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Chainlink releases new whitepaper in a shift toward smart contract computations

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 contracts” where part of the logic could be offloaded to…

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The Missing Link: How Chainlink’s Pallet Aims to Deliver Greater Informational Access

As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama. Blistering Growth in Defi and Smart Contracts Beckon New Layer of Trust As the smart contract revolution continues to gain traction, the fissures and flaws in existing infrastructure that supports these transactional protocols are becoming more apparent. Among the chief issues facing smart contracts, costs and security are the main factors in the spotlight. To continue growing and scaling these unique protocols while not only…

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Oracle Projects Surge in Value: Weekly Stats Show LINK, Band, DIA, API3 Captured 2-Digit Gains

Following the boom of non-fungible tokens (NFT) tied to NFT marketplaces and tools, oracle-based tokens are now seeing their valuations rise. During the last seven days, a number of oracle tokens have seen steep gains between 7% to even 45%. Oracles Token Projects See Seven Day Gains Jump Not too long ago, tokens associated with NFT markets and tools saw prices soar amid the non-fungible token hype. Just recently, Bitcoin.com’s newsdesk reported on the decline in NFT sales and NFT interest has dropped in recent times as well. Following the NFT-related pump, a great number of oracle protocol tokens are…

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Decentralized Exchange Uniswap Reveals Protocol Version 3 With New Automated Elements

Roughly 28 months ago, the decentralized exchange (dex) Uniswap version one (v1) was released and then in May 2020, version two was launched with new features. The dex is by far the largest decentralized trading platform among its competitors, as the exchange swapped $7.1 billion during the last seven days. On March 23, Uniswap launched version three, which features new elements like concentrated liquidity, advanced oracles, and multiple fee tiers. Developers Reveal Uniswap v3 When the cryptocurrency space was still young back in the early days, decentralized trading platforms were merely a vision. When a few did arrive many dex…

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Polkadot’s Substrate 2.0 integrates oracles at a protocol level

The blockchain can now see its environment. The Polkadot team released on Wednesday a major milestone for its Substrate blockchain framework, which now provides a way for blockchain applications to interface with the outside world without relying on external oracle providers. Substrate is the name used for Polkadot’s blockchain building framework. It provides developers with a variety of tools to design their custom blockchain for a variety of possible applications. The blockchains can then be launched stand-alone or integrated in Polkadot’s network of shards, or “Parachains.” The most important feature of Substrate 2.0 is the “off-chain worker,” a development module…

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RIF Gateways Integrates With LINK For Oracles On Bitcoin’s Network

RIF gateways integrates LINK’s oracles in order to become the first Bitcoin-based smart contract platform to close the gap between data oracles and the biggest cryptocurrency in the world so let’s find out more in today’s Chain link news crypto. RIF Gateways integrates with Chainlink while most of the ETH-based smart contract platforms are integrating the blockchain oracles for other purposes. RSK stands out in becoming the first Bitcoin-based smart contract platform that will bring closer data oracles and Bitcoin. Developers will be able to make the most of the opportunities that Chainlink provides while capitalizing on the security of…

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Bluzelle Reveals Decentralized Oracle to Enhance DeFi Project Security and Price Reliability

Singapore, August 27, 2020 — Decentralized data network Bluzelle has released details of a new oracle intended to enhance security for DeFi projects as well as to interact with fully decentralized databases. The decentralized Bluzelle Oracle will also provide valuable infrastructure in the form of a high-demand price feed for DeFi applications, such as those Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Chainlink Developer Activity Almost Double Bitcoin’s In the Last Year

Reflective of its dominance both on the partnership and price action fronts, Chainlink hot streak continues as developers continue to submit commits on GitHub, enhancing the platform’s features.  Chainlink’s Developer Activity According to CryptoMiso on Aug 17, the number of Chainlink’s GitHub commits stood at 4,189 from 51 contributors, nearly doubling Bitcoin’s at 2,152 from over 100Read MoreRead More. The post by Dalmas Ngetich appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Data Indicates Chainlink and Band Protocol Are Due for a Correction

Investors are overwhelmingly bullish on Chainlink’s LINK and Band Protocol’s BAND tokens.  Still, different on-chain metrics suggest these competing oracle tokens are bound for a wild downward ride. LINK Whales Offload Their Bags Those who dared to short Chainlink over the past few weeks have been left in the dust. The decentralized oracles token continues trending upwards, having surged by a whopping 127.5% since the beginning of the month. The swift price action allowed LINK to steal the crypto spotlight as prices recently hit a new all-time high of over $17.7. Chainlink was able to take a 4% share of…

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CoinMarketCap Launches Crypto Educational Program That Rewards in BAND Tokens

Today, Aug 12, CoinMarketCap (CMC)—a website that tracks the performance of different digital assets, announced a program that will see learners in select jurisdictions earn cryptocurrencies by completing educational tasks. For a limited period, CMC users will learn about the oracle problem and how solutions presented by the Band Protocol helps power the open finance, orRead MoreRead More. The post by Dalmas Ngetich appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August 9, a few days after another listing on Coinbase. Before the Huobi listing,…

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South Korea’s Largest Blockchain Network, ICON, Integrates Band Protocol’s Cross Chain Oracles to Connect Real-World Data across Asia Pacific

BANGKOK – 22 July 2020 – Sequoia-backed, cross chain data oracle platform, Band Protocol, integrates with South Korea’s largest blockchain network, ICON, highlighting the expansion of real-world applications for secure and scalable data oracles. Band Protocol and ICON will work together to support ICON’s network of Decentralized Applications (dApps) by providing secure and verified data to theRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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South Korea’s Largest Blockchain Project ICON Connects Cross-Chain Data Oracle Band Protocol

by Richard Kastelein Band Protocol, a Sequoia-backed, cross-chain data oracle platform, has integrated with a blockchain network ICON to form South Korea’s largest Blockchain Project to date. The merger highlights the expansion of real-world applications for secure and scalable data oracles. “We are excited to be integrating with ICON and expanding the use of data oracles in South Korea where the blockchain industry is very developed and welcomed by authorities,” said Soravis Srinawakoon, CEO & Co-founder of Band Protocol. The two will work together to support ICON’s network of Decentralized Applications (dApps) by providing secure and verified data to the ICON…

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This Multi-Asset Crypto Fund Will Operate India’s Only Oracle Node on BandChain

A multi-asset crypto fund manager will become India’s first-ever operator of a BandChain oracle node, according to a release on Monday. Only Indian BandChain Node Operator Woodstock Fund, a specialized multi-asset investment fund focused on blockchain and crypto-startups said it will operate a delegated-proof-of-stake node for Band Protocol’s decentralized oracle network. Woodstock’s managing partner HimanshuRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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What’s Behind Band Protocol’s Spectacular One-Month 300% Pump?

Its alt season and that means nearly every passing day a new altcoin is taking center stage and providing investors with wild returns. Over the last several weeks, the story has been focused on the unstoppable altcoin Chainlink. But now, things have turned toward another decentralized oracle solution, called Band protocol. Band has pumped since the start of July by well over 300% and is still soaring. What’s behind the crypto asset’s spectacular single-month surge? Band Practice: Was Chainlink Just Clearing The Way For a New Oracle Protocol? Altcoins everywhere are booming. Bitcoin dominance falling from recent highs has left…

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