Kanga Exchange announces the listing of the Chainlink token (LINK). The token now trades against BTC.
Deposits open: 2 July 2019, 12:00 PM (UTC)
Market opens: 2 July 2019, 12:00 PM (UTC)
About the project:
Building a truly valuable smart contract requires the use of multiple inputs to prove contractual performance, as well as multiple outputs to affect outside systems and/or send payment to complete the smart contract. Chainlink provides your smart contract with the inputs and outputs it needs to reach its full potential.
As developers begin to implement their chosen smart contract, they encounter a connectivity problem; their smart contract is unable to connect with key external resources like off-chain data and APIs. This lack of external connectivity is due to the method by which consensus is reached around a blockchain’s transaction data, and are a problem for every smart contract network.
Connecting smart contracts to data inputs through a single node, creates the same problem which smart contracts themselves seek to avoid, a single point of failure. With a single oracle node, your smart contract is only as reliable as that one node.
Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure, and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.
(Description based on information provided by the issuer. Kanga Exchange is not responsible for any errors or inaccuracies.)
More information at: https://chain.link