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Zach Rynes, industry influencer, states that a new Bitwise paper explores why Chainlink (LINK) is essential infrastructure for onchain finance. He describes blockchains as inherently isolated systems, likening them to computers without internet connections, and notes that Chainlink serves as the bridge connecting these chains to real-world data and events.
According to Rynes, Chainlink currently reaches over 70 major financial projects, highlighting its adoption across the sector.
Rynes previously highlighted Chainlink's Cross-Chain Interoperability Protocol (CCIP) for its focus on protocol-level security and decentralized validation in a recent analysis. He has also questioned LayerZero about its security practices following reports that North Korea accessed key servers in a $290 million exploit. These discussions reflect ongoing concerns about the security and reliability of blockchain infrastructure.