1/ Today in #Chainlink 🔗

"@tecnalia is excited to collaborate on research with the industry-leader in oracle solutions in order to discover new ways in which #Chainlink’s oracle technology can be applied in key global industries"

Beyond DeFi 🤔
2/ "#Chainlink VRF will be used as a part of @PolkaFantasy’s NFT marketplace to facilitate transparent and randomized NFT distribution models as well as generate unpredictable experiences and traits"
3/ "@CryptoZoonBSC has integrated #Chainlink Price Feeds for reliable pricing information within our #NFT marketplace, enabling various NFT collectibles and crypto assets to be listed at a stable price and then purchased in a different cryptocurrency"
4/ "With support from #Chainlink VRF, The Legends of Bezogia (@bezoge) aims to be the premier blockchain-based MMORPG when it comes to providing a thrilling experience for customers worldwide"
5/ "In this developer tutorial, @stephenfluin from #Chainlink Labs shows how to use Chainlink Keepers to automate smart contracts by giving them access to off-chain computation"

6/ "On a recent episode of the Empire podcast produced by @Blockworks_, #Chainlink Co-founder @SergeyNazarov joined host @JasonYanowitz to talk about the stages of adoption leading to #DeFi’s inflection point"


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More from @ChainLinkGod

12 Sep
There's a small misconception that the tx speed limit (throughput) on Arbitrum is capping the cost savings (already 90% lower than mainnet!)

But Arbitrum isn't running at capacity yet

The costs derive from posting data on L1 for security and will get more efficient over time Image
As the transactions on Arbitrum increase, the cost of generating a L1 batch of L2 transactions is spread across more transactions, lowering the per transaction cost

Additionally, things like BLS signatures hasn't been deployed just yet and neither has ETH2 data sharding
BLS signatures aggregates the signatures attached to user transactions together, decreasing the amount of data you have to put on the L1

ETH2 data sharding will increase the blockspace available on the L1 to post L2 transaction, lowering costs particularly as scale increases
Read 12 tweets
5 Sep
Warren, crypto is a permissionless, decentralized, censorship-resistant, non-custodial and transparent financial ecosystem that can be audited on-demand

A "shadow bank" is what you're protecting: rent-seeking, centralized, opaque, custodial and censorable financial institutions
>A public immutable ledger that can audited by anyone in the world every 13 seconds and which cannot be corrupted by any centralized entity

Yeah wow sounds super shadowy to me

>HSBC money laundering? Never heard of it, gotta protect my interests
Did you know that FDIC has no strict timeframe on when they are required to pay out any claims? It doesn't really provide consumer protection, it only provides a narrative so people feel like the funds are safe with custodians
Read 7 tweets
28 Aug
1/ Today in #Chainlink 🔗

"The #SmartContract Developer Bootcamp taught developers across the globe the fundamentals of smart contracts, #Solidity, and how @Chainlink decentralized oracle networks enable anyone to build hybrid smart contracts"
2/ "By integrating #Chainlink’s industry-leading decentralized oracle network, @VulcanForged now has access to a tamper-proof and auditable source of randomness needed to fairly randomize #NFT drops to users of the PYR fiat on-ramp"
3/ "Our first #Chainlink VRF enabled Gachapon — Zodiac Girls — launches today and continues the @dokidokifinance tradition of creating the most fun and fair way for collectors to obtain amazing #NFTs and for artists to launch their own collectible series"
Read 5 tweets
27 Aug
1/ Today in #Chainlink 🔗

"We’re delighted to announce that @Protofire, a blockchain development service provider, has been awarded a community grant to natively integrate @Chainlink oracles into @klaytn_official—Kakao’s global public blockchain platform"
2/ "By integrating #Chainlink’s industry-leading decentralized oracle network, @FarmPulsar now has access to a tamper-proof and auditable source of randomness needed to ensure that #NFT characters and pets complete the missions & fight randomly and fairly"
3/ "We’re excited to announce that @Holdefi — an innovative multi-chain money market protocol — has integrated #Chainlink Price Feeds on the #Ethereum and #BinanceSmartChain main-net"

Lending 🤝 Borrowing
Read 6 tweets
26 Aug
1/ Today in #Chainlink 🔗

"The team at @VenraiHQ are excited to announce the launch of an official @chainlink node that will make key Office of Foreign Assets Control (OFAC) compliance data accessible to #DeFi platforms operating on leading blockchains"
2/ "@hellofamwines are excited to announce that we have officially integrated #Chainlink Verifiable Random Function (VRF) to add a layer of fairness and accountability to our new project that combines real world physical assets with digital NFTs!"
hellofam.wine/blogs/chainlin… Image
3/ "We’re excited to announce that we have integrated #Chainlink Verifiable Random Function (VRF) on the #BinanceSmartChain mainnet"

Verifiably random coin flips 🪙
Read 6 tweets
25 Aug
1/ Why does #Chainlink need $LINK?

- Acquired by users to pay oracles for their services
- Subsidize new networks solving chicken or egg problem
- Tie node operator revenue to token whose value is tied to network
- Eventually staked by nodes for further cryptoeconomic security
2/ Fundamentally, having a native token solves the chicken and egg problem

Users aren't going to pay to use a network that is insecure or doesn't exist, and nodes aren't going to contribute to a network without paying users

A token subsidy solves this
3/ Additionally, tying the revenue and holdings of Chainlink node operators to a native token whose value is derived from the health of the network incentivizes the proper operation of the network due to their skin in the game
Read 9 tweets

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