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ChainLink
Chainlink is the most widely used oracle network for powering hybrid smart contracts, enabling any blockchain to securely access off-chain data & computations.
About
Chainlink’s open source oracle system provides smart contracts in the Web 3.0 ecosystem with decentralized oracles that will reliably connect those contracts with key off-chain resources like data feeds, APIs and various payment methods. As part of the collaboration, Chainlink plans to create an implementation for the Polkadot project, making a large amount of off-chain data feeds, various APIs, and traditional payment services available to all contracts on the Polkadot network. Chainlink uses a decentralized oracle network (multiple Chainlinks nodes) to validate the data before it triggers the contract. This eliminates single points of failure and maintains the overall value of a highly secure, reliable, and trustworthy smart contract. Data made available by the oracles parachain, that Chainlink plans to implement, can be leveraged by all blockchains in the Polkadot network. This data can be used to trigger smart contract messages and settle transactions across different chains.
Primary Token:
LINK
Price:
$13.98
Total Supply:
1 000 000 000
Circulating Supply:
467 009 550
Market Cap:
$6 540 305 206
Trading Vol 24:
$504 999 586
Deactivated Topic
TEA Project
About
The TEA Project provides a platform where rich, decentralized applications can run at native speeds across a decentralized network of computing nodes. It solves the Blockchain Trilemma by offering a scalable, decentralized, and secure blockchain without compromising any aspect.
The TEA Project builds on many emerging projects and paradigms which in and of themselves are not sufficient to solve the Blockchain Trilemma. Blockchains like Ethereum provide a world computer where smart contracts can run in a decentralized manner. They are further augmented by Web3 innovations like IPFS, a peer-2-peer file system that stores files decentralized. But smart contracts by themselves cannot currently run complex algorithms. Attempts to do so have shown smart contracts to be too slow or too expensive as they lack the processing power compared to modern cloud computers. A layer-2 solution would be needed to offload the computation tasks as long as it could provide a similar trust level as the layer-1 blockchain. By combining blockchain with IPFS and trusted hardware (TPM and GPS modules), the TEA Project achieves scalable speed without compromising security or decentralization.
Tokens: TEA, CML
W3F Grants:
Gluon - Decentralized Hardware Crypto Wallet Services — First delivery