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ChainLink

ChainLink LINKPrice $ 12.94

Rank: 15

LINK Price

12.94
2.23%
Price Range
LowHigh
$ 12.41$ 13.17

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

# Token

+32

Funds and Backers

Description

ChainLink is a decentralized oracle network.

ChainLink (LINK) Chart

ChainLink price Index provides the latest LINK price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

LINK to USD Converter

ChainLink (LINK)LINK

ICO

17 Sep 2017 — 18 Sep 2017

Raised

$ 3.00M

Price:

$ 0.109

ROI:

118.57x  +11,757%

Platform:

N/A

ATH ROI:

484.11x  +48,311%

LINK Price Statistics

leaderboard

Market Cap

$ 8.25B

Fully diluted value

FDV

$ 12.93B

ATH Market Cap

$ 22.45B


Vol. (24h) / MCap

0.0409

Max Supply

LINK 1,000,000,000

Total Supply

LINK 1,000,000,000

Circulating Supply

LINK 638.10M

(63.8% of Max Supply)

ICO ROI

11,750%

118.50x

ICO Price

$ 0.109

18 Sep 2017

All Time High

$ 52.82

10 May 2021


All Time Low

$ 0.126

23 Sep 2017


From ATH

75.5%

From ATL

10,137%
Trending ChainLink Fiat Pairs

What is ChainLink (LINK)?

Chainlink is a decentralized oracle network. It was created in 2017 to address the issue of smart contracts having to rely on external data sources to execute their terms, for example, on APIs. The project aims to incentivize a network of computers to provide reliable data that smart contracts need to run effectively on blockchains. LINK tokens are the digital asset token used to pay for services on the network.

In essence, Chainlink allows data providers to act as bridges between blockchain smart contracts and external data sources in a decentralized way. It can connect price data, verifiable randomness, medical data, weather data, external APIs, and more to a blockchain.

What are LINK's key features and how does it work?

The data collected can be considered reliable as every oracle within the Chainlink network is given a reputation score, thus data providers are incentivized to provide accurate data to score highly. Chainlink has a three-step process in place to communicate with and collect this data from external sources.

Oracle Selection. A service-level agreement is created to specify data requirements needed by users. The user is then matched to an oracle that can provide the specified data using the SLA. The user then submits the SLA and deposits LINK into an Order-Matching contract, which accepts bids from oracles to provide the data.

Data Reporting. Data oracles connect with external data providers, collect the data, and then it is sent back through the smart contract on the Chainlink blockchain.

Result Aggregation. Data collected by the oracles is analyzed by an aggregation contract. Results of the data oracle are scored and sent to the user.

Chainlink’s architecture is fundamental to the way in which these processes work. It consists of three types of smart contracts:

  • Aggregating Contracts collect data from oracles and match the results with the smart contract that is needed;

  • Order-Matching Contracts match a service level agreement (SLA) with the best bidding oracles;

  • Reputation Contracts verify oracle integrity. They check factors such as the total number of completed requests, average response time, and the amount of LINK cryptocurrency staked on the oracle. 

Chainlink is also able to communicate with independent oracles that do not operate directly on its blockchain. These nodes are made up of two components: 

  • Chainlink Core is responsible for reading newly filed SLAs and sending data requests to the Chainlink Adapter.

  • Chainlink Adapter acts as the bridge between the node and the external data. The adapter reads and processes data to then send it to the blockchain.

Chainlink's technology is based on the hybrid consensus algorithms of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA), to transport consistent data very quickly.

ChainLink Price Today

ChainLink's current price is $ 12.94, it has increased +2.23% over the past 24 hours.

ChainLink's All Time High (ATH) of $ 52.82 was reached on 10 May 2021, and is currently -75.5% down.

The current circulating supply of ChainLink is 638.10 Million tokens, and the maximum supply of ChainLink is 1.00 Billion.

ChainLink’s 24 hour trading volume is $ 339.01 Million.

ChainLink's current share of the entire cryptocurrency market is 0.29%, with a market capitalization of $ 8.25 Billions.

You can find more details about ChainLink on its official website and on the block explorer.

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