ChainLink's price today is $7.30 USD, with a 24-hour trading volume of $222,718,056 USD. LINK
is up 0.82% in the last 24 hours. ChainLink is currently ranked #23 with a
market capitalization of $3,585,852,106 USD.
What is ChainLink?
ChainLink is a platform that wants to create a link between smart contracts and beneficial off chain resources or third parties like bank accounts or even data feeds.
With the current blockchain setup and the inherent characteristics of a smart contract, smart contracts cannot effectively link and communicate with important external systems because for one, information is hard coded on the contract itself and secondly, the consensus protocol used by miners is prohibitive.
ChainLink plans to resolves this by using a secure and fully decentralized “oracle”network to facilitate communication between these smart contracts and these external and important resources.
The oracle simply identifies, filters and verifies trustworthy data that might be needed for the self-execution of the smart contract from reliable data providers called Node Operators. In exchange, trustworthy data providers will be rewarded with ERC20 complaint LINK tokens.
Founders: Sergey Nazarov of SmartContract Release Date: June, 2017
What type of cryptocurrency is ChainLink?
The LINK token on the ChainLink network is classified as a type of Currency.
What is ChainLink All-Time High price (ATH)?
On May 10th, 2021 12:13:57 AM, ChainLink hit a historic high of $52.70 USD.
It has been about 1 year ago since ChainLink reached its peak.
What is ChainLink All-Time Low price (ATL)?
On November 29th, 2017 12:00:00 AM, ChainLink reached a bottoming price of $0.1481830000 USD.
About 5 years ago has passed ChainLink has seen such a low price.
Why do these Crypto companies need to take so much money from investors. I just don't get it. People put their trust in these teams and then get screwed over by the same people they trusted. In the stock market no upstanding company would intensionally send their stocks plummeting down 50%. You can take some but not like this... Happy I didn't invest in ChainLink. #crypto#dump#selloffwww.trustnodes.com/...-dump