Seeking Alpha
2022-08-02 22:47:16

Chainlink: A Blockchain With Undeniable Value

LINK provides a bridge between crypto and real-world applications.There are unlimited uses for LINK, and a limited number of tokens.I predict LINK could ten-fold from here.Thesis SummaryChainlink (LINK-USD) is a unique blockchain that builds a bridge between crypto and the real world. Its unique approach to oracles makan excellent great tool for smart contracts to facilitate value securely.Given the initial rally we have seen in LINK, I believe that the following bull run LINK could exceed $80, giving this coin 10x return potential.TechnologyChain Link is the first decentralized network of oracles. An oracle is the software that allows outside data to enter into a blockchain.As we know, blockchains are secure due to their decentralized and immutable nature. They allow anyone to participate in the blockchain, and its data is stored and validated continuously.However, blockchains face an obstacle when they try to expand beyond r own network. This is usually done through smart contracts, which are applications that leverage the power of the blockchain. But these applications sometimes rely on outside data. This is where oracles step in and where Chainlink changes the game.Oracles are the vehicle through which outside data is introduced to blockchains. But if these oracles aren't secure themselves, security breaches can occur. Oracles are traditionally centralized, but ChainLink provides a network of decentralized oracles that con...

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