I don`t know why, but people like blinking lights. You see LED chasers everywhere, in TV shows (Knight Rider), movies, and store windows. This schematic is my version of a simple 10 LED chaser. There is no 555 timer used because at my local electronics store they are over $4 Cdn. Instead, an oscillator made up of two sections of a 4011 NAND gate is employed. This chip is very inexpensive and extremely common.