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The live Chainlink price today is $36.40 USD with a 24-hour trading volume of $3,414,565,107 USD. Chainlink is down 12.13% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of $15,252,530,419 USD. It has a circulating supply of 419,009,556 LINK coins and a max. supply of 1,000,000,000 LINK coins.
Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens. LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators. Since the Chainlink network has a reputation system, node providers that have a large amount of LINK can be rewarded with larger contracts, while a failure to deliver accurate information results in a deduction of tokens. Developers describe LINK as “an ERC20 token, with the additional ERC223 'transfer and call' functionality of transfer (address, uint256, bytes), allowing tokens to be received and processed by contracts within a single transaction.” Following the 2017 $32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to incentivize the ecosystem and 30 percent stayed within Chainlink for development (35 percent were sold in the public token sale).
Chainlink is a platform that aims to bridge the gap between blockchain technology-based smart contracts (made widespread by Ethereum), and real world applications. Since blockchains cannot access data outside their network, oracles (a defi instrument) are needed to function as data feeds in smart contracts. In Chainlink's case, the oracles are connected to the Ethereum network. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions. Participants on the Chainlink network are incentivized (through rewards) to provide smart contracts with access to external data feeds like API information. Should users desire access to off-chain data, they can submit a requesting contract to Chainlink’s network. These contracts will match the requesting contract with the appropriate oracles. The contracts include a reputation contract, an order-matching contract and an aggregating contract. The aggregating contract gathers data of the selected oracles to find the most accurate result.
You can buy Chainlink (LINK) on any exchange that supports the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.
Our most recent articles about Chainlink:
|24h Low / 24h High|
|Volume / Market Cap||0.2239|
|Fully Diluted Market Cap||$36,401,390,337.52|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighApr 15, 2021 (5 days ago)
All Time LowSep 23, 2017 (4 years ago)
|Circulating Supply||419,009,556 LINK|
|Total Supply||1,000,000,000 LINK|
|Max Supply||1,000,000,000 LINK|