Chainlink
ChainlinkRank: # 20
Market Cap: $ 9,394,376,369
Volume (24hrs): $ 770,694,105
Circulating Supply: 696,849,970 LINK
Price in BTC: Ƀ 0.00014689
Change (1 Hr): -1.21%
Change (7 Days): -12.47%
Change (30 Days): -21.78%
All Time High: $ 52.70
All Time High Date: May 10, 2021
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- News
| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Cloudflare blames database error for outage that took down 20% of the internetCointelegraph.com News - 15 minutes agoCloudflare says a bug in its Bot Management System crashed 20% of webpages on Tuesday, including some of the crypto industry’s biggest websites. Internet services…
- US won’t start Bitcoin reserve until other countries do: Mike AlfredCointelegraph.com News - 1 hour agoThe US government will start buying Bitcoin for its strategic reserve when there is “enough pressure externally,” says crypto entrepreneur Mike Alfred. The US government…
- Kraken bags $800M for expansion plans at $20B valuationCointelegraph.com News - 2 hours agoCrypto exchange Kraken has raised $800 million across two funding rounds, which boosted its valuation to $20 billion. Kraken says it’s now valued at $20…
- Canaan stock surges as Q3 revenue doubles on Bitcoin miner demandCointelegraph.com News - 2 hours agoShares in Canaan jumped 20% on Tuesday as the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year. Shares in Canaan surged…
- Bitfury pivots to launch $1B tech fund after 14 years of mining BitcoinCointelegraph.com News - 4 hours agoBitcoin miner Bitfury started up in 2011, but has now pivoted to tech investing and will pour $1 billion into ethical AI and crypto startups.…
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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