What is a Chainlink (LINK)? - Kakiforex.com - Financial Market Media No. 1 in the World What is a Chainlink (LINK)? What is a Chainlink (LINK)?
InstaForex

April 26, 2021

What is a Chainlink (LINK)?

 After the announcement of Chainlink 2.0 last week, its native token price, LINK performed well amid cryptocurrency market price volatility.


Chainlink between well -known cryptocurrencies in addition to Bitcoin (BTC), Ethereum (ETH) and XRP. Despite the lack of response, Chainlink has a community that is always very supportive.


It was developed as a decentralized blockchain network that bridges the gap between oracles that transmit real -world data and the smart contracts that exist in the blockchain.


Chainlink is capable of generating multiple sub-contracts and at the same time obtaining information from trusted nodes and oracles for premium accuracy.


Launched in 2017 by Sergey Nazarov, the mainnet Chainlink will air on Ethereum on June 1, 2019.


LINK, like other crypto tokens, is created to pay for services on the network. It is developed according to the ERC-20 token standard.



LINK supplies are limited to 1 billion and as of this article written 42% of them are in cyclical supply.


Here are some Chainlink related projects:


February 2020: Polkadot integrates with Chainlink in the Substrate network

April 2020: Tezos incorporates Chainlink into its protocol for price feeds to Tezos developers

August 2020: Chainlink integrates with one of Bitcoin's sidechains, RSK

In general, Chainlink is a network that features open systems. Anyone can join this network, provide information to the network or complete Chainlink ‘tasks’ by assisting the operation of associated nodes and oracles.


Realizing its background, Chainlink is a unique platform as it combines two key elements.


Are you one of the LINK hodlers?