Thursday, February 25, 2021

Chainlink (LINK) Grows In Adoption with Legions of Real-World Users –Weiss Crypto Ratings

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.”

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.

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.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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