What is Chain-key Chainlink
Canister smart contracts on ICP can integrate with the Ethereum network using a combination of replicated HTTPS outcalls to a known set of public Ethereum nodes to read state and submit transactions, and chain-key ECDSA (ckECDSA) signatures, an enhanced version of threshold ECDSA, to sign those submitted transactions.
Building upon this integration framework, ckLINK is a pair of canister smart contracts that utilize HTTPS outcalls and ckECDSA services. The ckETH minter and ckLINK ledger contracts work together to enable users and smart contracts to send and receive LINK value within seconds with negligible transaction fees, and no gas fees, while also always allowing users and smart contracts to send and receive LINK value to and from the Ethereum network.
ckLINK exposes ICRC-1 and ICRC-2 ledger interfaces (the fungible token standards of ICP), making it simple for all wallets on the Internet Computer to offer ckLINK support.
The pair of smart contracts work in unison to ensure that the total value of ckLINK is fully backed 1:1 by LINK. This can always be verified by viewing the on-chain dashboards and metrics of the canisters: ckETH Minter dashboard, ckETH Minter metrics, ckLINK Ledger metrics.
Chain-key Chainlink vs Stoic AI Crypto Trading Bot
Predicting which cryptocurrency will ultimately lead the market is almost impossible
There’s no guarantee that Chain-key Chainlink (CKLINK) will still dominate in 5 years. A newer, more efficient technology could attract the majority of developers, users, and capital. Alternatively, a critical flaw in Chain-key Chainlink’s (CKLINK) design or ecosystem could hinder its progress altogether.
Instead of trying to predict the winner, a smarter approach is to diversify with a portfolio of potential contenders, including Chain-key Chainlink (CKLINK).
This is where Stoic’s AI-powered crypto trading bot comes in. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
The AI crypto trading bot rebalances the portfolio daily, cutting losses early and taking profits regularly. This eliminates the need for manual research and trading, making Stoic one of the best crypto trading bots for investors looking for a hands-free solution.
Over 15,000 people already trust Stoic to automate their crypto investing with cutting-edge bot trading technology. Whether you're new to crypto or an experienced trader, Stoic offers a seamless way to participate in the market with AI crypto trading.