Chainlink is a decentralized oracle network that connects blockchains with off-chain data, enabling smart contracts to securely access real-world data, events, and payments. This technology facilitates the integration of blockchain functionality with external data, offering reliable and versatile solutions for various applications.
Chainlink operates as a decentralized oracle network that links smart contracts with external data sources. It functions on multiple blockchains, primarily using Ethereum. Chainlink employs a reputation-based consensus mechanism, incentivizing node operators to deliver accurate data through a reputation system and token incentives. Key algorithms include:
By integrating these components, Chainlink ensures secure and reliable delivery of external data to blockchain-based smart contracts.
Chainlink has numerous potential use cases across diverse industries, including:
Chainlink was founded in September 2017 by Sergey Nazarov, Steve Ellis, and Ari Juels. The project set out to solve the "oracle problem" in smart contracts by establishing a decentralized oracle network. Key milestones include:
Chainlink has collaborated with major institutions like Swift, ANZ, and BNP Paribas, continuously evolving its technology and expanding its ecosystem.
The Chainlink price is $35.47 AUD, representing a -9.11% from the day prior.
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The trading volume of Chainlink (LINK) is $2.6B AUD in the last 24hrs, representing a -9.11% from the day prior.
Chainlink (LINK) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Chainlink (LINK) is $22.2B AUD.
Yes - With Coinstash you can convert your Chainlink (LINK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Chainlink (LINK) is 631.1M.
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