Blockstack’s Clarity Smart Contracts Will Source Data From Chainlink Oracles

In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network. Chainlink (LINK) has unveiled its new whitepaper on Thursday, which details a planned expansion and pivot into creating oracle networks for computation. The proposal would see Chainlink generalize its oracle network into a “meta layer” of Decentralized Oracle Networks, or DONs.The new architecture supports a larger selection of use cases, expanding its suite of services to off-chain computation of data. In Chainlink’s vision, these computational oracles would create a class of “hybrid smart....

Polkadot parachains can now choose to add Chainlink price feeds to their runtime. Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework.The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library.The announcement comes as the latest result of a long-standing collaboration between Chainlink and Polkadot, now offering a....

Chainlink the Whitepaper for its second iteration. Chainlink 2.0 has been created to allegedly take the “next steps in the evolution of decentralized oracle networks”. With one of the most used applications in DeFi, these protocols need oracles to feed them with off-chain information. In the new iteration, Chainlink could go beyond, as the document […]

Oracles, according to Cryptopedia, are protocols for smart contracts in the blockchain industry to interact with external data. Smart contracts are essentially computer programs that run within a blockchain and automate a set of transactions when certain conditions are met. Thus, smart contracts contribute to the complete decentralization of the blockchain industry by allowing transactions to take place automatically and without the intervention of a third party. As appealing as the concept of blockchain as a self-contained, permissionless, and trustless system is, it would have no....

Fran Strajnar, CEO of BraveNewCoin, tells Cointelegraph about the development of oracles as Ethereum’s missing link to make smart contracts truly useful to the regular business world. Bridging the gap. Ethereum promises a host of smart contract applications from gambling to ridesharing. The technology still is, however, very much in development, and much of its current use remains either speculative or hypothetical, with few day-to-day operations of regular businesses relying on smart contracts. This is because Ethereum smart contracts only have access to information on their own....