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Chainlink is a decentralized Oracle solution for Ethereum and its smart contracts. They are creating a system by making several Oracles, that work in a sense like freelancers, to retrieve information from a multitude of data sources that then aggregates the results. If an Oracle in the systems results deviate too far from the mean value, they will be excluded from the aggregation and will be punished by having less influence on future aggregation of data.
The Chainlink blockchain whitepaper states the system will be blockchain agnostic, so yes there will be other platforms in the mix, and they could likely be working on one right now, creating a proof of concept. What other major smart contract platform is there, out there…..The NEO Smart Economy!!!
Now I’m letting you all in on a little secret, Chainlink will boom in the next bull run. Why? Chainlink nodes!! There is a great tutorial on medium explaining the steps for setting up a node, and become an official node operator. You do have to have some tech skills, and the document is neutral to any operating system, linux, mac, or windows. Here is the link now
https://medium.com/chainlink/running-a-chainlink-node-for-the-first-time-4988518c95d2
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00:08 Beer Introduction-Jdubs Brewing Co. Passion Wheat-FL, US
00:42 Smart Contracts-What Are They & Why Do We Need Them
01:03 Ethereum Is The Grand Daddy Smart Contract Platform
01:16 Biggest Problem With Smart Contracts: Centralized Oracles
01:52 Example of Oracle Problems: Gambling dAPPS
02:30 The Decentralized Oracle Hero: Chainlink $LINK
02:37 What Chainlink Does?
03:16 Confirmed Chainlink Blockchain Partners
03:23 Confirmed Chainlink Enterprise Partners
03:49 Chainlink Is Blockchain Agnostic
04:05 Chainlink Working With NEO?
04:21 Malcolm Lerieder (NEO R&D Manager) Hints At Using $LINK
05:36 Get Yourself A Chainlink Node!!
05:59 Link Node Can Be Setup On Almost Any System
06:06 Beneifts of The Chainlink Node?
06:38 The Amount Of Money Flowing Through Chainlink = Yuge!!
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. In limited circumstances the speaker has been compensated by a third party. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.