| 24 hours | 7 days | 14 days | 30 days | 1 year |
|---|---|---|---|---|
| 1.23959% | 0% | 0% | 0% | 0% |
Price statistics LINK
How much is Chainlink (price link) now?
The current 2023.03.24 08:31 value of Chainlink (link) against USD is 7.46.
Where can I buy or trade Chainlink (link)?
Use our selection of exchangers or buy on the best crypto exchanges for the best conditions and rates.
How much was Chainlink worth at the peak of the market?
Chainlink was worth the maximum :price :date
What was the minimum cost of Chainlink?
The minimum cost of Chainlink was :price :date
Chainlink price today is $7.46 with a daily trading volume of 327373830. We update our Chainlink price to USD in real time. Chainlink has changed to 1.23959% in the last 24 hours. The current CoinLiq rating is #21 with a market cap of $3668943154.
What Is Chainlink?
Chainlink is an Ethereum token that allows smart contracts to securely connect to off-chain data sources, APIs, and payments. Chainlink is like a bridge between the Ethereum blockchain and the outside world. The Chainlink network is powered by LINK, a cryptocurrency. LINK tokens are used to pay node operators for providing data and other services to smart contracts on the network. Chainlink is one of the most popular Ethereum tokens and is often used in DeFi (decentralized finance) applications.
Read moreThe LINK Token
The LINK Token is the native cryptocurrency of the Chainlink network. It is used to pay node operators for providing data and services to Ethereum smart contracts. LINK is also used to incentivize node operators to maintain the network and keep it secure.
How Does Chainlink Work?
Chainlink, dApp developers first need to create a smart contract that defines the data requirements of their dApp. They then need to connect their smart contract to a Chainlink node. Once the smart contract is connected to a Chainlink node, the node can fetch the required data from off-chain data sources and feed it into the smart contract.
Chainlink is a decentralized oracle network that provides reliable, tamper-proof data and inputs to smart contracts on the Ethereum blockchain.
Chainlink was created by Sergey Nazarov and Steve Ellis in 2014 in order to provide a way for smart contracts on the Ethereum blockchain to access data from off-chain sources. The Chainlink network consists of nodes that are operated by decentralized node operators. These nodes fetch data from off-chain data sources and feed it into smart contracts on the Ethereum blockchain. The data is then used to execute the terms of the smart contract.
Chainlink is used by a growing number of decentralized applications (dApps) that require data from off-chain sources. Some popular examples include Augur, a decentralized prediction market, and CryptoKitties, a decentralized digital collectibles game. In order to use Chainlink, dApp developers first need to
The Benefits of Chainlink
Chainlink is a cryptocurrency created to provide a decentralized way to connect blockchains with real-world data. The network consists of nodes operated by decentralized oracles which provide the data needed to trigger smart contracts. The network is secure and tamper-proof, able to provide reliable and accurate data. The benefits of using Chainlink include the fact that it is highly secure, decentralized, and able to provide accurate data.
The Challenges of Chainlink
What is Chainlink? Chainlink is a decentralized oracle network that provides reliable, tamper-proof data sources for smart contracts on any blockchain. Its key feature is its use of so-called "oracles" to fetch data from off-chain sources and provide it to smart contracts. Why is this important? Because smart contracts on blockchains can only interact with data that is already on that blockchain. They can't reach out to external data sources on their own. This is where Chainlink comes in. By using oracles, Chainlink allows smart contracts to access data from external sources, such as real-world data, prices, weather, etc. What are the challenges of Chainlink? The main challenge facing Chainlink is scalability. The more data sources and contracts Chainlink has to manage, the more difficult it becomes to scale. Additionally, the Chainlink network is still in its early stages and has yet to be fully tested in a production environment. Despite these challenges, Chainlink has the potential to revolutionize the way smart contracts interact with data, and is thus a project worth watching closely.