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WBTC Wrapped Bitcoin Defined 👉
Aave Flash Loans Defined 👉
Chainlink Zeus Capital FUD Defined 👉
Howey Check & Ripple Lawsuit Defined 👉
– TIMESTAMPS –
2:24 Chainlink Recap
4:56 Grants & Proof of Reserves
7:33 Chainlink & Flash Loans
10:00 Zeus Capital Replace & SEC Danger
13:13 Chainlink = Monopoly?
15:26 LINK Token Dumping
19:33 Last Ideas
⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Chainlink Group Grants Utility:
► Chainlink TUSD Proof of Reserves:
► Chainlink Flash Mortgage Safety:
► Zeus Capital 100k Chainlink Bounty:
► Chainlink Securities Ranking:
► API3 Anticompetitive Accusation:
► Trustnodes Chainlink Staff Dumping Evaluation:
Chainlink goals to resolve cryptocurrency’s oracle downside. The oracle downside is twofold: cryptocurrency blockchains are unable to entry exterior information by default, and using any centralized information feeds would nullify the decentralization of the sensible contract.
The answer to this downside is a decentralized information set offered by dozens of trusted entities which are given financial incentives to fetch the info being requested by a sensible contract. That is what Chainlink is.
💵Group Grants & Proof of Reserves💵
In August 2020, Chainlink introduced their Group Grants program. This initiative primarily seeks to supercharge the expansion of Chainlink’s ecosystem. Chainlink has since funded 19 completely different grants associated to analysis and growth.
In October 2020, Bitgo, the corporate which points WBTC, the biggest wrapped Bitcoin token on Ethereum, partnered with Chainlink for proof of reserves. As of November 2020, TrustToken, the corporate which points the TUSD stablecoin, can also be utilizing Chainlink for proof of reserves.
⚡Chainlink & Flash Loans⚡
The reliance on centralized value feeds by DeFi protocols is what essentially makes them inclined to flash mortgage “assaults”. Dozens of DeFi protocols have built-in Chainlink and different decentralized value oracles to guard themselves from flash mortgage assaults over the previous few months.
⚖Zeus Capital Replace & SEC Danger⚖
In November 2020, Zeus Capital issued a 100-thousand-dollar bounty payable to anybody who might present them with details about Chainlink’s “illicit and manipulative practices”. One week later, Zeus Capital adopted up with the declare that the LINK token will finally be categorized as a safety by the SEC in the USA.
Tthe Crypto Scores Council has given Chainlink a score of two out of 5 when it comes to how carefully it meets the factors of the Howey Check. Contemplating the Crypto Scores Council gave XRP a score of 4 out of 5, LINK needs to be protected from the SEC.
🕵️♂Chainlink = Monopoly?🕵️♂
API3 has accused Chainlink of monopolistic practices after it successfully barred API3 from collaborating in two Ethereum hackathons by shopping for unique rights with their organizers. Chainlink has additionally partnered with the World Financial Discussion board to set requirements for decentralized oracles which appear to make Chainlink the de facto commonplace.
📉LINK Token Dumping📉
It seems as if the Chainlink group has been promoting a whole bunch of 1000’s of LINK each few days. An August report by Trustnodes additionally claims that the Chainlink group is actively making an attempt to obfuscate (conceal) these transactions. This promoting habits by the Chainlink group could possibly be why LINK misplaced momentum in mid-August and continues to lose energy in opposition to Bitcoin.
📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence.
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Source: Coin Bureau