What is ChainLink?
The ChainLink project looks to solve a recurring problem with smart contract platforms - real-world data interoperability. For many existing smart contract platforms, coding that depends on an influx of external data is an obstacle. ChainLink’s blockchain is designed to bridge this gap. The LINK network is a decentralized oracle network, an intermediary between blockchain systems and off-chain data (bank payments, weather reports, sports results, API's, backend systems, market data etc.) and other blockchains. Anyone who can provide the network with a reliable source of data can become a ChainLink node operator and get paid in LINK tokens for their data feeds. Specific consensus mechanism allows ChainLink to achieve this. Consensus between nodes is achieved off-chain by using the Threshold Schnorr signature scheme. This method rewards only the nodes that provide true and original data. The ChainLink team lists noteworthy partnerships such as SWIFT, Gartner and several others.
ChainLink active markets
|Market Ticker||Traded Against||Traded On||Average Price||24h Volume|
|LINK/USDT||Tether||Huobi Global, OKEx||2.70 USDT||$3,279,749|
|LINK/BTC||Bitcoin||Bitrue, Huobi Global, OKEx, Mercatox||0.00025079 BTC||$1,287,202|
|LINK/ETH||Ethereum||Huobi Global, Mercatox, OKEx, Bitrue||0.01210416 ETH||$153,143|
ChainLink inactive markets
|Market Ticker||Traded On||Last Trade|
|Circulating / Total Supply||350,000,000 LINK
|Source Code||Code Repository|
0.00 grams GOLD
4.82 grams SILVER
18,585.72 kg gold
1,703,869.13 kg silver
ATH Daily Volume