ChainLink vs NEAR Protocol
What problem does this service solve?
| ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up. | NEAR's goal is to serve as an open source platform that will accelerate the development of decentralized applications |
Token Stats
Company Description
ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware. | NEAR Protocol is a decentralized application platform designed to make DApps operable on the web. The NEAR network uses a Proof of Stake consensus mechanism called Nightshade. The NEAR utility token is used for processing transactions and storing data, as well as for facilitating voting for governance issues. |
