Chainlink CryptoThe Key To Smart Contracts & Upcoming Mainnet on Ethereum

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Chainlink is going live soon as the mainnet launches on Ethereum, but what has Chainlink been up to and why do it matter?

ûntsluting: This is an unpaid review for a project that was deemed worthy of research time, opname en it pleatsen foar edukative doelen. furthermore, Ik op dit stuit hawwe net ynvestearre yn dit projekt, mar kin beskôgje dogge dus yn 'e takomst.

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Chainlink CryptoThe Key To Smart Contracts & Upcoming Mainnet on Ethereum

31 comments

  1. Oanrekommandearre HINNE & WALLETS
    GET FREE CRYPTO
    abra – KRIJE $25 YN BTC – (US bank deposits or AMEX)- https://invite.abra.com/p9lwV0WqCR
    COINBASE – KRIJE $10 Free Bitcoin on Sign up! https://bit.ly/2zqeVfV
    FLOEISTOF – KRIJE $10 FREE cry (verify & make $100 trade) – https://www.liquid.com?affiliate=Gtrf6wJG586147

    TOP EXCHANGES
    BINANCE – #1 Crypto Exchange https://www.binance.com/?ref=10192350
    BITMAX -https://bitmax.io/#/register?inviteCode=FBWCAVIQ
    nash – https://nash.io/referrals?code=2JWpfo
    BINANCE JE – BUY Crypto IN pounds & EURO https://www.binance.je/?ref=35019746
    KUCOIN – Awesome For Low Cap Gemshttps://www.kucoin.com/#/?r=18a8f

    Certified CRYPTOCURRENCY Brokerage
    kaleb & BRÚN – Brokerage – Trade OTC like the big guys https://bit.ly/2Feq8F6

    TAKE YOUR SECURITY SERIOUSLYGET A HARDWARE WALLET
    LEDGER NANO https://www.ledgerwallet.com/r/6877
    TREZORhttps://shop.trezor.io?a=Aw902Rsted

    LEARN TO TRADE LIKE THE PROS
    TRADER COBB 10% OFF CODE THELARK10https://tradercobb.com/?ref=169

  2. Everyone like this guy he’s the only one that reply’s to msgs others don’t he takes time for us that’s a quality youtuber.

  3. Excellent, Lark. I am happy that you have presented an update on Chainlink, in the near future we will all see the true wealth of LINK, the accumulation of LINK is a must, in my humble opinion.

  4. Low marketcap gem: SNTVT take a look lark. They are going to maximize bandwidth and security for the actual web by replacing slow protocols like HTTP with UDSP. You dont have to make a video, but do plz at least read the wp for your self. Im not shilling, Im sharing. Thanks for the review on LINK.

  5. Great video mate! It was a pleasure meeting you and talking to you about Chainlink in Sydney the other week. Good to see that you’re back into it.

  6. One of the suggested videos on the rightWhat is Bitquence? Should you invest?” – De Krypto- Lark. 😀

  7. Another great video Lark—thank you. Longtime Chainlink fan and LINK holder .. I think they’ll linkely be seen as a cornerstone of the DLT economy in the future. I’d also be curious to hear your thoughts on Enigma if you get the chance (developer beta of Discovery just launched). And most importantlythanks for pronouncing “data” right—truly a scholar, and a gentleman 🙂

  8. This appears to be really really useful. It’s sometimes hard to discover what problems some projects are trying to solve but with Chainlink the it’s crystal clear. I wonder if it’s worth running a node?

  9. The tokenomics of the LINK token.

    1. Chainlink nodes will be paid in LINK tokens only. There will be conversion tools for people that want to use fiat but will be converted to LINK. at the end of the day only LINK tokens can power the network since the nature of ERC-677 token, built specifically for LINK, is to transfer data.

    2. LINK tokens are used as collateral value. Smartcontracts will use Chainlink nodes that carry a % value of LINK to the value of the Smartcontract. So yes, you can start a node without LINK but no one will use it. High value smartcontracts or any contract that has value will use nodes that carry the same or a % of value of LINK.

    3. Decentralized networks that are home to smartcontracts will need decentralized data to execute. Chainlink is currently the only option. Thats why you will see everyone in this space partner with Chainlink

    Smart contract creators will demand a certain level of reputation or amount of collateral, to be paid in LINK tokens, that suits the value of their smart contract. A $1million bond would require a lot more collateral, than, say a smart contract dealing with $100. You wouldn’t select the low rep/low collateral available nodes for something like a huge bond. Chainlink is actually targeting these high value contracts. Sergey has discussed at length why high value contracts in the financial world require a decentralized oracle: it puts all the risk onto the oracle rather than the smart contract creator. The smart contract creator doesn’t risk losing moneythe node operators do. The Chainlink network is genius like that.

    There is infinite amount of collateral available because the token price can rise to meet it.

    Now you have to research how large ALL these markets are. derivatives, insurance etchint: Trillions.

  10. Wow amazing explanation that was really good Lark! I think you can be a cryptocurrency teacher at uni man! Thanks so much!

  11. Lark always comes at projects from such logical stances. You’re the man brotha, hope we can grab a beer when I’m out in New Zealand 🤙🏽

  12. The purpose of Chainlink is a network that incentives truthful data provided by individuals running LINK nodes (aka known as mining 2.0) while also providing compensation to smartcontracts just in case false data was used to trigger an agreement.

    So the price will rise not only to meet the insured needs of smartcontracts but also because the LINK node miners are making money providing this service much like the price of BTC. (there are about 3 main factors that make the price rise one of them from mining and difficulty)

    Its very simple.

    The more LINK staked in the nodes, the more profit one can make running that node.
    The more LINK staked in the nodes the bigger the smartcontract economy can become.
    The more LINK staked in the nodes the more stable the network/connectivity becomes.
    Finally
    The more LINK staked in nodes the higher the price becomes.

    We are witnessing something really special. The birth of the HTTP equivalent in Crypto.

    The only comparable investment to LINK is when BTC or ETH first came about. Decentralized digital currency, Decentralized smartcontracts and now Decentralized oracle network. This trifecta will lead us into the next economic boom.

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