Jan 26, 2020 16:15 UTC
Jan 26, 2020 at 16:15 UTC
Chain Link is off to a good start
One of the most impeccable facts about Blockchain technology is that the scope for development is always there. With an increased scope of development, so is there a lot of space for new ventures to open up. A lot of successful startups are emerging on the Blockchain space and with a lot of emerging technologies and new ways of perceiving the cryptocurrency technology.
Out of the most successful ventures, Chainlink (LINK) has emerged clear out from the crowd. Chain Link one of the decentralized Oracle providers that had a very good performance graph from the start of its operations.
To understand how successful Chainlink has been, the performance graph shows that the venture has outperformed many of the altcoins in the space and even at places has also overcome the performance graph of bitcoin also as well.
With a very good performance graph from Chainlink, it is expected from its investors that it will have a very good 2020 in terms of its performance.
There are a lot of standpoints that are from the side of Chainlink that supports the fact that the venture is bound to have a very good 2020 in terms of performance.
The first pillar
The first on spot development that the venture is planning to move ahead with utmost advancement is the usage of its very own Chainlink Oracle, the flagship product from the venture. With the oracle in the picture, the investors and users of the oracle will be able to easily access and look for data. There will also be utmost ease in developing the various ways in which you can actually get to understand the working of the altcoin and make influential decisions based on the product’s performance
The second pillar
The second most important thing that the venture is focussing on is in developing data-crucial apps, which is a kind of need of the hour in the Blockchain space. They are expecting to make a very huge investment in the market with regard to the development of the apps and make sure that the user is familiar with what they are dealing with space.
The third pillar
The last and the most important aspect is them working on developing relationships with various big enterprises in the Blockchain space. Since they have data access that is safe and secure to a lot of independent nodes, this venture is probably going to benefit the venture in a positive stride.