Welcome to CoinPriceIQ | Bitcoin Price & Cryptocurrency Info | October 30th 2020 07:41 UTC

   

ChainLink LINK Price USD, Live Chart, Coin Market Cap Info


ChainLink's (LINK) price today is $11.03 USD. ChainLink's current price is now -4.5% lower than yesterday. A total of $1,524,845,492.26 in ChainLink (LINK) was traded globally across all exchanges in the past 24 hours, which is 49% more than the previous 24 hours.


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Property Value
Price $11.03
Price Δ (24 hr) -4.5%
Symbol   LINK
Supply (Active) 389,509,556 LINK
Volume (24 hr) $1,524,845,492.26
Volume Δ (24 hr) 49%
Market Cap $4,297,202,193
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### What Is Chainlink?
Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens.
LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators. Since the Chainlink network has a reputation system, node providers that have a large amount of LINK can be rewarded with larger contracts, while a failure to deliver accurate information results in a deduction of tokens. Developers describe LINK as “an ERC20 token, with the additional ERC223 'transfer and call' functionality of transfer (address, uint256, bytes), allowing tokens to be received and processed by contracts within a single transaction.” Following the 2017 $32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to incentivize the ecosystem and 30 percent stayed within Chainlink for development (35 percent were sold in the public token sale).

### What Are Oracles?
Chainlink is a platform that aims to bridge the gap between blockchain technology-based smart contracts (made widespread by Ethereum), and real world applications. Since blockchains cannot access data outside their network, oracles (a defi instrument) are needed to function as data feeds in smart contracts. In Chainlink's case, the oracles are connected to the Ethereum network. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions. Participants on the Chainlink network are incentivized (through rewards) to provide smart contracts with access to external data feeds like API information. Should users desire access to off-chain data, they can submit a requesting contract to Chainlink’s network. These contracts will match the requesting contract with the appropriate oracles. The contracts include a reputation contract, an order-matching contract and an aggregating contract. The aggregating contract gathers data of the selected oracles to find the most accurate result.

### Where Can You Buy Chainlink?
You can buy Chainlink (LINK) on any exchange that supports the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our [market pairs tab](https://coinmarketcap.com/currencies/chainlink/markets/).

Looking for the ChainLink price today? This page lists the current / latest ChainLink price. Find out the ChainLink value and compare the past values using the interactive chart. Prices are updated in 10 minutes intervals. Track your ChainLink wallet and see the results of ChainLink mining. At CoinPriceIQ you can find the top 250 Cryptocurrency coins including Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Binance Coin, and more by Market Cap Pricelist.

CoinPriceIQ has the latest prices for the top cryptocurrency exchanges including; Coinbase, Kraken, OKEX, CoinsBit, Bilaxy and many more. We have listed both centralized exchanges & Decentralized exchanges. Choose your trusted exchange to Buy & sell ChainLink.


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