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Global ratings 48
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Type of review

Revainrating 4 out of 5

Smart contracts interconnection chain.

This is a utility token on the etherium platform that allows connecting smart contracts using this chain, allowing them to be executed outside of this, such as payments, sending encrypted data, among others. Its main utility is to offer blockchain-based solutions, in addition to unveiling really useful new tokens. In general, this is a platform that gives access and disposition to thousands of smart contract users that are basically not used or are unknown.

Pros
  • Important partnerships with many projects.
  • There is information on your agreement on links with SWIFT.
  • It has use cases at different levels.
  • It is listed in important exchanges.
  • Extensive liquidity in the markets where it is listed.  
Cons
  • Lack of general information about ChainLink, operation.

Revainrating 5 out of 5

functional with smart contracts

Launched in 2017, ChainLink is an intermediary blockchain that aims to connect blockchains with other applications outside the chain. One of the main disadvantages of smart contracts is that, because they are based on information secured in a blockchain, and because of the way in which miners reach a consensus on transaction data based on the blockchain , cannot interact with external resources such as payment systems.

Pros
  • Blockchain middleware that aims to connect smart contracts with real-time information on resources outside the chain.
  • It acts as a fully decentralized network of oracles.
  • Its platform offers a 24/7 technical service in case of a system error.
  • It established a partnership with SWIFT, a global provider of financial messaging services, to develop SWIFT Smart Oracle.
  • It is among the best cryptocurrencies in the market.
Cons
  • It may be affected if Ethereum offers improvements in the issuance of smart contracts on its platform.

Revainrating 5 out of 5

ChainLink, an interesting project that can make the link between off-chain information and on-chain information by offering users easy access to oracles while ensuring their reliability.

ChainLink is the oldest of the projects to provide an oracle-like service. When Ethereum was created in 2015, it revolutionized what blockchain could offer as a solution for companies. Before that, Bitcoin-type cryptocurrencies consisted mainly only of an alternative exchange of value allowing to remove intermediaries from transactions. With his smart contracts, the founder of Ethereum Vitalik Buterin has opened a Pandora's box which offers many applications for blockchain technology. But the…

Pros
  • The project aims to facilitate the acquisition and integration of off-chain information in a simple and efficient way.
  • Possibility of inserting the criteria of our choice to choose the oracles.
  • Oracles receive ratings reflecting their reputation, which will dissuade them from transmitting false information for fear of no longer being chosen and therefore, of no longer receiving a LINK token as payment.
  • Weighting of information provided by oracles when they are not completely identical.
  • The development team is perfectly suited to setting up such a project.
  • The project is agnostic about the blockchain used. Ultimately, its Oracle system will be able to work with blockchains other than Ethereum.
  • Ability to add "adapters" to improve the efficiency of certain processes.
Cons
  • Very little marketing around the project.
  • Only 35% of the tokens were sold to the public.
  • The development team does not communicate a lot about the progress of the project.
  • Competitors have appeared in the market and appear to be achieving their targets much more quickly.

Revainrating 5 out of 5

The power of Chainlink as a project is that it brings the blockchain to…

The power of Chainlink as a project is that it brings the blockchain to companies rather asking companies to come to the blockchain. That is why it is a game changer. This is a decentralized oracle solution for Ethereum and smart contracts, They are creating a system by making several oracles working in aggregation. The project isn’t the easiest to come to grips with, but once you do it’s easy to see how it can benefit the blockchain ecosystem massively going forward. This project is one of the

Pros
  • Advantages of Chainlink Project: Solving a real problem use case. -Project with a strong vision. -Strong team of advisors. -Established partnership with SWIFT.
Cons
  • Disadvantages of Chainlink Project: No specific plan for funding. -High valuation if hard cap reached $91.4 million. -Team is not fully developed. -Little info provided around ICO.

Revainrating 4 out of 5

Chainlink

That's an interesting project that will probably be a big step ahead if we compare it to Ethereum, although there are too few accomplished results, so it's early to say if Chainlink is a real thing or just a nice idea. Chainlink is supposed to be a blockchain that interacts with the data that is not on the blockchain (while Ethereum can't do the same). The information on ChainLink gets obtained via Oracle.

Pros
  • Ambitious and useful project.
Cons
  • It's early to make judgments about it. Too little results by now. ChainLink coin is not supported by most of the big exchanges.

Revainrating 5 out of 5

Price Peak

1. Team - behind the project is headed by a company called SmartContract, founded in September 2014. The leading figures creating the project include Sergey Nazarow - CEO, entrepreneur, in the blockchain industry present from in 2011; Steve Ellis - CTO, who cooperated with Nazarow as part of the Secure Asset Exchange, as well as a developer at Pivotal Labs; Ari Juels - professor of computer science at Cornell Tech, co-creator of the concept Proof of Work (PoW), one of the authors of white…

Pros
  • Strong team
  • order-matching contracts
  • aggregating contracts
  • reputation contracts
  • Actuall use case
  • Recently partnered up with MICROSOFT
Cons
  • The price is on the very peak right now be cerefull

Revainrating 4 out of 5

Further development of the ChainLink platform, however, has demonstrated a…

Further development of the ChainLink platform, however, has demonstrated a serious approach on the part of developers. The success of the project is highlighted by the partnership with the interbank system of data transfer and swift payments. This structure includes about 11 thousand banks around the world and the formed cooperation simplifies the use of smart contracts by these financial institutions. Further development of ChainLink is focused on increasing the practical application of smart

Pros
  • In the role of the Oracle ChainLink can be any organization that can provide relevant information. For example - stock exchange, payment system or banking structure. Within the smart contract and transactions, the accuracy of the data provided by financial institutions plays a special role. Matching and synchronizing smart contracts and external data will not only help avoid network errors, but also speed up information exchange. With the exception of mediation and the formation of direct communication channels, such processes will become more optimized, which will increase the attractiveness and ease of use of smart contracts.
Cons
  • At the same time, it is planned to issue up to a billion cryptocurrency tokens. According to experts, such a volume exceeds the potential activity of the user, which creates conditions for maintaining the low cost of coins. A negative factor is isolated and held ICO ChainLink. The planned crowdsale campaign failed, as a result of which the auction ended 10 minutes after their start. Many investors considered themselves deceived, which negatively affected the reputation of the developers and the project.

Revainrating 4 out of 5

We can consider ChainLink as a connection to external data for smart contracts…

We can consider ChainLink as a connection to external data for smart contracts. ChainLink aspires to be the bridge between the blockchain world and current business systems. This bridge is known as an oracle (not to be confused with the Oracle brand of databases). Without an oracle for smart contracts, a business would have to completely retool themselves into a blockchain-based operation in order to be compatible with blockchain. ChainLink is also working on a decentralized network of…

Pros
  • - ChainLink’s partnership with SWIFT, which is used by over 11,000 banks worldwide, allows ChainLink to easily partner with other financial institutions going forward. - With oracle, blockchain technology and smart contract will become vastly more useful. People would be able to execute different kinds of contracts in a trustless manner. - Network effect is present because the ChainLink platform is more useful when it is the go-to source for blockchain data feeds, so that users don't need to go to several sources for different types of data.
Cons
  • - marketing campaigns should improve actions and operations. - There is a significant risk for ChainLink investors about dependence on both the CEO and the SWIFT partnership. If any unfortunate uncontrollable event happens to either, this project could implode.