CSIMarket


Chainlink

LINK-USD

Chainlink (LINK-USD) is a decentralized oracle network and cryptocurrency that aims to link smart contracts to real-world data and events outside of the blockchain ecosystem.

The Chainlink network is powered by a decentralized network of nodes that provide off-chain data and processing power that is necessary for smart contracts to execute. Smart contracts function within a closed system, which means that they can only make decisions based on the information that is stored within the blockchain. This is where Chainlink comes in. The LINK cryptocurrency allows Chainlink to connect smart contracts with external data sources, such as APIs and data feeds, and processes that data to generate accurate and reliable information.

This is different from traditional centralized oracles, which rely on a single point of failure and can be susceptible to manipulation. Chainlink's decentralized oracle network uses multiple nodes to source data, ensuring that the information is secure, trustworthy, and tamper-proof.

Chainlink is based on the Ethereum blockchain, and its native cryptocurrency is LINK. It is used to pay for services on the Chainlink network, such as the sourcing of data from external sources, node operators, and payment for decentralized applications (DApps) that use the network. As of November 2021, LINK has a market capitalization of over $35 billion and is one of the top 20 cryptocurrencies by market cap.

Chainlink has a number of use cases, including in the areas of finance, insurance, real estate, and supply chain management. For example, it can be used by a decentralized finance application to obtain real-time market data, or by an insurance company to trigger a payout based on external events such as weather patterns.

Chainlink has established various partnerships with major companies such as Google, Oracle, and SWIFT in an effort to further expand its reach and application. The project has received positive reviews due to its innovative approach to solving the issues of data accuracy and reliability within the smart contract ecosystem.

Overall, Chainlink is a promising cryptocurrency with a unique value proposition that allows smart contracts to function with real-world information, making it a crucial component of the broader blockchain ecosystem.

Chainlink Bitcoin Cardano Binance Coin
 Chainlink: 9.13022 0.1127 1.25%





 
 Today's Performance of Cryptocurrencies




 Best Performing Cryptocurrencies One Day
Bitcoin SVBSV-USD  3.69 %
Energy Web TokenEWT-USD  3.27 %
iExec RLCRLC-USD  2.96 %
QuantQNT-USD  2.61 %
COTICOTI-USD  2.34 %
AlgorandALGO-USD  2.21 %
Trust Wallet TokenTWT-USD  1.65 %
Band ProtocolBAND-USD  1.53 %
Travala.comAVA-USD  1.02 %
OrchidOXT-USD  0.67 %
DecredDCR-USD  0.52 %
TrueUSDTUSD-USD  0.08 %
TetherUSDT-USD  0.01 %
USD CoinUSDC-USD  0.01 %
AnkrANKR-USD 0.00 %
Bitcoin DiamondBCD-USD 0.00 %
ConstellationDAG-USD 0.00 %
DeFiChainDFI-USD 0.00 %
ElectroneumETN-USD 0.00 %
FUNTokenFUN-USD 0.00 %
 PREV. Page: 1 NEXT 


 Worst Performing Cryptocurrencies One Day
HEXHEX-USD -14.29 %
NKNNKN-USD -13.79 %
OntologyONT-USD -12.68 %
HorizenZEN-USD -8.62 %
KadenaKDA-USD -7.86 %
Nervos NetworkCKB-USD -6.67 %
LoopringLRC-USD -6.67 %
Basic Attention TokenBAT-USD -6.47 %
SerumSRM-USD -6.45 %
DashDASH-USD -6.20 %
UMAUMA-USD -6.01 %
ChilizCHZ-USD -6.00 %
CelsiusCEL-USD -5.94 %
Curve DAO TokenCRV-USD -5.88 %
QtumQTUM-USD -5.84 %
Kyber Network Crystal v2KNC-USD -5.74 %
Pirate ChainARRR-USD -5.58 %
The SandboxSAND-USD -5.43 %
RavencoinRVN-USD -5.08 %
Kava.ioKAVA-USD -5.02 %
 PREV. Page: 1 NEXT 





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Cloud Computing & Data Analytics Industry

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Net Income TTM P/E
$ -184.339 mill. -



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