\ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/
\n\ud83d\udcf2 Insider Info in my Socials \ud83d\udc49 https:\/\/guy.coinbureau.com\/socials\/
\n\ud83d\uded2 Get The Best Deals In Crypto \ud83d\udc49 https:\/\/guy.coinbureau.com\/deals\/
\n\ud83d\udc55 Check out my merch store \ud83d\udc49 https:\/\/store.coinbureau.com<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
\n\ud83d\udcfaEssential Videos\ud83d\udcfa<\/p>\n

WBTC Wrapped Bitcoin Explained \ud83d\udc49 https:\/\/youtu.be\/1Wqs278hN6M
\nAave Flash Loans Explained \ud83d\udc49https:\/\/youtu.be\/897Q_OgkfN4
\nChainlink Zeus Capital FUD Explained \ud83d\udc49 https:\/\/youtu.be\/EFRr6JjEZek
\nHowey Test & Ripple Lawsuit Explained \ud83d\udc49 https:\/\/youtu.be\/Bmf2IILzEug<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

– TIMESTAMPS –
\n0:00 Intro
\n2:24 Chainlink Recap
\n4:56 Grants & Proof of Reserves
\n7:33 Chainlink & Flash Loans
\n10:00 Zeus Capital Update & SEC Risk
\n13:13 Chainlink = Monopoly?
\n15:26 LINK Token Dumping
\n19:33 Final Thoughts<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\u26d3\ufe0f \ud83d\udd17 Useful Links \ud83d\udd17 \u26d3\ufe0f<\/p>\n

\u25ba Chainlink Community Grants Application: https:\/\/chain.link\/community\/grants
\n\u25ba Chainlink TUSD Proof of Reserves: https:\/\/feeds.chain.link\/
\n\u25ba Chainlink Flash Loan Protection: https:\/\/blog.chain.link\/flash-loans-and-the-importance-of-tamper-proof-oracles\/
\n\u25ba Zeus Capital 100k Chainlink Bounty: https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLScq0EgVY3PVHE5Snaj3D8CeStvZHBXsVjDKr_oNYhEizjGpng\/viewform
\n\u25ba Chainlink Securities Rating: https:\/\/www.cryptoratingcouncil.com\/asset-ratings
\n\u25ba API3 Anticompetitive Accusation: https:\/\/medium.com\/api3\/api3-x-matic-hackathon-postponed-58613c64bbd
\n\u25ba Trustnodes Chainlink Team Dumping Analysis: https:\/\/www.trustnodes.com\/2020\/08\/14\/chainlink-devs-dump<\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\ud83d\udc68\u200d\ud83c\udfebChainlink Recap\ud83d\udc68\u200d\ud83c\udfeb<\/p>\n

Chainlink aims to solve cryptocurrency\u2019s oracle problem. The oracle problem is twofold: cryptocurrency blockchains are unable to access external data by default, and the use of any centralized data feeds would nullify the decentralization of the smart contract.
\nThe solution to this problem is a decentralized data set provided by dozens of trusted entities that are given economic incentives to fetch the data being requested by a smart contract. This is what Chainlink is. <\/p>\n

\ud83d\udcb5Community Grants & Proof of Reserves\ud83d\udcb5<\/p>\n

In August 2020, Chainlink announced their Community Grants program. This initiative essentially seeks to supercharge the growth of Chainlink\u2019s ecosystem. Chainlink has since funded 19 different grants related to research and development. <\/p>\n

In October 2020, Bitgo, the company which issues WBTC, the largest wrapped Bitcoin token on Ethereum, partnered with Chainlink for proof of reserves. As of November 2020, TrustToken, the company which issues the TUSD stablecoin, is also using Chainlink for proof of reserves.<\/p>\n

\u26a1Chainlink & Flash Loans\u26a1<\/p>\n

The reliance on centralized price feeds by DeFi protocols is what fundamentally makes them susceptible to flash loan \u201cattacks\u201d. Dozens of DeFi protocols have integrated Chainlink and other decentralized price oracles to protect themselves from flash loan attacks over the last few months. <\/p>\n

\u2696Zeus Capital Update & SEC Risk\u2696<\/p>\n

In November 2020, Zeus Capital issued a 100-thousand-dollar bounty payable to anyone who could provide them with information about Chainlink\u2019s \u201cillicit and manipulative practices\u201d. One week later, Zeus Capital followed up with the claim that the LINK token will eventually be classified as a security by the SEC in the United States.<\/p>\n

Tthe Crypto Ratings Council has given Chainlink a rating of 2 out of 5 in terms of how closely it meets the criteria of the Howey Test. Considering the Crypto Ratings Council gave XRP a rating of 4 out of 5, LINK should be safe from the SEC. <\/p>\n

\ud83d\udd75\ufe0f\u200d\u2642\u200dChainlink = Monopoly?\ud83d\udd75\ufe0f\u200d\u2642\u200d<\/p>\n

API3 has accused Chainlink of monopolistic practices after it effectively barred API3 from participating in two Ethereum hackathons by buying exclusive rights with their organizers. Chainlink has also partnered with the World Economic Forum to set standards for decentralized oracles which seem to make Chainlink the de facto standard.<\/p>\n

\ud83d\udcc9LINK Token Dumping\ud83d\udcc9<\/p>\n

It appears as if the Chainlink team has been selling hundreds of thousands of LINK every few days. An August report by Trustnodes also claims that the Chainlink team is actively trying to obfuscate (hide) those transactions. This selling behavior by the Chainlink team could be why LINK lost momentum in mid-August and continues to lose strength against Bitcoin. <\/p>\n

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~<\/p>\n

\ud83d\udcdc Disclaimer \ud83d\udcdc<\/p>\n

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.<\/p>\n

#chainlink #link #crypto #ethereum #oracle #defi #review
\n
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\ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/ \ud83d\udcf2 Insider Info in my Socials \ud83d\udc49 https:\/\/guy.coinbureau.com\/socials\/ \ud83d\uded2 Get The Best Deals In Crypto \ud83d\udc49 https:\/\/guy.coinbureau.com\/deals\/ \ud83d\udc55 Check out my merch store \ud83d\udc49 https:\/\/store.coinbureau.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ \ud83d\udcfaEssential Videos\ud83d\udcfa WBTC Wrapped Bitcoin Explained \ud83d\udc49 https:\/\/youtu.be\/1Wqs278hN6M Aave Flash Loans Explained \ud83d\udc49https:\/\/youtu.be\/897Q_OgkfN4 Chainlink Zeus Capital FUD Explained \ud83d\udc49 https:\/\/youtu.be\/EFRr6JjEZek […]<\/p>\n","protected":false},"author":1,"featured_media":1847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[33],"tags":[35,315,1086,339],"class_list":{"0":"post-1846","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-videos","8":"tag-bullish","9":"tag-chainlink","10":"tag-link","11":"tag-risks","12":"post_format-post-format-video"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=1846"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/1847"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=1846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=1846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=1846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}