Recently, MYKEY Lab integrated Chainlink oracles to connect to their smart wallet with retail payments, electronic signatures & biometrics. Chainlink also permits MYKEY’s Decentralized Identity solution (KEY ID) to provide for the data source for smart contracts.
TotleCrypto have recently integrated with Chainlink to make their Aggregated DEX Data available to smart contracts. The Dapps will query Chainlink nodes to gain deep insights into the DEX space and to use it in the execution of DeFi applications like the DEX-based derivatives.
Sydney Ifergan, the crypto expert, tweeted: “Recently, ChainLink and Tezos have been performing well. As we are approaching the Bitcoin Halving, LINK is also beginning to trend in ranges.”
Volatility is expected with LINK as the range tightens. It also seems like the BTC is holding up the USD level of ChainLink.
Most of the investors are concerned about the price that has been flat since March. Crypto is not a get rich thing. There is a lot of work going on in the back end. The value is representative of the amount of work that has gone into it. There is a certain flat point for every token, and this does not mean that LINK is dead.
In fact, Link is reinventing every day about making tamper-proof smart contracts.
Sergey Nazarov tweeted: “Thanks for everyone’s interest during the readylayerone conference concerning how oracles can help expand what smart contracts are capable of on various blockchains.” He further shared his slides and expressed his excitement about having at Chainlink while working on multiple chains.
ChainLink (LINK) Oracle Reputation
ChainLink Oracle Reputation (COR) illuminated about the performance of Oracles on the Chain Network. The community is happy in that it is getting well done.
The COR facilitates the data insights and visualization tools that are designed to make it possible for Chainlink oracles to analyze and improve their performance. COR’s engine permits Ethereum users and builders to evaluate and sustain a consensus on the oracle reliability, rather quickly.
The major features are profiles for each Chainlink oracle, including total transactions, response metrics, and reported data. There is a dashboard for the Chainlink network with uptime service for API providers.
Thus, making it easier to compare, analyze, and build Oracle Reputation on the ChainLink Network. The efficiency of the Oracles gets compared, considering the links earned, highest and lowest average response blocks, and the highest and lowest average response seconds.
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