Chainlink (LINK)
10.34%
$ 18.95
$ 1.96
⇣ 16.76
13 Oct
⇡ 19.29
What is Chainlink (LINK)?
The financial technology company located in San Francisco, SmartContract, launched Chainlink, abbreviated as LINK, an Ethereum blockchain ERC-20 based Chainlink in June 2017.
It is described by its developers as a secure blockchain middleware aiming to provide a connection between smart contracts and off-chain resources such as data feeds, web APIs, and traditional bank account payments.
Despite smart contracts being able to significantly alter many industries by replacing the need for traditional legal agreements, Chainlink (LINK) developers believe that the core consensus protocols related to blockchain technology do not allow for effective communication with other traditional systems. Therefore, they aim to serve as a bridge between blockchain and off-chain systems.
The Chainlink ecosystem is shaped around the LINK token and the LINK network. With the launch of APIs and other platforms, developers aim to increase the applicability and availability of smart contracts in the business world.
The Chainlink network will enable individuals who own a data feed or another API to offer their services directly to smart contracts in exchange for Chainlink tokens. Such individuals integrate their API-based services directly to a smart contract and blockchain system in exchange for LINK tokens.
It is described by its developers as a secure blockchain middleware aiming to provide a connection between smart contracts and off-chain resources such as data feeds, web APIs, and traditional bank account payments.
Despite smart contracts being able to significantly alter many industries by replacing the need for traditional legal agreements, Chainlink (LINK) developers believe that the core consensus protocols related to blockchain technology do not allow for effective communication with other traditional systems. Therefore, they aim to serve as a bridge between blockchain and off-chain systems.
The Chainlink ecosystem is shaped around the LINK token and the LINK network. With the launch of APIs and other platforms, developers aim to increase the applicability and availability of smart contracts in the business world.
The Chainlink network will enable individuals who own a data feed or another API to offer their services directly to smart contracts in exchange for Chainlink tokens. Such individuals integrate their API-based services directly to a smart contract and blockchain system in exchange for LINK tokens.
What is the Advantage of Chainlink (LINK)?
The Chainlink system enables off-chain systems to be integrated into blockchain systems via smart contracts. The integration of API-based services into blockchain systems offers several advantages for API-based companies in terms of transaction security, reducing third-party intervention, and increasing availability.
With the evolution of blockchain technology, adapting many companies and services to blockchain systems or establishing their blockchain systems can be a challenging process. The Chainlink system facilitates the adaptation of these off-chain systems to blockchain systems through smart contracts.
With the evolution of blockchain technology, adapting many companies and services to blockchain systems or establishing their blockchain systems can be a challenging process. The Chainlink system facilitates the adaptation of these off-chain systems to blockchain systems through smart contracts.
How is Chainlink (LINK) Mining Done?
Chainlink is a type of cryptocurrency that does not involve mining. All Chainlink quantities are produced by the company. A total of 1,000,000,000 (1 billion) Chainlink (LINK) will be produced. The current number of Chainlink (LINK) in the market is 350,000,000.
How to Buy Chainlink (LINK)?
In Turkey, buying LINK with Turkish Lira is much easier and faster than expected. You can buy LINK without any technical knowledge.
Chainlink (LINK)
10.34%
$ 18.95
$ 1.96
⇣ 16.76
13 Oct
⇡ 19.29
