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Rank #14
LINK Chainlink
LINK Price
$11.2712
+0.35% Market Cap
$7.07B
24H Volume
$288.84M
Circ Supply
626.85M
Chainlink Info
Chainlink is a decentralized oracle network that connects smart contracts on the blockchain to real-world data. It allows smart contracts to access off-chain data, such as stock prices, weather, and other external information, by providing a secure and reliable link between the blockchain and external data feeds.
The Chainlink network is composed of multiple independent nodes, or “oracles,” responsible for collecting and validating external data. These nodes are operated by a decentralized community of users and can be staked to ensure their reliability. Smart contracts can then request data from these nodes, and the nodes will respond with the requested information, allowing the smart contract to execute its intended function.
One of the key features of Chainlink is its use of a reputation system to ensure the quality of the data provided by the oracles. Each node is assigned a reputation score based on its historical performance, and smart contracts can choose to request data from nodes with higher reputation scores for higher-quality data.
Chainlink is built on the Ethereum blockchain and uses the Ethereum smart contract platform to provide a secure and decentralized link between smart contracts and external data. It also has a native token (LINK) used to pay for the data provided by the oracles and can be traded on various cryptocurrency exchanges.
Overall, Chainlink is considered a valuable infrastructure for decentralized applications, it’s been adopted by various DeFi projects and has partnerships with some of the most notable companies in the blockchain and traditional industries.
Chainlink Features
- Connect to Any External API – Easily connect smart contracts to the data sources and APIs they need to function.
- Send Payments Anywhere – Send Payments from your contract to bank accounts and payment networks.
Chainlink News
Chainlink Organization & Team
SmartContract
Smart Contracts verify an execute themselves by monitoring external data sources like digital payments, GPS or any other data that can be used to objectively prove a contract’s performance.
Steve Ellis
CTO
Ari Juels
Technical Advisor
Jake Brukhman
Token Sale Advisor
Brian Lio
Advisor
Andrew Miller
Technical Advisor
Chainlink Intel
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Chainlink Exchanges
Chainlink ICO Details
Chainlink launched its token sale on Sep 19, 2017 and completed it on Oct 19, 2017. It raised a total of $32MM USD from 2649 contributors.
The total supply available for purchase during the token sale was 1 Billion LINK.
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