What is ChainLink(LINK)?
The LINK Network is the first decentralized oracle network which allowing anyone to securely provide smart contracts with access to key external data, off-chain payments, and any other API capabilities.
Sergey Nazarov is the Co-founder and CEO. ChainLink has a strong team of advisors, including Ari Juels, Professor of Computer Science at Cornell Tech and Director of IC3, Andrew Miller, Associate Professor of Computer Science at the University of Illinois and an advisor to Zcash and Tezos, and Hudson Jameson, one of the key members of the Ethereum Foundation. Launched by the San Francisco fintech company SmartContract in June 2017.
The Chainlink ecosystem revolves around the LINK token and the LINK network. Through the release of APIs and other platforms, the developers plan to enhance the applicability and usability of smart contracts across the business world.
How does ChainLink(LINK) work?
The Chainlink Network consists of two separate parts, on-chain and off-chain, which will have to interact in order to deliver the service.The on-chain component of the network filters oracles based on the metrics requested by a party to a smart contract through a services level agreement (SLA). The off-chain component of the network consists of Oracle nodes that are connected to the Ethereum network, which independently harvest responses to off-chain requests. The Chainlink system will ensure that the results received from oracles is accurate as well as allowing for oracles to remain independent in relation to the data that they are providing. Once the API is connected to a ChainLink, the user becomes a ChainLink Node Operator and is responsible for keeping that API connected to the ChainLink Network.
How to buy ChainLink(LINK)?
You are not able to purchase LINK with “Fiat” currency so you will need to first buy another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit/credit card purchase and then swap that for LINK at an exchange such as Binance. For first time buyers of cryptocurrency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin, and Ethereum with a credit or debit card or by sending a bank transfer.
ChainLink(LINK) price prediction 2018
LINK can be a profitable investment option. ChainLink price equal to 0.419 USD at 2018-02-05. If you buy ChainLink for 100 dollars today, you will get a total of 238.808 LINK. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-28 is 19.935 US Dollars. With a 5-year investment, the revenue is expected to be around +4660.69%. Your current $100 investment may be up to $4760.69 in 2022. Note: due to the specific nature of ChainLink, the estimate can be significantly excessive or unrealistic. LINK price today is $0.419465 and Market Cap value is $146,812,750. The volume is marked as $5,273,480 and current supply is 350,000,000 LINK. LINK price chart, LINK price today, LINK history, LINK exchanges, where to buy, LINK mining.