Chainlink will make its oracles more private

Chainlink will make its oracles more private

CHAINLINK (LINK) GOING MAINSTREAM! HUGE NEWS Price Analysis! Predictions & More!

Contents

Chainlink will make its oracles more private
CONTENT

  • Chainlink bought new DECO protocol to make oracles more private

  • The company will strengthen cooperation with Cornell University

  • Link token continues to rise in value

International consortium of news organizations, developing standards for transparency.

To this end, Chainlink acquired DECO, an oracle verification protocol that verifies the authenticity of sensitive data. The amount of the deal was not disclosed.

Chainlink will make its oracles more private

Chainlink, which owns a network of decentralized oracles as well as the popular Link token, has announced the acquisition of the DECO protocol, developed by faculty and students at Cornell University. With the help of DECO smart contracts, you can confirm the origin and state of confidential information transmitted through the oracle.

“You can use DECO to prove to a smart contract that you have a certain amount of LINK in your Coinbase account, or that you have deposited a certain amount in dollars,” explained Chainlink co-founder Sergey Nazarov.

DECO also offers wider options. For example, DECO can be used by financial institutions to verify account balances without actually disclosing the contents of the account. A border agent can prove that you are a US citizen without having access to your passport.

“DECO allows you to significantly expand the quality and volume of data that can now be accessed by publicly available blockchain systems,” said Sergei Nazarov.

Chainlink will make its oracles more private

Chainlink oracles with DECO support will be able to prove to a smart contract that the owner of an asset is solvent, but at the same time does not disclose information about private or personal property in the public blockchain. In fact, the launch of the protocol will open up new features for DeFi market participants Decentralized Finance (DeFi) – this is financial services, built on blockchain technology, which offer users access to an open, efficient and … More.

Chainlink continues to conquer the DeFi market. Per day token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More Link went up another 10%. Recall that until recently, the Chainlink (LINK) cryptocurrency project ranked first in the list of decentralized finance (DeFi) in terms of market capitalization according to the CoinMarketCap resource (CMC). However, it was supplanted by the new YFI token, which has already reached a price of $ 32,000..

However, almost immediately after LINK was listed on the DeFi list of assets in the cryptocurrency community, disputes arose over LINK’s ownership of the DeFi market. Despite criticism and allegations of fraud, Chainlink is actively promoting its services, forging new partnerships with large tech companies.

LINK’s rise in price was largely unaffected by a recent incident involving allegations of fraud by anonymous asset management firm Zeus Capital LLP. BeInCrypto’s editors wrote that Zeus Capital accused Chainlink’s management of meaningless partnerships, as well as classic pump schemes. & dump.

Chainlink will make its oracles more private

Citing an anonymous Callisto Network spokesman, Zeus Capital argued that any Chainlink partnerships with other projects were limited to advertising announcements. However, later reports appeared on the network, according to which Zeus Capital offered to reward various influencers to carry out technical analysis Investments in and trade in cryptocurrencies are impossible without the use of technical and fundamental analysis. Despite the popularity of both of these tools, intraday … More LINK cryptocurrencies. Who exactly founded Zeus Capital and where the firm is located is still unknown..

Disclaimer

All information, contained on our website, published on the principles of good faith and objectivity, and for informational purposes only. Reader yourself bears full responsibility for any actions, committed by him on the basis of information, obtained from our website.

Share Article

Share