Chainlink
ChainlinkRank: # 18
Market Cap: $ 8,031,035,152
Volume (24hrs): $ 454,639,239
Circulating Supply: 748,099,970 LINK
Price in BTC: Ƀ 0.00014162
Change (1 Hr): -1.00%
Change (7 Days): -11.10%
Change (30 Days): 13.10%
All Time High: $ 52.70
All Time High Date: May 9, 2021
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- Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutionsCointelegraph.com News - 2 hours agoGermany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets.Germany’s largest bank,…
- Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: ReportCointelegraph.com News - 3 hours agoBitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.Ethiopia has…
- Italy investigates government email breach linked to Revolut data leakCointelegraph.com News - 3 hours agoItaly is probing the Revolut-linked breach after its cyber agency reported more than 650 cases involving abused or illicit certified email accounts.Italian authorities are investigating…
- Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demandCointelegraph.com News - 3 hours agoBitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss.Bitcoin…
- ECB seeks online merchants for 2027 digital euro pilotCointelegraph.com News - 4 hours agoEuro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot.The European Central Bank (ECB) is…
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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