Chainlink current price is €19.138 with a marketcap of €8.48 B. Its price is -0.54% down in the last 24 hours.
- Chainlink (LINK)
- Live Price €19.138
- Market Cap €8.48 B
- Volume €979.02 M
- Available Supply 443.01 M LINK
- Rank 14
Technical analysis, backgrounds and info on this crypto coin
ChainLink is a decentralized oracle service, the first of its kind. When Ethereum went live in 2015, it revolutionized what blockchain could bring to enterprise solutions and traditional business. Blockchain was no longer just a medium for new-age financial transactions, confined to Bitcoin’s potential to disrupt traditional currency exchange. With Ethereum powered smart contracts, Vitalik Buterin opened up a Pandora’s Box of use cases for blockchain technology. Problem is, per their design, smart contracts can only manage data on the blockchain.
Current Chainlink (LINK) price
Please see below the Chainlink price chart as provided by our home broker.
Onchain Metrics Chainlink (LINK)
If you want to perform a technical analysis of Chainlink and decide whLINKer it is the right time to trade or invest, please check the onchain metrics as provided by our partners of IntotheBlock.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore we provide you with the price chart and historical data for Chainlink (LINK) at the bottom of this page. Before we get there we provide you with the upcoming agenda as well as some backgrounds and info on Chainlink.
The Chainlink agenda
In order to provide you with an accurate overview of coming Chainlink agenda items and events, you'll find our Chainlink agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Chainlink?
ChainLink’s first component consists of on-chain contracts deployed on Ethereum’s blockchain. These oracle contracts process the data requests of users looking to take advantage of the network’s oracle services. If a user or entity wants access to off-chain data, they submit a user contract (or requesting contract) to ChainLink’s network, and the blockchain processes these requests into their own contracts. These contracts are responsible for matching the requesting contract up with the appropriate oracles. The contracts include a reputation contract, an order-matching contract, and an aggregating contract. The first of these, the reputation contract, is exactly as it sounds: it checks an oracle provider’s track record to verify its integrity.
Who created Chainlink?
Chainlink is a decentralized oracle network built on the Ethereum network, founded by CEO Sergey Nazarov.
The Chainlink network has made a name for itself by providing reliable tamper-proof data for complex smart contracts on any blockchain..
What is the purpose of Chainlink (LINK)?
There has been a steady stream of Chainlink integrations this year, including partnerships with the biggest names in DeFi, as well as integrations with Microsoft and IBM.
Chainlink is changing the financial landscape by reimagining how financial contracts work, with a decentralized oracle network pushing towards the fourth industrial revolution.
Chainlink (LINK) nowadays
In 2014, SmartContract.com was founded as a way to bring external data onto the blockchain. From this, Chainlink was born, enabling smart contracts to connect to data feeds from any data source or API. This was a game-changer for the blockchain industry.
The first iteration of Smartcontract.com’s oracle solution was reliant upon centralized oracles, posing a hurdle for the development of the decentralized finance space. This issue was addressed in September 2017 with the introduction of the Chainlink network of decentralized oracles.
After raising $32 million in an ICO, the Chainlink mainnet went live in June 2019. The Chainlink project has become a pillar in the oracle space, and a must-have for all credible DeFi projects.
The future of Chainlink (LINK)
Chainlink (LINK) is developing into a further professionalization in order to maintain sizable. This project is called Chainlink 2.0. During the process authorization of a transaction on the Blockchain will be changed from 'Proof of Work' into 'Proof of Stake'. If you want to learn more about Chainlink 2.0 you can find information here .
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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