- Market Cap
- $11.39B (#12)
- 455.01M / 1.00B
Chainlink was founded in 2017 and can be defined as a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data feeds alongside events and even payment methods. This provides off-chain information that is a requiremen...
Chainlink was founded in 2017 and can be defined as a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data feeds alongside events and even payment methods. This provides off-chain information that is a requirement by complex smart contracts in order for it to become a form of digital agreement.
This network is driven by a large, open-source community filled with data providers, node operators, smart contract developers, security auditors, and even researchers.
The LINK Token Explained
Chainlink is a decentralized oracle network that consists of purchasers as well as providers of data. Purchasers request data while providers return the data in a secure way.
Furthermore, purchasers can select the data that they want and providers bid to provide that data to them. Providers have to commit a stake of LINK tokens while making a bid, which will be taken away if they, for whatever reason, do not follow the rules. Once the providers are selected, they have a responsibility to bring the correct answers on-chain. The LINK token is an ERC677 token standard, and it is used for payment of data providers that bring as well as translate the data into the blockchain, which are paid by the purchaser.
Features of Chainlink
Chainlink specializes in the fact that it allows for the integration of off-chain data into smart contracts. Due to integration such as this one, Chainlink has managed to attract many data providers. It allows users to become node operators and earn revenue through running the data infrastructure which is required for the success of the blockchain. It uses a large collection of node operators, all of which power a wide range of decentralized Price Feed oracle networks.
Founders of Chainlink (LINK)
One of the co-founders of Chainlink is Sergey Nazarov, who fills the role of the CEO at Chainlink Labs. He started his career as a teacher at the NYU Stern School of Business, and in 2009 co-founded ExistLocal which was a peer-to-peer marketplace for local experiences. As we move along, in 2014 he also co-founded another project known as CryptaMail, which was a decentralized, blockchain-based email service.
He teamed up with Steve Ellis, and launched SmartContrat, which was a platform that brought smart contracts together by connecting them to external data so they can accept bank payments.
Discussing Steve Ellis, he originally worked as a software engineer at Pivotal Labs, and in 2014 co-founded Secure Asset Exchange, a company that facilitated easy web access to a decentralized exchange.
$LINK / USD
How does Chainlink's (LINK) performance compare to assets of a similar market capitalization?
30 Day Return
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60 Day Return
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1 Year Return
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We're monitoring 158 Chainlink Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.
Weekly Commits (All Chainlink Repos)
Commits vs. The Market
- Past 4 weeks: 475 commits vs. an average of 40
- Past 12 weeks: 1,320 commits vs. an average of 143
- Past year: 6,378 commits vs. an average of 979
Most Active Repos
|Active Reddit Users (past 24h)||67|
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