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CATEGORY: chainlink oracle


May 17, 2025 12:05

$10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth

XRP’s current price has been highlighted by a range of around $2.5 in the past three days. However, this low price hasn’t stopped the idea of an extravagant XRP price from being in the hearts of XRP bull traders and enthusiasts. Against this backdrop of growing confidence, a bold theory suggesting that XRP could surge to $10,000 has come up from a crypto analyst. This extravagant price point is much higher than most predictions based on technical analysis. Notably, this analyst leaned on XRP fundamentals with XRP to show a scenario where its price reaches this point. Analyst Predicts XRP Could Hit $10,000 Between 2027 And 2030 The theory, introduced by a crypto analyst named Remi Relief on the social media platform X, centers on a long-term vision of XRP reaching $10,000 due to widespread adoption in financial institutions and complete activation of its utility features. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? In a post dated May 12, the analyst predicted that this massive XRP price point of $10,000 could materialize between 2027 and 2030. He clarified that the prediction wasnt dependent on sudden events or institutional price setting but on the natural outcome of XRP functioning at its full potential in global financial systems. However, he also stated that such a price point could manifest as early as 2026. Building on the original post, the analyst has recently expanded on a more detailed vision of a $10,000 XRP. He claimed the existence of two separate XRP ledgers: one for the retail market and another accessible only to around 1,700 institutions and private entities operating under NDAs. According to him, these private participants could already be running tests with drastically different price levels, possibly including the $10,000 mark. He linked this development to recent progress in CBDC trials, especially in France. The analyst also referred to a report discussing the efficiency and performance of various digital currency and payment platforms in terms of Transactions Per Second (TPS) back in 2022. The report focused on CBDC (Central Bank Digital Currency) test networks. According to the report, the Ripple Private Ledger had a TPS of 1,500 in 2022 during tests for the digital Euro. Although Ripple is not yet at the operational scale of AliPay or the Hamilton Project, future projections of the blockchains TPS are still unknown. The Possibility Of A $10,000 Basement Price For The Altcoin The crypto analyst’s theory is based on a future where XRP underpins major financial operations at fixed high values across private networks. The most provocative element of the theory involves Ripple potentially setting a basement price for XRP at $10,000, which would never be breached. Related Reading: XRP Price At $10-$20 Only The Beginning, Its Headed For $1,000 Analyst Reveals In this scenario, if the price ever threatened to fall below that mark, decentralized technologies like Chainlink oracles and IOTA-based AI mechanisms would intervene to stabilize it through automatic trading.  At the time of writing, XRP is trading at $2.40, down by 2.2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Jan 28, 2023 07:55

Chainlink (LINK): A Beginner’s Guide

What is Chainlink, and how is the network revolutionizing oracle computations in Web3?

Continue reading Chainlink (LINK): A Beginner’s Guide at DailyCoin.

Oct 09, 2022 07:50

Top 10 New Projects Powered by Chainlink Oracle Network

Decentralized oracle networks like Chainlink have contributed significantly to the mainstream adoption of blockchain technology at all developmental levels.

Continue reading Top 10 New Projects Powered by Chainlink Oracle Network at DailyCoin.com.

Oct 22, 2021 07:05

Worlds Merging: Associated Press Becomes A Data Provider For Chainlink Oracles

In the development signifying that the on-chain and off-chain worlds are finally merging together, credible worldwide news agency founded in 1846 Associated Press announced that it will become a data provider for Chainlink's decentralized oracles on Oct 21. According to the press release, the credible journalism service "will provide trusted economic, sports and race call datasets available to leading blockchains via Chainlink".

https://twitter.com/SergeyNazarov/status/1451349702952296449

This data will be provided after being cryptographically verified by Associated Press to smart contracts running on different blockchains, so they can self execute complex logic code with the added enhancement / enabling of new use cases via access to real world events data. The integration heralds a new era of cryptocurrency and the blockchain industry moving from only speculative value to essential assets providing significant utility and benefit to the society.

https://twitter.com/AssociatedPress/status/1451270302722310151

It must be noted that Associated Press partnered with Everipedia before to publish U.S. election results on the Ethereum blockchain in 2020. It has also issued NFTs early this year, tokenized news as NFT for collectors and worked to feed data to dynamic NFTs, capable of reacting to conditions. The new enhanced data sets delivering more general information will allow Associated press to assist with enabling smart contracts to make complex decisions. This integration of Associated Press will enable transcendent use cases in finance, securities, exchange services, smart-wallets, recovery, predictions, gaming and gambling etc.

Chainlink technology is the ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to Associated Press trusted economic, sports, and race call data. Working with Chainlink allows this information to be compatible with any blockchain. The open-source software is reliable, secure, and widely used across leading blockchain networks.

Dwayne Desaulniers - Associated Press Director Of Blockchain & Data Licensing

According to the Associated Press "the data can be used to automate key processes that happen on-chain, including informing markets of election race calls, triggering an on-chain trade when a company’s quarterly financials are released, or augmenting the appearance of non-fungible tokens based on real-world events". This new initiative by the Associated Press confirms that interest and demand is rising for trustless code and decentralized protocols, operating without any intermediaries. The Association Press integration with Chainlink oracles will assist further with bridging real world with the blockchain protocols.

Associated Press has established itself as one of the most trusted independent news organizations in the world for real-time news in all formats. Given its large and continually growing repository of facts and data, combined with Chainlink’s proven oracle infrastructure for providing reliable data feeds across leading blockchain networks, it makes sense for the AP to launch a Chainlink oracle node and support innovation within emerging smart contract industries

William Herkelrath - Managing Director Chainlink Labs

About Chainlink Oracles

Chainlink is the premier decentralized data oracles service, which connects smart contracts to off-chain real world events information, particularly the outcome. The oracles are secure, resistant to manipulation and thus reliable. They are sourced from high quality data aggregators, transferred securely via nodes and finally delivered to smart contracts, so they can make decisions based on them. The protocol has the highest network effect and integrations with entities / companies than any of its competitor. Its native token is the ERC-20 standard LINK token.

About Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Associated Press Chainlink© Cryptoticker

The post Worlds Merging: Associated Press Becomes A Data Provider For Chainlink Oracles appeared first on CryptoTicker.

LINK price locks in 36% gains following Ethereum layer 2's Chainlink integration

Author: Cointelegraph By Yashu Gola
United States
Sep 07, 2021 12:00

LINK price locks in 36% gains following Ethereum layer 2's Chainlink integration

The price of LINK also surged in the wake of a marketwide bullish boom, wherein Bitcoin and its top rivaling altcoins jumped in tandem.

Aug 27, 2021 10:38

Chainlink Staking – More Details Emerge On Its Future

Chainlink released a report about Chainlink staking. Many crypto enthusiasts were awaiting this event. It will start around July 27. Users will witness how their LINK tokens serve as collateral and assist with the processing & security of the oracle network. This will ensure that most participants in the network are honest. Dishonest participants get a penalty and will lose a portion of their stake.

https://twitter.com/chainlink/status/1420096706595762177

The recently released report titled "Explicit Staking in Chainlink 2.0: An Overview" references the earlier released vision for Chainlink 2.0. It would feature decentralized oracle networks (DONs) that are capable of performing off-chain computations. Chainlink staking would supplement the vision of high-value hybrid smart contracts. This is done by raising the cost required to attack the network and attempting to make it economically unfeasible.

Chainlink staking got a defensive design against a variety of attacks from well-funded adversaries. This goes to the extent that they are required to spend more than the combined deposits of all nodes in a decentralized oracle network (DON) resulting in high cost-efficient security, which makes these attacks extremely expensive and unfeasible by raising it above the value that can be extracted.

https://cryptoticker.io/en/instant-crypto-swap-instaswap/

It defines the service agreements that form the basis of all decentralized oracle networks (DONs) defining key parameters and performance requirements, data sources used, update latency, node payments, LINK tokens to stake etc. DONs have reporting rounds, where they release oracle reports with each node's response for a piece of data. The service agreements define the process for doing so and conditions for slashing. Chainlink marketplace can help to filter out nodes based on their performance, data sources used, networks supported etc.

Chainlink Staking Two Tier Network

This long-awaited staking would use a two-tier network. The first tier would consist of the low cost and high-efficiency decentralized oracle network (DON) of nodes staking LINK tokens. It is also responsible for generating reports regularly. These will come with maximum security and higher cost second-tier DON networks, which would oversee the first, provide arbitration and apply penalties for mass data deviations / malicious behavior.

What is the Resolution of the Disputes?

The decentralized oracle networks (DONs) complemented by Chainlink staking have a dispute resolution mechanism, If a dispute were to arise, all users would vote on the accuracy of the original report by "using a cryptographic TLS proof produced by DECO that provides definitive Zero-Knowledge Proof based evidence from one or multiple data providers".

Since the oracle reports are critically important, second-tier voters are economically incentivized to provide correct dispute resolution or risk their own security, reputation, usability of their products plus the value of their own token. These second-tier participants are likely to be the core development teams behind protocols as well as Decentralized Autonomous Organizations (DAOs) governing them.

https://cryptoticker.io/en/fidelity-digital-assets-crypto/

Chainlink staking has concentrated rewards. The misbehaving participants will pay to the node raising the alarm or the dispute regarding data accuracy. This allows for a system design where for each tier, one node has to be paid extensively to cause sabotage or malicious activity.

It raised the cost of the attack to the maximum. The security increases with the number of nodes in the system. It would also feature misreporting insurance to protect against incorrect alerts causing problems. A definite date for the Chainlink staking mechanism coming live didn't launch yet, but from the looks of it, work appears to be progressing fast.

Chainlink staking© Cryptoticker

The post Chainlink Staking – More Details Emerge On Its Future appeared first on CryptoTicker.

Apr 18, 2023 02:25

BIG OPPORTUNITY to Buy Chainlink before Prices BOOM – Chart Confirms!

Will Chainlink price continue to increase? Is Chainlink good to buy today? Let' analyze in this Chainlin price prediction article.

7 Must-Watch Crypto Coins for 2025: Why Investors Are Calling This One the Best Crypto Presale of the Year

Author: Vaigha Varghese
Estonia
Jan 24, 2025 02:30

7 Must-Watch Crypto Coins for 2025: Why Investors Are Calling This One the Best Crypto Presale of the Year

Are you on the hunt for the best crypto presale of 2025? With so many projects emerging, its no surprise that investors are buzzing about the coins set to make waves this year. These standout projects are tackling real-world challenges with groundbreaking technology, offering immense potential for long-term gains. Leading the pack is Qubetics, which […]

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