Chainlink is the industry-standard decentralized oracle network that solves the "oracle problem" by connecting smart contracts with real-world data. Blockchains cannot access external information on their own, so Chainlink acts as a secure bridge, enabling smart contracts to react to real-world events using verified, tamper-proof data. It is widely considered one of the first decentralized oracle networks and is the market leader in bringing off-chain data on-chain.
The platform operates through a decentralized network of nodes that fetch, validate, and deliver data to smart contracts. When a contract requests information like a stock price, a committee of independent nodes retrieves and aggregates the data to reach consensus, then delivers a single trustworthy answer. Chainlink offers a suite of services including Data Feeds for asset prices, CCIP for cross-chain token transfers and messaging, Automation for triggering smart contract functions, and Proof of Reserve for verifying asset collateralization.
Chainlink has established itself as critical infrastructure for both DeFi and institutional adoption, with partnerships including Swift, Euroclear, Mastercard, UBS, ANZ, Fidelity International, and J.P. Morgan. Its institutional products include the Chainlink Runtime Environment for tokenized asset workflows, Confidential Compute for privacy-preserving computation, and the Automated Compliance Engine for embedding regulatory rules into smart contracts.
The LINK token is the native asset used to pay node operators for services, fund subscription accounts, and incentivize network security through staking. Node operators stake LINK as collateral, which can be slashed if they provide inaccurate data. Chainlink was co-founded in 2017 by Sergey Nazarov and Steve Ellis, who co-authored the white paper with Ari Juels, and raised $32 million in its September 2017 ICO.
Where is Chainlink available for purchase?
You can exchange LINK tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Chainlink is HTX, notably the LINK/USDT pair, which saw a trading volume of $ 90,73 MLN. in the past day. Additionally, Binance and KuCoin are popular alternatives for trading tokens.
What is the highest value Chainlink (LINK) has ever reached?
Chainlink (LINK) reached its peak price at 52.7 $ on 10 May 2021, approximately 5 years ago ago. Presently, the current price is -72.82% lower than this all-time high.
What is the historical minimum price for Chainlink (LINK)?
The minimum price reached for Chainlink (LINK) was 0.1481 $, documented on 29 November 2017, more than 8 years ago. In comparison, the current price is 9,563.72%, it above this historical low.
What is the fully diluted valuation of Chainlink (LINK)?
The fully diluted valuation (FDV) of Chainlink (LINK) stands at $ 14,56 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 LINK tokens. The realization of this FDV might take several years depending on the emission schedule of LINK tokens.
How to add Chainlink (LINK) to MetaMask?
By integrating Chainlink (LINK) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import LINK as a token. You can either manually import LINK by copying its contract address (0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd) or use MetaMask's Chrome extension to add LINK with a single click through P.CASH.
How to add Chainlink (LINK) to TrustWallet?
Incorporating Chainlink (LINK) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include LINK, you can either manually import it using the contract address (0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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