Chainlink Introduces Confidential Compute System to Address Blockchain Privacy Issues
- Privacy Gap Challenge: Chainlink founder Nazarov highlighted that privacy gaps limit institutional adoption of public blockchains, driving an increasing demand for private transactions among traditional financial institutions, which impacts the broader application of blockchain technology.
- Confidential Compute System: The newly launched confidential compute system by Chainlink processes private contract logic off-chain while settling results on-chain with cryptographic proofs, ensuring transaction privacy and transparency to meet compliance requirements of financial institutions.
- Cryptographic Proof Mechanism: This system employs zero-knowledge proofs to verify the correctness of transaction execution without exposing sensitive data, with Nazarov emphasizing that this mechanism provides a trust foundation for users and regulators, facilitating blockchain's application in finance.
- Future Encryption Technologies: Chainlink plans to support fully homomorphic encryption and quantum-resistant techniques in the future to further enhance privacy protections, ensuring that smart contracts are designed with privacy in mind to meet the needs of financial contracts.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 8.506 | 8.778 | 9.056 | 9.328 | 9.606 | 9.878 | 10.156 |
| Fibonacci | 8.778 | 8.988 | 9.118 | 9.328 | 9.538 | 9.668 | 9.878 |
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