-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
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Helping secure NFT mints and generate randomized NFT traits with @0xPandemic on @0xPolygon
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
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…
#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👇
Operating an official #Chainlink node with leading Middle Eastern telecom @STC_BHR