What is Chainlink?
Chainlink is a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. Chainlink refers to itself as a decentralized oracle network, with the oracle being a broad-based group of intermediaries that connect blockchains with off-chain information systems. Chainlink is a protocol that integrates real-world data into smart contracts and vice versa.
Chainlink goals
The purpose of Chainlink is to expand the functionality and reliability of blockchain smart contracts by providing them with real-world data and off-chain computations. Chainlink aims to continue to grow by expanding its support for blockchain environments and facilitating new use cases for hybrid smart contracts. Chainlink has various use cases across multiple industries, including decentralized finance (DeFi), non-fungible tokens (NFTs), and cryptocurrency exchanges.
Chainlink fondamentals
The native cryptocurrency on the Chainlink network is LINK. The Chainlink tokenomics structure powers the architecture and includes transaction fees, payments, and rewards. On Chainlink, staking is available.
Marketcap
$15.21B
Total number of Chainlink
1000000000 LINK
Chainlink technology
Chainlink's decentralized oracle network is an open-source technology infrastructure that allows any blockchain to securely connect to off-chain data and computation resources. Chainlink uses zero-knowledge proofs to allow users to prove information is true to a blockchain oracle without revealing sensitive information. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.
Chainlink competitors
Chainlink differentiates itself from competitors by providing a decentralized oracle network that connects blockchains with off-chain information systems. Chainlink's competitive advantages include its ability to provide real-world data and off-chain computations to smart contracts, as well as its support for hybrid smart contracts. Chainlink's technology is designed to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.
Chainlink price history
Frequently asked questions
The native cryptocurrency on the Chainlink network is LINK.
The purpose of Chainlink is to expand the functionality and reliability of blockchain smart contracts by providing them with real-world data and off-chain computations.
Chainlink's decentralized oracle network is an open-source technology infrastructure that allows any blockchain to securely connect to off-chain data and computation resources.
Chainlink has various use cases across multiple industries, including decentralized finance (DeFi), non-fungible tokens (NFTs), and cryptocurrency exchanges.
The Chainlink tokenomics structure powers the architecture and includes transaction fees, payments, and rewards.
Chainlink uses zero-knowledge proofs to allow users to prove information is true to a blockchain oracle without revealing sensitive information.
Chainlink's competitive advantages include its ability to provide real-world data and off-chain computations to smart contracts, as well as its support for hybrid smart contracts.
The market cap of Chainlink is $15205858414
The price of Chainlink is $24.27
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