Chainlink, a decentralized oracle network, connects smart contracts to real-world data, ensuring reliable information for blockchain applications.
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Chainlink is a decentralized network of oracles created in 2017 to solve the problem of smart contracts needing external data, such as APIs, to execute their terms. It aims to motivate a network of computers to supply dependable data for blockchain-based smart contracts. LINK tokens serve as the digital currency to pay for services on the network. Essentially, Chainlink connects data providers to blockchain smart contracts in a decentralized manner, covering data types like price feeds, randomness, medical records, weather information, and external APIs. Its reliability is maintained through a reputation system for oracles, encouraging accurate data provision. Chainlink operates via a three-step process: Oracle Selection (matching users with oracles via SLAs and bidding with LINK), Data Re...
As of now, ChainLink is trading at 16.33 USD, with a 24-hour trading volume of approximately 51.76M USD. The LINK to USD price is updated in real time. Over the past 24 hours, ChainLink has decreased by 3.13%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 10.73B USD. Currently, there are 657 099 970.452787 LINK in circulation out of a maximum supply of 1 000 000 000 LINK.
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