What is ChainLink (LINK)?
ChainLink is a decentralized oracle (software built on top of a blockchain), which provides external data to Ethereum smart contracts. ChainLink is an open source project, started at September 2017 by a company SmartContract. This company was already creating secure oracles for Bitcoin and Ethereum for over 3 years, but in 2017 decided to move towards their own middleware ChainLink. At the moment ChainLink is maintained by 3 developers.
The main purpose for creating ChainLink was to provide nnectivity between blockchains and external software such as bank payments, retail payments (Visa, Paypal), market data (NYSE, Bloomberg) and backend systems (SalesForce, SAP). This allows to integrate blockchain with off-chain sales and local payments, to turn them into smart contracts in exchange for LINK tockens. LINK token is an EIP20 Ethereum token with some additional functions. ICO for LINK tokens was completed on September 2017 raising total of $32.00 M.
Currently ChainLink only works with Ropsten, a test Ethereum network.
ChainLink Calculator
More Information
- Charts
- Historical Data
- Markets
- Social
- News
- Comments
- Zoom
- Type
| Date | Open | Close | High | Low | Volume |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Ransomware Attacks Are Exploding in the Education SectorCointelegraph.com News - 3 hours agoA Verizon report highlights the growing number of ransomware attacks across educational services. Educational services across the globe have been witnessing a surge in ransomware…
- Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price SurgeCointelegraph.com News - 4 hours agoWhile Ethereum 2.0 is still not set in stone, three key metrics show us that users and investors are optimistic about the price of ETH.…
- Price Analysis 5/25: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADACointelegraph.com News - 5 hours agoSeveral major cryptocurrencies have turned down from their resistance levels, hinting that further downside could occur in the short-term. Bitcoin (BTC) has neither run away…
- Tether Unseats XRP As Third-Largest Crypto, Dwarfing Its Volume 25:1Cointelegraph.com News - 6 hours agoThe race for third place is still far from over. Tether (USDT) has overtaken XRP to become the third largest cryptocurrency by market capitalization, as…
- Libra Exec Hirings Suggest Commitment to Anti-Crypto RegulationsCointelegraph.com News - 6 hours agoExperts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines. Following a big-time update to its white paper…