Chainlink saw a spike in its Social Volume recently, taking it to the highest in over six months. LINK saw a higher average number of Daily Active users in January. In a post on 23 January, Chainlink [LINK] highlighted the Proof-of-Reserve (PoR) and its advantages. Because of the FTX crash in 2022, the concept gained […]
‘s Proof of Reserve is a distributed oracle service that can validate the reserves of a smart contract. To do this, the smart contract requests the current balance of a specified account from the Chainlink network and compares it to the balance defined in the contract.
This adds credibility to the smart contract by verifying that it owns the assets it states it does. Having been in development for some time, Chainlink finally released its Proof of Reserve services in late 2020.Santiment’s data suggested the PoR post struck a chord with the crypto community, leading to a surge in the conversation and interest in
. By 23 January, the Social Volume metric surpassed 37,000. This was the most significant level that the metric had been at in over half a year, making it rather outstanding.The social volume metric is used in the crypto space to describe the level of discussion and interaction surrounding a given coin/token on various online discussion boards and social media channels. The level of interest and enthusiasm about a cryptocurrency may be gauged by looking at its social volume.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hack-proof your accounts: Cybersecurity expert reveals tips for creating unbreakable passwordsAvoid become another cyber-attack victim.
Read more »
'Bizarre' fictional COVID-19 report, penned by Preston Manning, resurfaces on social mediaThe man Alberta is paying $253,000 to find out what went right – and wrong – with the province's pandemic response has already come to his own conclusions in a report published online last spring.
Read more »
Alec Baldwin Criticized For Sharing First Personal Social Media Post Since Involuntary Manslaughter ChargesSocial media users weren't sure what to think of Alec Baldwin's first personal social media post since it was revealed that he was set to be charged with involuntary manslaughter after the tragic “Rust” shooting in October 2021. Cinematographer Halyna Hutchins died on set after a gun that the actor was holding went off during…
Read more »
GREEN: Trudeau's 'net-zero' mission will cause widespread economic and social harmThis year — 2023 — marks year two of Canada’s net\u002Dzero plan, which will remake virtually every aspect of our economy and society.
Read more »
GREEN: Trudeau's 'net-zero' mission will cause widespread economic and social harmThis year — 2023 — marks year two of Canada’s net\u002Dzero plan, which will remake virtually every aspect of our economy and society.
Read more »