Posted 2 years ago | by Ben Armstrong
Chainlink Standing Apart From Other Projects
One of the biggest problems in blockchain has long been interoperability. Interoperability is a fancy way to say how well do blockchains communicate and work together on a code level. While there are thousands of cryptocurrencies, there aren't nearly as many blockchains as many of those coins are built on other platforms. And even with as few active blockchains as we have in the crypto landscape, on their own they can't integrate with each other. And even beyond that, blockchains are basically on an island not being able to integrate with anything outside of its own chain.
That's where Chainlink comes in.
Chainlink has developed its own oracles that serve as intermediaries to different blockchains and to the outside world. These oracle solutions are able to interact with off-chain resources. Without interoperability, blockchains will have a hard time making an impact outside of the crypto echo chamber many of us live in. Chainlink is helping blockchain to advance further. Also, Chainlink's oracles are also decentralized which creates trust because there is not a single point of failure.
Along with making much headway in the area of interoperability, Chainlink investors have also seen the project soar above 99% of the crypto world in terms of price movement this year. While many altcoins are in the range of 15-20% of their all time high, Chainlink has created a new all time high with no signs of slowing down through this year.
Two more projects have now announced they will be using Chainlink services. Callisto Network will be integrating their network with Chainlink oracles. Callisto is decentralized open-sourced crypto platform and has its own coin called CLO.
Along with Callisto, Zilliqa will also be integrating with Chainlink. Zilliqa launched its own mainnet earlier this year. Zilliqa will be working with Chainlink to "ensure a special adapter will successfully connect external data feeds to Zilliqa smart contracts." Zilliqa is a very legit project and working with Chainlink oracles could take it to the next level.
If you haven't looked into Chainlink then it may be the time to do so. It's one of the most fascinating projects in crypto.
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