By Tobi Loba
Weiss Crypto Ratings, the leading provider of independent, unbiased, trusted ratings of Stocks, Mutual Funds, Cryptocurrencies, ETFs, and Financial Institutions, has recently acknowledged the growing adoption of Chainlink, a decentralized oracle solution, with its legions of real-world users, unlike most new cryptocurrencies.
The crypto rater shared this sentiment a couple of hours ago, via its official Twitter handle. It further stated that the particular functionality embedded in Chainlink that keeps convincing users across the world makes the cryptographic project a choice asset for profitable investment.
Weiss Crypto Ratings shared this, “Unlike most new cryptos, Chainlink already has robust and growing adoption by legions of real-world users. This is one of the most important indicators we look for when searching for cryptos to invest in.”
Unlike most new cryptos, #Chainlink already has robust and growing adoption by legions of real-world users. This is one of the most important indicators we look for when searching for cryptos to invest in.
— Weiss Crypto (@WeissCrypto) June 17, 2020
Chainlink (LINK) Feeds Other Blockchain Projects
In another tweet, Weiss Crypto Ratings identified an important aspect of Chainlink’s functionalities, especially to some major and minor blockchain projects.
In the tweet, it stated that some blockchain projects that run smart contracts are already using Chainlink to feed them real-world data, while some will later use Chainlink’s decentralized oracle solution.
“Cryptocurrencies like Ethereum, Tezos, Fantom, Solana, Polkadot, ICX, HPB, and Zilliqa all run smart contracts that use or will use Chainlink to feed them real-world data,” Weiss Crypto Ratings shared.
Cryptocurrencies like #Ethereum, #Tezos , #Fantom , #Solana, #Polkadot , #ICX, #HPB and #Zilliqa all run smart contracts that use or will use #Chainlink to feed them real world data.
— Weiss Crypto (@WeissCrypto) June 17, 2020
Chainlink (LINK) Partners Decentralized VPN Network Orchid
On 16th June 2020, Chainlink (LINK) announced its partnership with Orchid, a decentralized VPN network, to build USD bandwidth-pricing oracles. With this innovation, users can estimate the cost of bandwidth consumed in the course of using Orchid’s VPN service.
Chainlink shared this, “Decentralized VPN network Orchid is building two Chainlink-powered decentralized oracle networks to allow users to estimate the cost of bandwidth on Orchid, both in its native token – OXT – and U.S. dollars. The OXT/USD feed is live today!”
This and other past developments made Weiss Crypto Ratings to conclude that the use cases embedded in Chainlink are meant to serve real-world users, bringing it closer to mainstream adoption on a daily basis.