ChainLink’s Price Has Benefited from the PayPal News. In terms of price action, ChainLink has benefited positively from the news of PayPal providing crypto services to its users.
Since the PayPal news broke, ChainLink has managed to break several resistance levels including the ones found at the $10.80 and $11.20 price areas.
At the time of writing, LINK is trading at $11.70 and is eyeing to break the $11.80 resistance zone. If the current bullish momentum persists, ChainLink (LINK) could have a go at the $12 resistance area in the hours or days to follow.
Linking a Twitter Handle to an Ethereum Address Can be Used for Verification
Linking a personal Twitter handle to a public Ethereum address can be used as a form of identity verification when sending funds.
Therefore, crypto users can confirm the identity of the individual they are sending funds to after entering the ETH address rather than the normal procedure of double-checking, and sometimes triple checking the Ethereum address.
- ChainLink technology is now being used by Unstoppable Domains to link Twitter handles to public Ethereum addresses
- This can be used as a form of identity verification and reduces the hustle of double-checking ETH addresses before sending funds
- The price of ChainLink has also benefited from the news of PayPal offering crypto services to its users
Crypto users can now link their Twitter handles to a public Ethereum address thanks to the integration of ChainLink technology by the team at Unstoppable Domains. The announcement was made via Twitter and can be found below.
1/ Blockchain domain provider @unstoppableweb is using #Chainlink live on mainnet to allow users to link their Twitter handle to a public #Ethereum address as a form of identity verification. Learn how to claim your blockchain domain in the video below. pic.twitter.com/tItznY1Ylb
— Chainlink – Official Channel (@chainlink) October 20, 2020
How To Link Your Twitter Handle to an Ethereum Address
The tweet above by the team at ChainLink includes a video that illustrates the following process of linking your Twitter handle to an Ethereum address.
First, you need to register a blockchain domain at UnstoppableDomains.com
Then you point your domain to a Twitter account you own by signing a message with your private key.
Next, you send out a tweet from your Twitter account to prove they truly own it. This tweet is then fetched by a Chainlink-powered decentralized oracle network, cryptographically hashed, and stored on the Ethereum blockchain to tie it to a specific domain name.
Last, you go into a wallet, type in the blockchain domain, and see the Twitter account displayed before sending money.