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Chainlink LINK

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Description

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.

2. Price

$LINK / USD

2.1. Market Performance

How does Chainlink's (LINK) performance compare to assets of a similar market capitalization?

30 Day Return

-2.0%

LINK

28.5%

Similar Market Cap

60 Day Return

25.7%

LINK

151.4%

Similar Market Cap

1 Year Return

127.3%

LINK

549.7%

Similar Market Cap

3. Developer Activity

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

Past week 174
Past 12 weeks 641
Past year 2629
Past week 1
Past 12 weeks 36
Past year 769
Past week 0
Past 12 weeks 0
Past year 398
Past week 0
Past 12 weeks 0
Past year 310
Past week 12
Past 12 weeks 69
Past year 296
Past week 8
Past 12 weeks 33
Past year 222
4. Social Activity
Reddit Subscribers 66,961
Active Reddit Users (past 24h) 67
Telegram Users 38,964
Twitter followers 494,672
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://chain.link/
Explorer https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca
Twitter @chainlink
reddit /r/Chainlink
Whitepaper https://link.smartcontract.com/whitepaper
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