Review on Chainlink by toan van
Chainlink coin has good technology
ChainLink is a decentralized Oracle network founded in 2017 by Smart Contract Company Chainlink Ltd., based in Cayman Islands.
Chainlink aims to solve off-chain sourcing issues with smart contracts for their performance parameters. Smart contracts are designed to execute automatically when certain parameters are met, however, when these parameters exist off-chain, there is a dependency on information sources (called orials). to provide the necessary information. Data entered into Blockchain through ChainLink is considered as a condition for activating Smart Contract to operate and create an output data (a payment, ownership certificate, data transfer request ...).
Chainlink is currently traded on many major exchanges including Binance, the current transaction price is 3.22 dollars at the time of writing.
Link is known by the value soared nearly 10 times from 2019 and partnered with technology giant Google.
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Pros
- Technical team with extensive experience in Blockchain and smart contracts
- Solve the link between smart contract and external data
- Collaborate with many technology giants including Google
Cons
- Although Link has increased 30 times compared to the original price, Link is still considered a coin manipulated too large when it has recently fallen to $ 0.001 on Binance
