The concept driving WINkLink revolves around enhancing the capabilities of smart contracts. A notable challenge faced by smart contracts is their limited ability to interact with external entities beyond the blockchain. This issue is commonly addressed through oracles – mechanisms that enable external data to communicate with blockchain based information.
However a significant predicament highlighted by the WINkLink team is the potential centralization + hierarchy associated with oracles. This scenario can lead to a dependence on a central authority for oracle services. This is where WINkLink steps in.
WINkLink aims to offer a solution by establishing decentralized oracles. The ultimate vision is to establish a system that not only simplifies the creation + usage of smart contracts but also ensures their decentralized nature. This idea holds a lot of promise and has many advantages. However the project's litepaper falls short in explaining the mechanisms through which WINkLink will power its native token, $WIN. Due to this extreme lack of information and detail surrounding its token economy I cannot rate this project higher than a 3* right now. Show Less
