For those who are not used to hearing the name Chainlink, it is one of the well -known cryptocurrencies in addition to Bitcoin (BTC), Ethereum (ETH) and XRP. It was developed as a decentralized blockchain network that bridges the gap between the oracle that transmits real -world data and the smart contracts that exist in the blockchain.
Chainlink is capable of generating multiple sub-contracts and at the same time obtaining information from trusted nodes and oracles for premium accuracy. In general, Chainlink is a network that features open systems. Anyone can join this network, provide information to the network or complete Chainlink ‘tasks’ by assisting the operation of associated nodes and oracles.
By 2022, Chainlink intends to take their company to a whole new level with the latest report showing they have hired former Google CEO Eric Schmidt as a strategic advisor. Schmidt’s job is to help, guide and drive Chainlink in a more precise direction.
This Schmidt -led team will focus on developing and implementing real -world data for use as smart contracts built on multiple blockchain. This can be achieved by using the oracle network, which connects the web 3.0 system with the old database.
According to Chainlink co -founder Sergey Nazarov, Chailink’s blockchain and oracle networks are at an important turning point. Thus Schmidt’s experience and insights in building a global software platform for next -generation innovation are sorely needed to welcome a new era of economics.
Eric Schmidt has helped Google improve its infrastructure, including a $ 23 billion IPO, while chairing the launch of Gmail, Google Maps, Chrome, Adsense and Fiber. He is also chairman of the innovation board of the Department of Defense, and the National Security Commission in artificial intelligence.
This news can be interpreted as a positive catalyst for the Chainlink community and brings new hope to the crypto.
