LINK Price Skyrockets While Chainlink Introduces Solution for Driving Enterprise Blockchain Adoption

Libra Coin News
Mon, 10/07/2019 - 16:35
Alex Dovbnya
The LINK price spikes by more almost ten percent, reaching its highest level since August
Cover image via www.123rf.com

Decentralized oracle network Chainlink has presented the Trusted Compute Framework (TCF) that is supposed to propel enterprise Blockchain adoption. The advent of the TCF will solve the scalability issue by executing computation off-chain. 

Off-chain smart contract processing is more efficient than traditional blockchain transactions because it does not require replicated execution at each blockchain node.

The company's blog post also states that the TCF will be able to retain computation trust (something that Blockchains are known for) by relying on a Trusted Execution Environment (TEE). 

Related
Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken

Meanwhile, the LINK price is up by nine percent over the last 24 hours, reaching its highest level since August. However, the oracle token is still down significantly from its current all-time high of $4.05 that was recorded on June 30. 

As reported by U.Today, Blockchain analytics startup AnChain.AI determined that the LINK price was grossly manipulated by a handful of traders.                            

Will the LINK price continue to surge? Feel free to comment on the coin's price action! 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.