LINK price is struggling to maintain its bullish momentum but derivatives data shows a clear path to $40 in the long term.
Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix. Launched in Oct. 2020, Chainlink’s verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (dApps). VRF provides an automated source of randomness to ensure prizes and rewards are issued in a verifiably fair fashion.For example, on Aug. 13, Arbitrum — a layer-two Ethereum scaling solution — launched a beta mainnet service integrated with Chainlink’s oracle data feed and intends to add a „Proof of Reserve” service allowing collateralized assets to be audited using the oracle provider’s web API.Chainlink offers a secure connection between smart c
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