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Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
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the-dream Offline
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Post: #51
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(09-21-2017 06:14 AM)CleanSlate Wrote:  
(09-21-2017 05:46 AM)the-dream Wrote:  Stupid question but how can I actually access my tokens?

You need to add a custom token in your MEW.

Click 'add custom token' on the right hand side, and you'll see three fields:

- address
- name
- decimals

In the case of Chainlink, you need to find its token address and copy into that field.

Type in LINK for name, and 18 for decimals.

Hope this helps. I had to do the same but it worked.

Thank you, I've got it Smile
09-21-2017 06:25 AM
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Post: #52
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Quote:Blockchain startup ChainLink has pulled in $32 million through its presale and initial coin offering, which closed yesterday. The company provides middleware to enable “smart contracts” running on a blockchain to access external data.

Smart contracts, or self-executing contracts, are one of the exciting promises of blockchain tech. They allow businesses and individuals to set service-level agreements with each other.

For example, imagine if airlines started offering smart contracts that would automatically refund 20 percent of your ticket fare if your flight misses its departure time by more than an hour. Or imagine if medical shipments to pharmacies were automatically halted and returned to the manufacturer if the shipping temperature exceeded a contracted limit.

As Coin Sciences’ Gideon Greenspan explains, these kinds of pie-in-the-sky use cases for blockchain have been unrealistic to date, since blockchains haven’t been able to reliably access a wide range of external data. But ChainLink plans to change that. It offers contract makers a whole network of “oracles,” or trusted external data sources, to choose from. With ChainLink, you can have a contract query one or several different oracles to check, say, flight departure times.

“When you type ‘interest rates’ into the ChainLink search bar, you’ll get a list of some 50 data feeds to choose from,” explained CEO Sergey Nazarov. “You copy and paste [from that data feed page on ChainLink] what your contract needs to do and copy that into your contract.” The developers who connect APIs to ChainLink are compensated with ChainLink’s LINK token each time someone uses their feed by the contracts that are requesting data from those feeds.

The company has had about 3,700 emails from developers interested in running a ChainLink, Nazarov said.

ChainLink is being built by the team at 3.5 year-old company SmartContract, based in San Francisco, which does custom enterprise smart contract rollouts. So far SmartContract’s biggest client has been inter-bank transaction network SWIFT, which has 11,000 banks in its network.

But one-off rollouts take time, require a hand-tailored API, and are, in effect, hard-wired to the chosen oracle; they don’t give you the flexibility of deciding how many data sources to query.

ChainLink will bring smart contract capabillites to anyone with high security and a lot more choice.

Without ChainLink’s network, Nazarov said, a company wanting to deploy a smart contract able to interact with an external data feed needs to develop an API for that data feed and then go to one of the few middleware providers working in this space who then wrap the necessary rules and calls into the smart contract. The application developer doesn’t get much flexibility in deciding how many of the blockchain’s nodes should query the data feed or how many data sources to query. Security is also a big concern. “If we’re transacting billions of dollars on these systems, we need them to be secure end-to-end,” said Nazarov. Having a decentralized system make a call to a single data source in order to execute a multimillion dollar contract could leave the system open to manipulation.

The coming generation of open-source oracles will come with more options and more security. Developers will be able to have their smart contracts query multiple disparate data feeds from many different nodes, cross-check them for consistency, possibly averaging the various inputs to reduce the chance of error.

ChainLink’s capabilties aren’t ready for rollout yet — the company is still working on its network — but the fresh fundraise should help move that work along.

Even after the company’s oracle network is rolled out, it could take five or so years to reach maturity, Nazarov explained. The biggest data providers realize this new model could be good business for them, but they’re not willing to take the jump until they see a decent volume of smart contracts in play. So we’ll likely see smaller and mid-sized data providers move in first, with the rest following later. And the pace at which key data feeds become available will, to a certain extent, dictate how quickly the whole ecosystem is able to develop.

https://www.cahfindit.com/news/1528219181
09-21-2017 07:29 AM
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Julio Offline
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Post: #53
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
So for the lucky ones who managed to get some tokens during the ICO, when do you plan selling them? I can see on EtherDelta that the price hasn't doubled yet. How far up do you think it can go?
09-21-2017 08:18 AM
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[email protected] Offline
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Post: #54
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I would recommend waiting until the SIBOS conference in mid October. It is likely the hype from SWIFT will be priced into LINK before the conference and probably afterwards too. It really depends how promising the news is. Some are predicting LINK price to be around $0.40-$0.50 before SIBOS.
09-21-2017 09:51 AM
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travolta Offline
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Post: #55
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
delete
(This post was last modified: 09-21-2017 02:06 PM by travolta.)
09-21-2017 01:33 PM
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thebassist Offline
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Post: #56
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(09-21-2017 08:18 AM)Julio Wrote:  So for the lucky ones who managed to get some tokens during the ICO, when do you plan selling them? I can see on EtherDelta that the price hasn't doubled yet. How far up do you think it can go?

I'm looking to parlay some of my LINK gains into the Request ICO. Unfortunately the ICO is on the 13th (SIBOS starts on the 16th) so I hope I'll be able to catch the pre-conference boost as much as possible.

By that time it should be hitting larger, more popular exchanges so I'm hoping for a 4x (marketcap of $130 million or so) by then.

Wouldn't sell off more than 25% that early on, a maximum of 50% eventually, but there are plenty of reasons why it would definitely be smart to keep holding on to LINK as the project progresses. Honestly I wouldn't be surprised to see this token in the top 20 by the end of the year.

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09-21-2017 01:48 PM
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void Offline
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Post: #57
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
https://www.sibos.com/exhibition/about-e...ors/sap-se
As ChainLink promises SAP integration and compability, SAP seems to have built a module for blockchain interaction already. Called SAP Leonardo.
If they pull off a serious development process, this would enable b2b payments to SAP software of companies that don't have SAP. But "ripple" might enable this already.

I should have waited with buying in. People flip it for gains right now.

Will it rise beyond 100 mio. market cap? I hope.

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09-21-2017 02:16 PM
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NewDayNewFace Offline
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Post: #58
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I invested a couple grand in ChainLink. The company is definitely solid and there is use cases for it definitely. How long until it is highly adapted? Probably will take a couple years when blockchain is main stream. But this is definitely needed. Good luck to the team and hopefully they deliver.
09-22-2017 09:22 PM
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void Offline
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Post: #59
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
any information when they will list on big exchanges?

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09-25-2017 03:06 PM
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NewMeta Offline
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Post: #60
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
@void, none yet unfortunately, they are very low on communication too so your guess is as good as anybodies.
09-25-2017 04:10 PM
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Bill Brasky Offline
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Post: #61
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(09-25-2017 03:06 PM)void Wrote:  any information when they will list on big exchanges?

There hasn't been a peep regarding exchanges. I've heard rumors about Bitfinex which would be a great start. Getting initially listed there is not easy.

I think Bittrex is out as apparently they are not listing any more tokens. The have good volume but I think they've drawn the attention of the SEC. I can't imagine them not listing it for any other reason. They will list the shitiest of shitcoin if it has good hype. Sometimes even if it doesn't.

Not a big fan of liqui and Hitbtc but they need to get on something soon.

If they truly are pushing for a Bitfinex listing then that would be the only excuse for waiting.
09-25-2017 10:04 PM
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semibaron Offline
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Post: #62
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
It's a common ERC20-Token? Then you won't have to wait for long.
09-26-2017 06:17 PM
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[email protected] Offline
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Post: #63
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Binance which is the #10 exchange by volume sent a representative to Chainlink slack to talk to the community organiser. Seems like they could be next to adopt LINK. A lot of people believe for whatever reason that Binance is where coins go to die. I'm not sure if true.
09-27-2017 07:05 AM
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NewDayNewFace Offline
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Post: #64
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
^They don't die but the price will definitely dump. I've seen it too many times. If a coin is going to be listed on Binsnce sell all asap and buy back in a day after the listing.
(This post was last modified: 09-27-2017 07:55 AM by NewDayNewFace.)
09-27-2017 07:55 AM
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Bill Brasky Offline
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Post: #65
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I imagine the minute LINK makes it official you will see a pump, then a massive dump. I'd get your sell orders ready.

Kyber taking a dump after getting on binance is what really vanished any notion that things pump when they hit binance. I honestly believed that Kyber would be different, it wasn't. Granted though, people that were in the ICO already had about 3-4x and were ready to get out and the market cap was definitely high.

Once DNT was listed on Binance in conjunction with a near listing on Bittrex followed by a swift denial, I lost about $3k. The price pumped very hard a day before the binance listing and I could have sold at nearly 2x had I sold. I'm holding a very heavy DNT bag but I don't plan on selling as I don't think that DNT can possibly go to zero. It was overhyped and a $200+ million market cap was completely nonsensical. I learned my lesson, DYOR. I only bought because Armogan mentioned it was a sure thing. I don't blame him, everything looked like a go with Bittrex.

Anyways, back to chainlink. Maybe, just maybe this time will be different but don't count on it. That said, LINK is definitely a long-term hold in my opinion. I already cashed out about 50% of my 2x gains with LINK so at least I'm in the green no matter what happens.
(This post was last modified: 09-27-2017 08:37 PM by Bill Brasky.)
09-27-2017 08:27 PM
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thebassist Offline
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Post: #66
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
The classic Binance dump is very unlikely for LINK for two reasons- first of all Chinese (AKA the most notorious dumpers) are now banned from the platform. I believe it was primarily Chinese investors unloading their DNT bags that caused it to crash so hard after the Binance listing. Second of all, and most importantly, this only ever occurs if the token in question has already been listed on other medium-large exchanges before they hit Binance.

If Binance is indeed the first proper exchange for LINK to be listed on it is highly unlikely it will crash. Anyone who's not a complete and utter retard in the crypto world is aware of the value and high potential of LINK, but plenty of people who are aware of this aren't willing to put in the effort to learn how to use EtherDelta to pick up cheap LINK- as a result there's a pretty big untapped pool of demand for LINK that will be released as soon as it's released on a bigger, proper exchange. Due to these factors if Binance is indeed the first exchange to list LINK, I expect the price to blow up, and not tank too hard afterwards.

So bottom line- if you haven't already, it would certainly be worth it to head over to EtherDelta and pick up cheap LINK while you still can. The delayed exchange listings have been a blessing in disguise for me, allowing me to pick up much more underpriced link than I would have been able to otherwise, I honestly think that anything under 2x for this token is a steal given its potential.

RVF Fearless Coindogger Crew
09-28-2017 03:26 AM
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NewMeta Offline
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Post: #67
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Speaking of Binance they just listed it: https://binance.zendesk.com/hc/en-us/art...5001786451

Get buying.
09-28-2017 03:46 AM
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thebassist Offline
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Post: #68
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
BINANCE KISS OF DEATH BTFO

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09-28-2017 06:26 AM
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Post: #69
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
In Soviet Russia, LINK dumps on Binance. I see it clearly.
09-28-2017 06:28 AM
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NewDayNewFace Offline
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Post: #70
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
It's actually been pumping. I wish I didn't sell all my ChainLink. I had about 10k worth too.
09-28-2017 11:35 AM
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Bill Brasky Offline
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Post: #71
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
I'm glad to have been proven wrong.
09-28-2017 11:44 AM
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Bill Brasky Offline
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Post: #72
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
(09-28-2017 03:26 AM)thebassist Wrote:  The classic Binance dump is very unlikely for LINK for two reasons- first of all Chinese (AKA the most notorious dumpers) are now banned from the platform. I believe it was primarily Chinese investors unloading their DNT bags that caused it to crash so hard after the Binance listing. Second of all, and most importantly, this only ever occurs if the token in question has already been listed on other medium-large exchanges before they hit Binance.

If Binance is indeed the first proper exchange for LINK to be listed on it is highly unlikely it will crash. Anyone who's not a complete and utter retard in the crypto world is aware of the value and high potential of LINK, but plenty of people who are aware of this aren't willing to put in the effort to learn how to use EtherDelta to pick up cheap LINK- as a result there's a pretty big untapped pool of demand for LINK that will be released as soon as it's released on a bigger, proper exchange. Due to these factors if Binance is indeed the first exchange to list LINK, I expect the price to blow up, and not tank too hard afterwards.

So bottom line- if you haven't already, it would certainly be worth it to head over to EtherDelta and pick up cheap LINK while you still can. The delayed exchange listings have been a blessing in disguise for me, allowing me to pick up much more underpriced link than I would have been able to otherwise, I honestly think that anything under 2x for this token is a steal given its potential.

Good analysis. I am starting to see binance as a significant alternative to both Polo and Bittrex and can eventually take their market share as they don't have a lot of bullshit KYC you need to go through and customer service is excellent.

DNT and then Kyber made me very skeptical with binance but I'm glad to have been proven wrong this time.

I don't get all the ED hate. Yeah, it gets clogged up and congested but read the instructions on their reddit and use metamask and it's easy to use.

In a nutshell from their reddit:

Deposit = wallet (metamask) > Etherdelta
Withdrawal = Etherdelta > Wallet (metamask)
Transfer = Wallet > another ETH wallet

Link was also listed on an unknown exchange called mercatox. These exchanges can have significant price spreads where you can sell high or sometimes buy lower than normal.
09-28-2017 11:54 AM
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void Offline
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Post: #73
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Will HOLD. The question is if it makes sense to invest now that it has proven it's worth on a first proper exchange. My understanding is, that Chainlink is the only Token that can enable direct fiat deposition to decentralized exchanges with their Token, if they really finish implementing SWIFT compability. There will be more coins and platforms that allow USDT like currencies, but not direct fiat conversion.

Englighten me if I have a wrong understanding about this.

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(This post was last modified: 09-28-2017 12:29 PM by void.)
09-28-2017 12:28 PM
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Post: #74
RE: Chainlink (LINK) - Oracle/middleware that connects smart contracts to external world
Seems like 4chan is on board

http://boards.4chan.org/biz/thread/3659127
09-29-2017 09:06 AM
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thebassist Offline
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Post: #75
RE: Chainlink (LINK)
(09-21-2017 09:51 AM)[email protected] Wrote:  I would recommend waiting until the SIBOS conference in mid October. It is likely the hype from SWIFT will be priced into LINK before the conference and probably afterwards too. It really depends how promising the news is. Some are predicting LINK price to be around $0.40-$0.50 before SIBOS.

Pumping hard right now, just about to hit 30 cents. Hitting $0.40-$0.50 in the next two and a half weeks is definitely a possibility as more people become aware of the potential of this company.

   

RVF Fearless Coindogger Crew
09-29-2017 05:33 PM
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