Chainlink Tied Up

Chainlink Tied Up
By
Steffani Cameron Updated
October 28, 2021

Reviewed by

Chris Deziel, Building Contractor

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Installing Traditional Chain Link Ties

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What chain link fencing lacks in aesthetics, it makes up for in usefulness, affordability and ease of maintenance. Part of the reason chain link fences are such a popular fencing solution is how easily they can be kept up and repaired.
A good chain link fence consists of metal posts set in concrete with a spacing of between 6 and 10 feet between them. The more closely the posts are set, the more rigid the fencing will be, but costs will be higher as well.
Luckily, part of what keeps maintenance affordable and easily done is the chain link ties, wire or bands used to bind the chain link fabric to the posts and rails. With per-tie costs being generally very low, it's easy to conduct seasonal repairs to keep your fencing at its best.
Chain link wires and ties are not all created equally. "Gauge" is how the strength of the metal is measured in a chain link tie, and the lower the number, the stronger or heavier it is. For residential yard fencing, 11- to 9-gauge ties will get the job done. For commercial and higher-security purposes, 9- to 6-gauge ties are recommended. Heavier-gauge ties will cost you more.
Another pricing difference will be encountered when choosing between preformed wires, bands and ties versus traditional ties. Preformed are easier to attach and inclined to be more secure as they're less likely to be improperly affixed. If choosing preformed, there are many types, and they'll usually have installation instructions included in the packaging.
Twist ties are frequently used by commercial installations and even correctional institutions. They're pre-shaped for easy wrapping around the post. Often, they can be quickly twisted into place with a custom drill bit for power tools, making installation much quicker. These drill-tied styles are known for getting chain link fabric super-taut, resulting in fewer vibrations that can set off commercial security alarms.
Self-locking fabric bands are a band, not a tie, that goes around the fence post or rail, wrapping around a part of the chain link wire. One end of the protruding band is longer, to be folded over the shorter end of the band, like an envelop tab. A pair of linesman's pliers can be used to pinch these two parts of the band together, and then fold them over again so it sits flat against the post or rail. These aesthetically-appealing bands are durable enough for all manner of residential use.
If using traditional ties, sometimes called J-hooks for their shape, it's a little more work than with bands or preformed ties. Simply put, they tie around the post so that both ends come out on opposite sides of the post, through the chain link fabric. Use pliers to fold the tie around one wire of the chain link fabric. Repeat this with the other end of the chain link tie, folding it around another wire in the fabric. Do this for each tie.
The tighter you wrap the tie and fold it over, the more secure and taut the chain link fabric will be.
In a typical installation, recommended tie spacing is every 18 to 24 inches along the fencing and up the fence posts. It's best to go with 18 inches between each tie, though, because this will keep the chain link fabric well-suspended over the long haul. At pennies per tie or band, it's worth it to spend a more time securely affixing the fabric at intervals of 1 foot. On vertical posts use one tie every foot at a minimum.
We've all seen the saggy, baggy chain link fence, and it's the result of using too few ties in the installation process.
If you've got a dog that'll jump on the fence every time the mail truck rolls past or a child who's dreaming of playing soccer in the big leagues and will be kicking their ball against the fence for rebound practice, you'll be grateful you used more ties.

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By
Lyle Daly –
Jun 8, 2022 at 1:28PM

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Lyle Daly has positions in Cardano, Chainlink, Ethereum, Polkadot, and Solana. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Chainlink, Coinbase Global, Inc., Ethereum, and Solana. The Motley Fool has a disclosure policy .

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Chainlink ( CRYPTO:LINK ) is a decentralized blockchain oracle network. A blockchain oracle is a service that transfers real-world data to smart contracts (programs running on blockchains). Chainlink allows smart contracts to quickly and securely connect to data sources.
It's an important service, and it gives Chainlink a wide range of use cases across many different industries. Read our full Chainlink guide to learn more about how it works and why it's one of the best cryptocurrency investments.
The reason Chainlink is so useful is that it connects smart contracts on blockchains to real-world data and events.
Smart contracts are blockchain programs that self-execute when specific conditions are met. They're one of the most widely used blockchain tools, and blockchain platforms capable of running smart contracts are extremely popular. But they have a limitation referred to as the blockchain oracle problem. They can't interact with off-chain data or any information not on the blockchain.
Blockchain oracles solve that problem. An oracle is a bridge that brings a smart contract the data it needs. It's also important that the smart contract receives accurate data, and that's where the Chainlink Oracle Network comes in.
Chainlink is made up of various decentralized oracle networks. Each network consists of multiple blockchain oracles that retrieve and validate data. This allows smart contracts using Chainlink to get data from tens to hundreds of oracle nodes and aggregate the result instead of relying on a single oracle.
Beyond connecting smart contracts to data, Chainlink's ambitious version 2.0 expands its set of services to include connecting smart contracts with off-chain computation, payments, and events. With the expansion of off-chain functionality, Chainlink sees the evolution of a whole new class of "hybrid" smart contracts -- and with Chainlink nodes in the middle of it all.
Chainlink also cleverly expands its ecosystem by enabling data providers to sell their data directly to blockchain applications (on any blockchain) simply by connecting their application programming interface (API).
Sergey Nazarov, Steve Ellis, and Ari Juels published the original Chainlink white paper and began developing the project in September 2017. They also held an initial coin offering (ICO) that month, selling 350 million LINK tokens (35% of the total supply) and raising $32 million.
Chainlink launched its network in May 2019. The project is managed by a corporation registered in the Cayman Islands, Smartcontract Chainlink, Ltd., and the Chainlink Labs organization.
Although Chainlink is in a multi-year process of expanding its oracle features, the way it currently provides data to blockchain applications works like this: When a user needs off-chain data through Chainlink for their smart contract, they put out a request. The Chainlink protocol responds by creating a service-level agreement (SLA). The SLA includes three sub-contracts, each with its own function:
Chainlink isn't limited to oracles that are part of its network. It can also gather data from outside oracles using its Chainlink Core software and external adapters. Here's how they work:
Users pay Chainlink node operators (which deliver off-chain data) in LINK tokens. Node operators set the prices for their services.
Chainlink nodes also need to stake LINK, meaning they lock up those tokens on the blockchain as collateral. The amount of LINK a node has staked is one factor in its reputation score. If a node is unreliable or dishonest, the Chainlink protocol taxes its LINK stake. This helps ensure that nodes provide accurate information.
Because it provides such a valuable and essential service, Chainlink has built up a massive list of partners, including many of the biggest blockchain networks, decentralized finance (DeFi) platforms, and crypto games. Here are some of the major blockchain networks that are using Chainlink:
One of the most notable companies working with Chainlink is Alphabet ( NASDAQ:GOOGL ) ( NASDAQ:GOOG ), which decided to use Chainlink for its Google Cloud service. The partnership involves Google putting its BigQuery data on the blockchain through Chainlink.
A major Chainlink partner in the crypto industry is the Binance crypto exchange. It uses Chainlink to connect its data to blockchain platforms.
Keep in mind that those are just a small selection of some important connections made by Chainlink. The Chainlink ecosystem contains more than 1,000 partnerships and collaborations.
You can make passive income with Chainlink by lending your LINK tokens to a crypto lending program. If you're a U.S. resident, CoinLoan and Gemini are two platforms that support Chainlink lending. While Gemini is considered one of the top crypto exchanges , CoinLoan offers much higher interest rates on LINK.
Lending crypto has its risks. Like any other type of lending, you can lose your funds if a borrower defaults.
To Chainlink's credit, it doesn't have any glaring weaknesses or flaws. The price is volatile and it's part of a very new, unproven industry, but that's the case for all cryptocurrencies. If you're going to invest in any types of cryptocurrency , volatility and risk come with the territory.
Chainlink has gotten attention for its token distribution. A 2021 report found that 125 wallets held 81% of the total LINK supply, with Chainlink node operators holding 35% and the Chainlink team almost 25%.
Although this can lead to worries that a small group of whales (investors who own large amounts of crypto) have too much control, that doesn't seem like the case here. The Chainlink team was open about token distribution from the beginning and how it would use its supply to fund development. A large part of the reason Chainlink has been so successful is because the team has had the funds necessary to expand.
Chainlink is a quality investment that's worth considering if you're building a cryptocurrency portfolio. It offers excellent utility, widespread adoption, and has a significant first-mover advantage compared to other decentralized oracle networks.
Smart contracts on every blockchain network need (and will continue to need) real-world data. Chainlink provides an efficient and accurate oracle solution. The fact that there are already so many projects using the Chainlink network is a testament to its utility.
Also boding well for Chainlink's growing adoption is the fact that it’s blockchain-agnostic and not tied to any single network. Chainlink also has shown initiative in proposing a global, open-source standard for cross-blockchain messaging, the Cross-Chain Interoperability Protocol (CCIP). Whether or not CCIP becomes a popular global standard, its proposal is significant, and it puts Chainlink in a high-profile position as the blockchain industry continues to evolve.
When you look at the oracle token market, it's apparent that Chainlink is in a very strong position. None of its competitors even come close in terms of size. As of May 2022, no other oracle token had even one-tenth of Chainlink's market cap or had broken into the top 100 cryptocurrencies.
That being said, it's also important to be cautious about any cryptocurrency investment. As mentioned earlier, prices are volatile, and they can rise or fall quickly. If you decide to invest in Chainlink, other projects, or cryptocurrency stocks , be cautious about how much you spend.
These technologies serve as the gateway between the digital blockchain and human society.
Combine finance and technology and you get companies in this space.
This form of ledger technology is what's behind cryptocurrencies and other tech trends.
Take advantage of the changing finance industry, and invest in its most promising stocks.
Since Chainlink is one of the larger cryptocurrencies, there are plenty of exchanges that list it. Here are a few of the most popular places for U.S. investors to buy Chainlink:
If you already have an account on a different crypto exchange, check for Chainlink there first. It's widely available, so you may not need to go anywhere new to find it.
Chainlink is popular among cryptocurrency enthusiasts, and it's easy to see why. No cryptocurrency is a sure thing, but, with the features it offers, Chainlink clearly has the potential for long-term success.
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TVE is calculated by taking the sum of the USD value associated with each transaction utilizing a Chainlink oracle.
Chainlink TVE currently reflects the aggregate USD value of crypto transactions facilitated by Chainlink in 2022 on Avalanche, BNB Chain, Ethereum, Fantom, Gnosis, Heco, Optimism, and Polygon.
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function getThePrice () public view returns ( int ) {    (      uint80 roundID,      int price,      uint startedAt,      uint timeStamp,      uint80 answeredInRound    ) = priceFeed.latestRoundData();    return price;  }
function requestAvgTemp (  ) external {    Chainlink.Request memory req = buildChainlinkRequest(      avgTempJobId,      address ( this ),      this .fulfillAvgTemp.selector    );    sendChainlinkRequest(req, fee);  }
function requestScore (  ) external {    Chainlink.Request memory req = buildChainlinkRequest(      sportScoreJobId,      address ( this ),      this .fulfillWinner.selector    );    sendChainlinkRequest(req, fee);  }
function checkUpkeep (  bytes calldata checkData )  external  returns (    bool upkeepNeeded,    bytes memory performData  );
1164636110501196599387136881304611 0418128642690385609708155250752713 810786281
unit256 public randomResult; f unction fulfillRandomness ( uint256 requestId, unit256 [] randomness) internal override {   randomResult = (randomness[ 0 ] % 50 ) + 1 ; }
function requestData () public returns ( bytes32 requestId ) {  Chainlink.Request memory request = buildChainlinkRequest(jobId, address (this), this.fulfill.selector);  request.add( "get" , "https://my-api.com/endpoint" );  request.add( "path" , "status" );    return sendChainlinkRequestTo(oracle, request, fee); } function fulfill ( bytes32 _requestId , uint256 _response ) public recordChainlinkFulfillment(_requestId) {  response = _response; }
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Chainlink Tied Up

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