ChainlinkWhat 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.
More Info
- Charts
- Historical Data
- Markets
- News
- Comments
- Zoom
- Type
| Date | Open | Close | High | Low | Volume |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Professional traders need a global crypto sea, not hundreds of lakesCointelegraph.com News – 5 hours agoThe cryptocurrency trading market is in its early stages, with regulations playing a key role in market fragmentation. Coinbase’s IPO announcement has been hailed as…
- Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocolCointelegraph.com News – 12 hours agoOne of DeFi’s strangest experiments continues to push the envelope in both governance and architecture. Shortly after culling its community of inactive members, one of…
- 3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallyingCointelegraph.com News – 13 hours agoStrong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. As new institutional and retail investors enter the…
- Bitcoin plunges, Ethereum suffers, Musk loses billions: Hodler’s Digest, Feb. 21–27Cointelegraph.com News – 15 hours agoComing every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and…
- This bullish Bitcoin options strategy lets traders speculate on BTC price with less riskCointelegraph.com News – 16 hours agoHate being liquidated? Here’s how traders use the Long Butterfly options strategy to generate profits with less downside risk. Historical data shows that it is…