The Chainlink project was praised by Weiss Crypto Ratings

The Chainlink project was praised by Weiss Crypto Ratings

Weiss Crypto Ratings has praised the Chainlink project for its ability to connect smart contracts to the real world. Analysts have predicted that in the near future, the Link token and related technology will see a significant increase in adoption.

Chainlink offers several benefits, according to the Weiss Ratings analysis. Most importantly, it offers the ability to insert real-world data into the blockchain.

Another feature is that it can also act as support for other blockchains and smart contract platforms, such as Ethereum, EOS, Cardano (ADA) and NEO. This looks more useful to blockchains that would otherwise work in isolation.

“Platforms like Ethereum (ETH), Cardano (ADA) and Tezos (XTZ) will probably also need Chainlink. They carry out a lot of smart contracts and they intend to replace a series of centralized services today. This will not be possible without reliable and reliable data from the real world. ”

Chainlink project in the attention of Google and Oracle

In addition, according to Weiss, it seems that in the last two months, the adoption of LINK has already gained ground and that the project has made new collaborations. This makes the project a major player in the crypto or DeFi sector, as well as in the private blockchains for businesses.

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Google and Oracle have already started using Chainlink, while Intel and Hyperledger plan to collaborate with them as part of a consortium that facilitates the development of blockchain for companies.
Because it allows the use of tokens for its network of decentralized oracles, Chainlink has also made other collaborations with Coingecko, Zilliqa (ZIL) and QuarkChain.

Overall, Weiss Ratings gave the Chainlink project an overall C-score, as did EOS, OmiseGO and Qtum. Currently, the LINK token is ranked 17th in the top market cap and is trading at $ 2.10. A few days ago, the token was listed on the Bittrex exchange.


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