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Chainlink

LINK

Chainlink Market Stats

Chainlink Price

$22,014.48

Chainlink Price Change (24H)

$22,014.48

Chainlink Price (24H Low)

$22,014.48

Chainlink Price (24 High)

$22,014.48

Chainlink Price (All Time High)

$22,014.48

Chainlink Market Cap

$22,014.48

Chainlink Volume (24H)

$22,014.48

Chainlink Circulating Supply

$22,014.48

Chainlink Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What Is Chainlink (LINK)?

Chainlink (LINK) is quickly becoming an indispensable tool for blockchain platforms, helping them gather information from the outside world. This network enables the implementation of real-world data into a smart contract.

The Chainlink network aims to develop a network where data providers are incentivized by money. Here, they provide reliable and truthful data to the blockchain network. These data providers are called oracles. An oracle is software that acts as a mediator, helping in establishing mutual data contracts and linking the smart contract and the world.

Simply put, Chainlink is a decentralized network of oracles that deliver data from off-chain sources to on-chain sources. This allows smart contracts on the blockchain to receive real-world information securely.

Chainlink Coin - Comparewise

Who Created Chainlink (LINK)?

The Chainlink network is an invention of the SmartContract company. In 2017, Sergey Nazarov and Steve Ellis co-authored a white paper introducing the protocol used by Chainlink. Ari Juels, a Cornell professor, also contributed to the whitepaper. The paper discussed the vision of offering a decentralized oracle network to the industry.

Chainlink was developed to solve the blockchain network’s real-time problem with smart contracts. Initially, they offered their services for smart contracts on the Ethereum network. They’ve since expanded their services to other blockchains that support smart contracts.

This network was officially launched in 2019. It raised $32 million in its Initial Coin Offering and sold about 35% of its total offering.

How Does Chainlink (LINK) Work?

The Chainlink network functions as a bridge between the booming blockchain industry and traditional governance structures. Chainlink (LINK) founders have always been eager to expand their blockchain beyond the crypto network. Like Cardano and Polkadot, Chainlink (LINK) works with the Proof of Stake concept.

Simply put, Chainlink technically replaces a series of mediators. The oracles mentioned in Chainlink replace these intermediaries with lines of code. Data is added to the network by node operators. These node operators are validators that lock their coins and become trusted data sources.

The technology pays the node operators to provide truthful and reliable data to the smart contracts. When smart contracts need data from the outside world, they generate request contracts. Chainlink’s algorithm registers these contracts as events and then creates SLA. This lets them read the data they need from outside the blockchain.

These SLAs are then divided into three different contracts. The reputation contract evaluates an oracle’s track record to determine its data’s authenticity. It then removes any unreliable nodes. The order contract converts the query into another programming language so that it can retrieve actual data from the Internet.

The aggregation contract is then used to validate the data from one or more sources. This allows the Chainlink network to pass the data seamlessly and reliably to the smart contract.

Is Chainlink (LINK) a Good Investment?

The Chainlink network has gained popularity due to the ever-increasing demand for blockchain technologies and smart contracts. It’s slowly becoming the recommended network for integrating real-world data into smart contracts. The platform is a vital part of the future of blockchain technology.

As cryptocurrencies and decentralized applications become more prevalent, the Chainlink network will grow in importance and value. This is one of the primary reasons why a long-term investment in LINK tokens can be beneficial. The Chainlink network has a wide range of use cases. It can be used to feed information from IoT devices into smart contracts on blockchain technology.

With the rising popularity of the platform and strong technological support, Chainlink is far ahead of its competitors. It’s established a stable position in the market. This makes the LINK token an excellent investment to buy and hold.

FAQs about Chainlink (LINK)

How Many Chainlink (LINK) Coins Are There?

Chainlink (LINK) coins are limited in number. The maximum supply of LINK coins is capped at 1 billion tokens. Out of these, around 453,509,553 LINK tokens are already in circulation.

How Is Chainlink (LINK) Secured?

The Chainlink is secured by the Proof-of-Stake blockchain protocol, where investors block their coins and provide the network with reliable information.

What Can You Use Chainlink (LINK) For?

Chainlink is a decentralized network that uses oracles to offer real-life data to smart contracts. It connects blockchain technology to the real-time world. The network can be used to offer information like weather updates, stock information, or IoT data to blockchain technology.

Chainlink News

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Best Chainlink Wallets

Earn up to 8% yield on your crypto with Secure Wallet
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IOTA
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Chainlink Analysis

Chainlink (LINK) Analysis Summary

The value of the LINK token has increased stably, indicating that it’s a stable currency. In the first two years, the token’s value remained below $1. It reached its peak in 2021 but has since corrected and is following a rising trend line. As more investors become interested in the technology, the token is expected to surpass its all-time high before 2026.

The Chainlink network has become more robust, with more than 20,000 active node operators. The growing popularity of the virtual world offers the sheer implementation of Chainlink technology. As a result, the LINK token is expected to reach an average price of $50 by 2023.

Analysts predict the token will reach the $100 mark by 2025. This is based on the prediction that Web 3.0 technology will take hold. As the Metaverse becomes a reality, there’s a good chance that Chainlink technology will be used more than ever. The LINK token is expected to average between $160 and $170 by 2026.

By the decade’s end, the mass adoption of blockchain technology could increase the value of crypto tokens. As Chainlink connects the real world with technology, the LINK token is expected to reach a peak value of $397 by 2030.

Analysis Q&As

What is Chainlink price today?

Chainlink price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Chainlink?

Chainlink hit an all time high of [All High].

What was the lowest price for Chainlink?

Chainlink had an all time low of [All Low].

What was the 24 hours trading volume of Chainlink?

The 24 hour trading volume of Chainlink is [Volume].

Where can Chainlink be traded?

You can trade Chainlink on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Chainlink in the market includes LINK/USD, Chainlink/CAD, Chainlink/EUR, Chainlink/GBP, and Chainlink/AUD. Chainlink is a token that is related to the Avalanche, DeFi, Polkadot, Solana... categories.

What exchange is Chainlink on?

Online traders can buy or sell Chainlink (LINK) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Chainlink Technicals

See Comparewise coin rating definitions for more information.

Chainlink Price Statistics
Chainlink Price Today

08/16/2022

Chainlink Price

$22,014.48

Chainlink Price Change (24H)

$22,014.48

Chainlink Price (24H Low)

$22,014.48

Chainlink Price (24H High)

$22,014.48

Chainlink Price (All Time High)

$22,014.48

Chainlink Market Cap

$22,014.48

Chainlink Volume (24H)

$22,014.48

Chainlink Circulating Supply

$121.3M

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