Chainlink
ChainlinkRank: # 16
Market Cap: $ 9,479,857,111
Volume (24hrs): $ 470,832,651
Circulating Supply: 748,099,970 LINK
Price in BTC: Ƀ 0.00015532
Change (1 Hr): 1.01%
Change (7 Days): -12.30%
Change (30 Days): 0.95%
All Time High: $ 52.70
All Time High Date: May 9, 2021
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Here’s what happened in crypto todayCointelegraph.com News - 4 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- Netflix drops trailer for series based on FTX’s SBF and Caroline EllisonCointelegraph.com News - 4 hours agoSam Bankman-Fried remains in federal prison following his 2023 conviction, while Caroline Ellison was released in January.Video streaming platform Netflix released a trailer for its…
- IMF warns tokenized markets could amplify financial risksCointelegraph.com News - 6 hours agoThe global financial institution found tokenized equity markets less liquid and more volatile than traditional markets, despite growing demand for 24/7 trading.Tokenization could reshape financial…
- Bitcoin nears 3-week low as oil heads higher on Iran strike woesCointelegraph.com News - 6 hours agoBitcoin dipped below $81,000 and oil prices gained after reports that military confrontation between the US and Iran could return.Bitcoin (BTC) risked losing key support…
- US government moves $1B in seized Bitcoin after $770M transfersCointelegraph.com News - 7 hours agoBlockchain analysts identified the US government wallet tied to the recovery of funds from the Bitfinex hack.The US government completed another major transaction involving seized…
What is Chainlink?
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.
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