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.

To see more details on this story and more, watch the latest video from BitBoy Crypto:

[youtube v="DPYt96E0vFk"]

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Zilliqa & Callisto the Latest to Work With Chainlink OraclesBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.