Chainlink soars and surpasses Bitcoin and Ethereum By Benzinga Spain

Chainlink soars and surpasses Bitcoin and Ethereum

Chainlink Labs, the organization linked to the Chainlink (CRYPTO: LINK) token, announced Tuesday that Eric Schmidt, former CEO of Alphabet Inc’s (NASDAQ 🙂 (NASDAQ: GOOG) subsidiary Google, had joined the company as a strategic advisor. .

What Happened Schmidt served as CEO of Google from 2001 to 2011 and led the company from startup until it became the search giant it is today.

“Chainlink is a secret ingredient in unlocking the potential of smart contract platforms and revolutionizing business and society. I’m excited to help the Chainlink Labs team build a world driven by truth, ”said Schmidt, according to a statement from Chainlink.

The lack of connection to the “world outside itself” was the “biggest challenge” of blockchain technology, according to Google’s former CEO.

LINK was up 8.84% to $ 21.73 in 24 hours. After a seven-day tracking period, the token is down 15.4%.

LINK rallied 5.89% and 6.71% against (CRYPTO: BTC) and (CRYPTO: ETH), respectively, over the course of 24 hours.

Since the beginning of the year, LINK has risen 76.36%. In May, LINK hit an all-time high of $ 52.88. At press time, it was trading 58.87% below that level.

Why It Matters Chainlink recently announced a cross-chain compatibility protocol, which provides an open and universal standard for developers to build secure applications and services across multiple networks, according to the project.

In its remarks, Chainlink noted that blockchains and the smart contracts built on them cannot connect with “real-world data and systems.” Chainlink aims to address this problem through the use of Oracle networks.

The Chainlink network is made up of node operators such as Deutsche Telekom’s T-Sytems (DE 🙂 (OTC: DTEGY) (OTC: DTEGF), Swisscom (SIX:) AG (OTC:SCMWY) (OTC:SWZCF) y Associated Press, entre otros.

On Monday, (CRYPTO: DOGE) cryptocurrency rival Floki Inu claimed that he had integrated Chainlink to implement popular decentralized finance (DeFi) features in his community.

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Chainlink soars and surpasses Bitcoin and Ethereum By Benzinga Spain

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