Chainlink is a decentralized Oracle Network which enables secure integration of real-world data into blockchain smart contracts. More
Fully Diluted Valuation | $24.78B |
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24H Trading Volume | $1.92B |
24H Low / High | $24.70 / $ 26.28 |
Circulating Supply | 678.10 M |
Total Supply | 1.00 B |
Max Supply | 1.00 B |
Categories |
Business Services
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Founder | Sergey Nazarov |
Website | chain.link |
Socials | 5 more |
Chains |
Ethereum Ecosystem
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Explorer | Chain 9 more |
Contracts |
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Chainlink, as an oracle solution, is the backbone of decentralized finance DeFi. Chainlink creates Decentralized Oracle Networks (DONs) to integrate real-world data into blockchain networks, enabling the creation of hybrid smart contracts. These DONs offer decentralized services such as Price Feeds, Reserve Proofs, Verifiable Randomness, Watchtowers, and connectivity to various web APIs. Chainlink's primary aim is to ensure that off-chain data (like prices or weather) and off-chain computations (like randomness or automated processes) are reliably accessible to on-chain smart contracts, and resistant to manipulation. The necessary reliable data and computations vital for the accurate and timely functioning of these smart contracts are facilitated by Chainlink's DONs.
Chainlink, established in 2017, serves as an Oracle network that integrates smart contracts across diverse blockchains, protocols, and the Web3 domain. Supported by a broad open-source community comprising data providers, node operators, developers, auditors, and researchers, this network focuses on securing and ensuring the resilience of Chainlink while providing opportunities for participation and contributions to all users and node operators.
Chainlink plays a critical role in ensuring data security and real-time transactions by bridging blockchain smart contracts with external data sources. Its features encompass high transaction speeds, scalability (e.g., processing thousands of transactions per second), reliability, and decentralization. By supporting smart contracts in various industries like DeFi, insurance, gaming, Chainlink safeguards transactions worth billions and offers a trustworthy gateway to all blockchains for global enterprises and major data providers.
Chainlink's uniqueness lies in its creation of Decentralized Oracle Networks (DONs), enabling hybrid smart contracts by securely integrating off-chain data and computations into blockchain networks, thus ensuring resistance to manipulation and reliability.
Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017.
Chainlink has garnered support from various backers and investors, including notable names like Framework Ventures, Sequoia Capital, and Accomplice, among others.
Chainlink doesn't have its native blockchain or consensus mechanism; instead, it operates as an oracle network facilitating data verification and transmission between blockchains, focusing on decentralization and reliability rather than a specific consensus algorithm.
You can buy Chainlink (LINK) on Binance, OKXBitgetGate.ioBybit cryptocurrency exchanges.
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