by diving in the educational resources below 👇

2/ #Chainlink provides smart contracts access to a expanding range of decentralized services including:

💱 Price Feeds
🏦 Proof of Reserve
🎲 Verifiable Randomness
🔌 Any API
🤖 Keepers
⛓ Blockchain Abstraction Layer

Oracles are an enabling technology
chainlinktoday.com/an-introductio…

3/ Completing The God Protocols: A Comprehensive Overview of #Chainlink in 2021

Blockchains = body
Smart Contracts = mind
Oracles = sense

An in-depth exploration of Chainlink, its existing architecture, ecosystem, and role in the smart contract economy
smartcontentpublication.medium.com/completing-the…

4/ $LINK is the medium of exchange to pay #Chainlink nodes for their oracle services & will be staked by nodes as collateral for additional cryptoeconomic security

$LINK tokens also provide a subsidy to bootstrap the supply side of a two-sided marketplace
smartcontentpublication.medium.com/the-purpose-an…

5/ The value generated by decentralized applications will accrue to four layers

-Blockchains: On-chain function layer
-Oracles: Hybrid service layer
-External APIs: Off-chain resource layer
-dApp tokens: On-chain capital layer

All are complementary
smartcontentpublication.medium.com/how-dapp-value…

6/ #Chainlink is not a monolithic network but a low level framework for building decentralized oracle networks, akin to HTTPS

This heterogeneous design allows oracle networks to be crested consisting of any nodes, data sources, and security parameters
smartcontentpublication.medium.com/chainlink-low-…

7/ Chainlink's network effect generates an economies of a scale effect where every additional paying user lowers the cost for every existing and future user

As a result, users get access to the highest quality, most secure oracles at the lowest cost
smartcontentpublication.medium.com/chainlinks-net…

8/ Breaking Down the #Chainlink 2.0 Whitepaper

A podcast exploring the 136 page paper written by 14 academic researchers and oracle experts which was released in April of this year

Super-linear staking is explored among many new oracle innovations
open.spotify.com/episode/790Z3B…

9/ Learn more about the role of the $LINK token in the #Chainlink Network and its crucial role in generating cryptoeconomic security through implicit incentives, explicit staking, and network subsidies

Recorded together with @Crypto___Oracle
open.spotify.com/episode/4xoQEw…

10/ #Chainlink enables a vast array of smart contract use cases including

Decentralized Finance
External Payments
Gaming, NFTs, and Randomness
Insurance
Enterprise Systems
Supply Chain
Utilities
Authorization and Identity
Government
Much more

blog.chain.link/44-ways-to-enh…

11/ With the #DeFi ecosystem being powered by Chainlink oracles, it is crucial that the data being delivered is of the highest quality

There are many nuances to take into account when creating data feeds, explore some of the key points below
blog.chain.link/the-importance…

12/ More educational resources on #Chainlink can be found on the @SmartContent777 blog, the ChainLinkGod podcast, and blog.chain.link articles

Never stop learning my frens

13/ #Chainlink's Decentralized Oracle Networks are a crucial piece of the Web3.0 technology stack that powers a wide range of hybrid smart contracts

- Decentralized Finance
- Dynamic NFTs
- Proof of Reserve
- Keeper Automation
newsletter.banklesshq.com/p/why-we-need-…