/biz/ - Business & Finance

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Anonymous Mon Jan 27 15:07:05 2020 No.17000331 [Reply] [Original]

https://decrypt.co/17652/chainlink-has-three-big-reasons-to-feel-good-about-2020
>Sergey Nazarov. Speaking to Decrypt, he highlighted three key reasons why Chainlink will continue to be a project to watch during 2020.
>On the enterprise side, you're going to continue to see us working with large enterprises in different ways
>The number of data networks enabling smart contracts to access data on BTC, ETH, LINK, BAT and many more, is growing rapidly. There are now almost 30, and Chainlink plans to publish the full list very soon.
>In fact, the rapidly expanding number of node operators has pushed Chainlink to become the second largest consumer of gas in the Ethereum ecosystem after Tether.
>DeFi projects have often started out by creating their own oracles. aggregating data such as interest and exchange rates off-chain. Nazarov argues that many are coming to the conclusion that entrusting this to Chainlink is time and cost effective, not to mention up to 20 times more secure.
>“As we're building and bunching these networks, we've arrived at economics that makes sense—it costs less for a user to use one of our oracle networks, with seven to 21 nodes, than it does for them to broadcast from one node,” he said.
>“Insurance is slowest—a very complex industry with a lot of moving parts and a lot of regulation,” he said, but he hinted at an announcement in that area soon.
>The applications integrating Chainlink are now increasing almost on a daily basis (to the extent that Decrypt has given up on updating its list).
>In recent months, Chainlink’s also collaborated with some seriously big players, such as Swift, Oracle and Google.
>“On the enterprise side, you're going to continue to see us working with large enterprises in different ways,” said Nazarov.

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