On the 13th, Coinbase announced that they will be listing several cryptos including 0X and BAT. While this has come as a surprise given that people expected bigger coins to get listed, it could be a hint on the future of crypto. Unlike in the past when all projects were pumping, irrespective of their fundamentals, in the future, only projects that have a real use will rise. The future will reward quality, not just anything that tries to ride the blockchain wave. It will be the same as the dot com bubble, when lots of companies died out, but the truly valuable ones emerged as the internet giants we know today.
Using this logic, one crypto that looks set to emerge as a winner is Chainlink (LINK). Chainlink works to solve one of the most serious problems of blockchain technology, and that’s linking it to real-life uses. There are so many cryptos out there that pride themselves in allowing developers create smart contracts. But while smart contracts are a great innovation, how does a business integrate them, into their systems, without too much technicalities that may actually put them off from blockchain altogether?
That’s where Chainlink comes into the picture. One of the great aspects of Chainlink is that, it allows a business to integrate smart contracts into its payment systems including crypto payment systems, and fiat payments such as credit cards and banks. This is a very powerful tool because it means that a business can effectively automate its contracts, whereby certain actions trigger the smart contract to make or receive payments. The business doesn’t need to employ people or use some third party to execute such contracts. They simply happen automatically.
This is a powerful tool especially in international business where companies from all across the world can do business in a trustless environment, and reap the full effects of blockchain technology. The ability of Chainlink to integrate business processes with blockchain technology makes it one of the most useful cryptos in the market. With time, investors will discover its importance, and this will drive up the value of Chainlink (LINK).
Another huge use case of Chainlink is the ability to connect different chains. The thing with blockchain is that there are so many projects that allow for the development of smart contracts. Unfortunately, they are all written in different programming language. As such communication between them is a challenge. Chainlink solves this problem by acting as a bridge between different chains that are written in different programming languages. This makes it a unifying factor for blockchain technology, and this will reflect in its value with time.
Chainlink also makes the connection between smart contracts and external data quiet easy, through APIs. For instance a smart contract that relies on data from the news for it to self-execute, can easily be linked to news sites through an API.
These features make Chainlink (LINK) one crypto that will make it to the top exchanges very soon. It has what it takes to become a top-crypto, on the basis of its practical use cases.