LINK token is correcting after rallying 35.5%in September. What will it take to provoke a price reversal?
and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins.
Following a series of tests, SWIFT reported its capability to provide a single access point to multiple networks using existing infrastructure. This system relied on Chainlink's Cross-Chain Interoperability Protocol and was said to significantly reduce operational costs and challenges for institutions supporting tokenized assets.
Chainlink responded by downplaying the concerns and stated that the update was part of a regular signer rotation process. This explanation did not invalidate crypto analyst Chris Blec's criticism that"the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye" if Chainlink's signers were to ever"go rogue."
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