What it's Chainlink? The DEFI king of cryptocurrency!!! Analysis

20 Feb 2021

I. Overview:

1. Chainlink it's a crytpocurrency that you can to connect your smart contract to the outside world using oracle network to provide reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain,
2. Chainlink have a highly secure and flexible infrastructure, their feature are:

• Reliable, tamper-proof network
  
• Seamless connection to any API
  
• Proven, time-tested solutions
  
• Transparent oracle computation
  

3. Chainlink it's based in the industry standard oracle network that expand the capability of smart-contracts by enabling access to read-world data, events, payment, feeds for DEFI proyect, and more without sacrificing the security and reliability guarantees inherent to blockchain technology.
4. Chainlink it's so popular in 2020, and Chainlink have others collaboraters with others cryptocurrency like Aave, Synthetix, Yearn.Finance, Google and Theta
5. This crytpocurrency are so important to use their solution what Chainlink create for us to be leading to DEFI proyects, called Decentralized Finance.
6. Chainlink have a large community of developers, researchers, and users who share the goal of building into the Chainlink blockchain for the good benefit of the entire blockchain ecosystem in the crytpocurrency.

II. Chainlink Features:

1. Use decentralization, trusted nodes, premium data, and crytographic proofs to connect highly accurate and available data/APIS to any smart contract.
2. Build on a flexible framework that can retrieve data from any API, connect with your existing systems, and intregrate with any blockchain, now and in the future.
3. Integrate battle-hardened any time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects.
4. Independently monitor and verify Chainlink's open-source code, the performance of its oracle network, and the quality of individual node operators.

III. The Chainlink Solutions:

A. Overview Solutions:

1. Remember, Chainlink connects smart contracts on any Blockchain to data providers, web APIS, enterprise systems, cloud services, IoT services, payment services, other blockchains, and much more.
2. What we can to use Chainlink form ?

• sports data
  
• assets prices
  
• price feeds
  
• shipping data
  
• medical data
  
• weather data
  
• Chainlink give you a smart contract secure to access to data feeds, APIS and payments
  
• Connected your smart contracts to the inputs and outputs it needs.
  
• Chainlink built a truly valuable contract to require the most use of multiple inputs to prove contractual performance, as well as multiple
  outputs to affect outside systems and send payment to complete the smart contract.2. What pretend Chainlink to resolve for smart contract and be the blockchain connected themselves?
• The smart contracts are inherently disconnected.
  Chainlink connects smart contracts to the real world. The problem it's when Blockchain are highly secure and reliable network
  for value exchange, but the lack the functionality to navively fetch external data or send data to off-chain systems in a manner that retains
  end-to-end tamper resistance.
  
• Others big problem it's that smart contract can't access data on their own and when developers implement their chosen smart
  contract, they encounter a connectivity problem. And their smart contract is unable to connect with key external resources like off-chain data
  and APIS.
  
• The lack of external connectivity is due to the method by which consensus is reached around a blockchain's transactions data and it's a
  problem for every smart contract network.
  
• Another problem it's when there're a lot centralization oracles, that are a point of failure. when we connected a smart contract to
  data inputs through a single node create the same problem that smart contract themselves seek to avoid for a single point of failure.
  

The most solution:
The solution it's to use Chainlink's oracles to extend the functionality of Blockchains by connecting smart contracts to real-world data, events, payments, and more with the highly tamper-resistance and realible manner in the Blockchain. Chainlink make a highly reliable decentralized oracle network. That means that provides the same security guarantees as smart contracts themselves. And by allowing multiple chainlinks to evaluate the same data before is becomes a trigger, and they eliminate any one point of failure and mantain the overall value of a smart contract that is highly secure, reliable, and trustworthly. In synonym, Chainlin it's a network so decentralized to prevent any lack of tamper-resistance in the on-chain and off-chain and imagine an arthery blood connected in your body when you hear about medicine and cells. That it's Chainlink, Chainlink it's a cell that work into the Blockchain technology to send payment, eventss, data, feeds and much more of their use in cases.

B. The use the secure oracle network for smart contract in the Chainlink Blockchain?

1. Chainlink oracle network eable you to easily connect your existing API to smart contract applications on any blockchain and capitalize on the demand for data in lot sectors as DEFI,insurance, and numerous others industries.
1. Chainlink use end-to-end decentralization to make up of independetn and sybil resistant nodes for high availability and manipulation resistance.
2. Chainlink provide crytpographic proof of the oracle networks overall security as every piece of data is digitally signed by nodes and stores on-chain using nodes.
3. Chainlink have a high-quality data that we can to access any password protected or authenticated API data source, redundantly validated by multiple nodes to prevent any single points of failure.
4. The crytpo-economic security provide a leverage binding service agreements outlining the terms of an oracle service with financial penalties for poor results.
5. Chainlink apply multiple layers of security such as crytpographic signatures, trusted execution environments, zero-knowledge proffs, and more.
6. Chainlink have an open source community to improve network security and accelerate development throught ongoing contributions from node operatiors, developers, researchers, security auditors, and more.
7. Chainlink cooonect to all leading publich and private blockchain environments from a signle framework, providing a universal abstraction level for cross-net work connectivity.

C. More Solutions:

1. Chainlink price feeds provide critical market data needed to issue, settle, and secure DEFI applications
2. Chainlink it's leading source of on-chain randomness to distribute random rewards, and power unpredictable gameplay scenarios
3. Chainlink esternal adapters allow developers to connect their smart contracts to any off-chain data resource or servives.
Example: weather data, events, online content. Another cryptocurrency it's Theta that use Chainlink oracles and blockchain technology for this
thing to developers create their video online content in their Theta blockchain based in the Chainlink technology. If you not know Theta, Theta
it's a crytpocurrenc that we can to create online content as video like You Tube media, but very good funciton what You Tube not have. But, I'm
admire and this proyect it's in my radar too to investment possible. But soon, I will going to create a Theta topics to talk about Theta.
4. Chainlink make easy blockchain adoption for enterprises.

IV. Chainlink Solution for DEFI:

1. Chainlink network provides tamper-resistant and high-quality price feeds furthering the growth of DEFI.
2. Chainlink make the network highfully decentralized and a secure infrastructure.
3. You can to use a high-quality data sources that avoid manipulation.
4. You can to use Chainlink to prove your smart contract end-to-end security for users.
5. How Chainlink work in the Defis solution in their use cases for?
a) Derivates: Chainlik use derivates platforms for the price of real-world assets in ordr to provide reliable on-chain valuations. You can
to synthetic assets, settle features contracts, or price options. Example of Use: Synthetix
b)Lending and Borrowing: You can to use Chainlink to issue and setle loans, liquidate collateral, and calculate interest payments.
Example of Use: Aave
c) Stablecoins: You can to use Chainlink to create stablecoins pegged to fiat currency, currency baskets or commodities.
d) Asset Management: You can to use Chainlink to enhance a Dex, adjust capital pools, or facilitate multiple forms of payments.
e) Chainlink VRF: Chainlink VRF provides crytpographically secure randomness for your blockchain-based gaming applications.

For more resources:
1. Chainlink Website: chain.link/
2. Chainlink Twitter: twitter.com/chainlink

My Personal Opinion & Analysis:

I see that Chainlink it's one of the competent crytpocurrency. As Chainlink it's trying to make easy our life using smart contract to know all facet as events, payments, decentralized finance and create assets vinculated whether currencies, commodities or whatever. Chainlink have all solution for us in the DEFI. The most that I like it's the security and how they'd create oracles to be a secure more free and protect the privacy of users and how Chainlink it's used for tops crytpocurrency as Theta, Aave, Synthetix and some companies as Google to facilitate a easy life to send payment in the real world into the on-chain and off-chain independly if crytpocurrency using public or private Chainlink, but Chainlin it's a giant crytpocurrenc yin our big radar from 2020, and 2021 it's could to make a big adoption in this year. Chailink it's one of my top crytpocurrency and reading new information what Chainlink website add. From I know Chainlink in 2020 at $10 dollar approximately, I put my eyes in this crytpocurrency in my big eyes when hit the first top 5 in the past year, now Chainlink it's in the top 10 crytpocurrency more popular. For that, I don't missing this giant crytpocurrency that people talk much. And also, I share you my Chainlinks price predicitons for the next bull rally. As Chainlink it's above of $34 dollars. My next targets will be the following: $50, $100, $500. $1,000 and $2,000. The chances that Chainlink goes so parabolic it's inevitable how much Chainlink bring us their adoption for our society. For that, I apply a strategy called Ethereum and Chainlink Strategy just open up an Cardano contract and keep this Cardano contract for longter term. noticed that Cardano it's another big radar in my eyes and excellent proyect that I choose, but I apply it to accumulate Chainlink, a lot Chainlink coins just keep my 1,000 Cardano contract to longer time until I decided to sell my Cardano contract and get Chainlink. The same I apply with Ethereum.

Guys, my purpose that I create this topis it's to update a new information that you should need to know in this crytpocurrency. For that, if you're intersting in Chainlink. We don't have any doubts that Chainlink it's one of the best crytpocurrency in 2021 as Chainlink do their adoption in the past year 2020 when the price it's undervalued and hit the maximum historic of $20 dollars. Now, Chainlink it's another crytpocurrency in the radar of everyone, included me that I'm so fanatic in this crytocurrency

I invite you to read my Ethereum & Chainlink strategy if you're interesting in this idea for your and the announce of new topics, themes and special analysis. We made it the first topic to talk about of Chainlink, now the next topic it's about of Chainlink/Bitcoin and Chainlink/Ethereum ratio to know their situation, but I believe that in the past months I create it, but I will going to find up, if it's here, I wil going to cancel this topics becuase it's was post and to not writing again the same information.