Chainlink was officially launched in September 2017 after a accomplished Initial Coin Offering (ICO) that raised nearly $32 million. The vision behind Chainlink was to create a decentralized oracle network that enables smart contracts on various blockchains to securely access off-chain data. This innovative approach aims to bridge the gap between blockchain technology and real-world applications, allowing decentralized applications (dApps) to function optimally by leveraging external data feeds.
As Chainlink rapidly gained traction, several milestones marked its development timeline. Some notable events include:
- 2017: Launch of Chainlink and its first Oracle Networks.
- 2018: Partnerships established with major blockchain and data companies.
- 2020: Introduction of the Chainlink 2.0 whitepaper, outlining future enhancements.
- 2021: Integration of Chainlink technology with ethereum’s layer 2 solutions.