Former NBA Player Says Chainlink is Critical to Smart Contracts

News / 07.04.2020

Some sportsmen noted their support for cryptos over the past years. For instance, Russell Okung, a basketball player in LA, has been a renowned Bitcoin bull for some time. Kris Humphries, a former basketball player, is an altcoin enthusiast. Humphries is an avid fan of Chainlink (LINK).

In recent times, he noted his full support for the cryptocurrency industry. Without mincing words, he voiced his support for Chainlink. He posted on Twitter that the world will soon depend on smart contracts. According to him, Chainlink is the only solution when it comes to bringing data into smart contacts in a secure and decentralized manner.

LINK’s price action in the previous month was not good as its price declined near $0 on Binance because of a slippage error. When March started, its price was close to $5.00 but fell to $1.68 shortly after. Nonetheless, it appears to be preparing for a rebound this month. At press time, it has increased by 18 percent on the day at $2.85.

Market participants often promote LINK as the best protocol when it comes to smart contracts on Ethereum as well as other platforms. Some firms have observed the potential of smart contracts and one of them is Microsoft which introduced its Azure smart contract auditing tool. 

Despite the decentralized finance (DeFi) (also depending on smart contracts) being the key selling point of Ethereum, the amount of assets locked into the domain has declined in the previous few weeks. Right now, it remains unclear whether or not Chainlink will become a stronghold of Ethereum’s DeFI domain.

Source: Cryptopres.

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Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.