ChainLink Price today
ChainLink, also known as LINK, has a price today of 1,71$ and a market capitalization of 1.712.000.000$, which is 0,60% of the total. ChainLink has a total of 1.000.000.000 coins in circulation.
In the last 24 hours, the price of ChainLink has decreased -0,04$, which is -2,00% of its valuation.
What is ChainLink?
According to the developers, ChainLink is the middleware that connects the blockchain and smart contracts. ChainLink is such a cryptocurrency which people can use for any payment or transaction on the platform.
The San Francisco fintech company launched ChainLink in June 2017. It uses smart contracts which access key off-chain resources such as web APIs, traditional bank account payments and data feeds.
ChainLink has its own cryptocurrency called LINK token. ChainLink created its Link Token to pay node operators. Users can use it as the transaction medium on the ChainLink network.
The ChainLink Network is a decentralized network of ChainLink Nodes. The ChainLink Network contains two separate parts: on-chain and off-chain. To deliver the service they must interact. The ChainLink network is upgradable.
The on-chain component of the network is based on the metrics requested by a party to a smart contract. It filters oracle using a services level agreement (SLA). The off-chain component of the network contains oracle nodes connected to the Ethereum network. The ChainLink system ensures accurate results from the Oracle.
- Provides service level agreement (SLA) which assists to search oracle in the ChainLink system.
- Provides its users with the option to apply penalty fees for misbehavior.
- It allows smart contracts connecting securely to the off-chain data and APIs.
- It provides with the external data to trigger smart contracts execution.
The ChainLink platform basically built on blockchain technology. It uses Oracle. Users can find Oracle in the ChainLink network by using a service level agreement (SLA). The off-chain oracles transmit the requested data to the blockchain for on-chain nodes to process by carrying out the service agreement. ChainLink also uses smart contracts with cryptographic code.Visit website open_in_new
|Price in BTC||0.00016503 BTC|
|Current Supply||1.000.000.000 LINK|
|Total Supply||1.000.000.000 LINK|
|24h Volume (coin)||1.094.065 LINK|
|24h Volume (currency)||$1.881.387|
|Last updated||2019-09-12 21:40:43 +01:00 BST|
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