dApp value capture

Decentralized applications (dApps) are a new type of digital application built on blockchains. Unlike most Apps today, which consist of closed-source code running on centralized servers, dApps are open-source software running on decentralized networks. Decentralization is desirable because it removes any single point of control or failure in the dApp’s execution, generating strong determinism — the dApp will run exactly as originally coded without counterparty tampering, network downtime, or administrative censorship. Determinism is critical to multi-party process automation, especially when billions to trillions of dollars exchange hands without human intervention.

dApps are built using smart contracts — programs with coded…

The announcement of Uniswap V3 has given rise to various questions regarding how Uniswap’s Time Weighted Average Price (TWAP) oracles compare to Chainlink Price Feeds. While both of these price oracle solutions provide exchange rates between various Ethereum-based tokens, there are many significant differences that are not immediately obvious but have serious consequences for users.

We present our analysis on why we believe TWAP oracles to be unsuitable for the vast majority of DeFi use cases, as well as how Chainlink Price Feeds overcome such limitations to provide a superior price oracle solution for the DeFi ecosystem. …

Cryptocurrencies and tokens are a completely new digital asset class never before seen in financial systems. It’s why one of the first and most commonly asked questions about crypto-assets is what is their purpose and why are they valuable?

Answering these fundamental questions requires a thorough examination of three separate dynamics:

  • Identifying what purpose cryptocurrencies/tokens serve within underlying blockchain networks
  • Understanding why cryptocurrencies/tokens are preferred over traditional monetary instruments
  • Determining how cryptocurrencies/tokens accrue value

We aim to answer these questions, as well as provide examples of how some of the most popular cryptocurrencies/tokens currently function today.

Defining Cryptocurrencies and Tokens

Before diving deeper, it’s…

Completing The God Protocols

“Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody’s side. All the parties would send their inputs to God. God would reliably determine the results and return the outputs. God being the ultimate in confessional discretion, no party would learn anything more about the other parties’ inputs than they could learn from their own inputs and the output.” — Nick Szabo

In 1997, computer scientist Nick Szabo described what he termed the “God Protocols.” In short, the God Protocols refer to the general idea of a set of computer…

The Chainlink Network, a framework for building and running decentralized oracle networks, has accelerated in adoption over the years, cementing its position as the most widely used oracle solution across leading blockchain environments and numerous smart contract verticals. With hundreds of live or in-progress integrations, the Chainlink Network actively secures over $5B within the DeFi ecosystem through its vast selection of Price Reference Data Feeds, among various other value-additive oracle services beyond price feeds and data delivery.

Chainlink’s growth is not only attributed to its first-mover advantage as the pioneer of decentralized oracle networks and the first to operate at…

The world is highly complex, presenting a diverse set of problems that require various technical solutions. Competition naturally emerges as a means of solving these problems, which in turn drives innovative solutions, diverse product offerings, and lower costs for end-users. While most people notice the surface-level competition for customers between these various solution-driven products and applications, many overlook the fact that they often all rely on similar lower-level infrastructure behind the scenes to function.

For example, Social Media websites like Twitter and Facebook are in a fierce competition for user attention, yet both of their business models are completely reliant…

Chainlink has established itself as the industry standard oracle solution for DeFi, launching a market-leading number of Price Feeds live in production that are widely used to secure $4B+ in value for DeFi leaders like Synthetix, Aave, yEarn, and more. The need for price feed oracles is obvious, as DeFi is the first smart contract market to truly thrive and nearly all DeFi applications require aggregated price data to secure and settle financial contracts. …

The following article is based on a recent presentation given by Chainlink Co-Founder Sergey Nazarov at Chainlink’s blockchain conference, SmartCon 0. He discusses how blockchains and smart contracts create definitive truth about asset ownership and transfer, and how Chainlink is actively extending this property of definitive truth to real-world data and events existing off-chain. By doing so, smart contracts greatly expand their functional capabilities, allowing them to disrupt multi-trillion dollar markets across a variety of industries and use cases.

Contractual Agreements Are Fundamental to Social Progress

When it comes to what drives our global economy, nothing is more foundational than a contractual agreement between independent parties…

Recently, an anonymous and fraudulent entity going by the name ‘Zeus Capital’ published and heavily marketed a hit piece on Chainlink as part of a ‘Short and Distort’ scheme. The fraud is driven by greed and built upon an entire campaign of misinformation, false accusations, and easily debunkable lies about the Chainlink network, the LINK token, and the SmartContract team.

Band Protocol is an oracle platform designed to aggregate and connect real-world data and APIs to smart contracts. Band v1 originally launched on Ethereum in September 2019 using a bonding curve design, but received little interest from developers and ultimately achieved no adoption on mainnet. It was abandoned less than a year later by the core development team for Band v2.

Band v2, referred to as BandChain, is an oracle network running on its own Tendermint based blockchain (using the Cosmos SDK). Band has launched two versions of BandChain, with both being named Guanyu. …


Breaking down the information asymmetry on Chainlink, Smart Contracts, and the Fourth Industrial Revolution, founded by @Crypto___Oracle and @ChainLinkGod

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