BUY / EXCHANGE instantly
Max Supply Algorithm Proof Type Start Date Twitter Website
-1 2017-09-16 Array Chainlink
DifficultyAdj. BlockRR. BlockNo. Network H/s Current Supply Block Reward
0 0 1000000000 0
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What is Chainlink (LINK)?

Chainlink is a decentralized oracle network that connects real-world data to smart contracts on the Ethereum blockchain, making it possible to create secure and reliable decentralized applications (DApps). LINK is the native cryptocurrency token of the Chainlink network, used to pay for services within the ecosystem.

How Does Chainlink Function, and What Are the Use Cases of LINK?

Chainlink's primary function is to allow developers to connect their smart contracts to robust, tamper-resistant data sources known as oracles. These oracles provide the necessary data for the smart contracts to operate effectively. The LINK token is used within the Chainlink network to pay for these oracle services, incentivize reliable data provision, and reward node operators.

By ensuring a secure and dependable connection, Chainlink ensures that the data is consistently accurate and current. This allows for a wide range of applications, including financial services, supply chain management, and various other use cases within a decentralized framework.

Who Created Chainlink?

Chainlink was co-founded by Sergey Nazarov and Steve Ellis in 2017, with support from an initial seed investment from the Web3 Foundation. The LINK token was introduced as the native cryptocurrency of the Chainlink network, aligning the incentives of all participants in the ecosystem. The vision behind Chainlink was to advance the functionality and reliability of smart contracts by connecting them to real-world data, thereby broadening the scope and application of blockchain technology.

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