Chainlink
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Justin Sun paid $6M for a banana taped to a wall and now plans to eat itCointelegraph.com News – 29 minutes agoThe artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated…
- Coinbase scammer claims earning 5 figures a week targeting crypto CEOsCointelegraph.com News – 46 minutes ago“We’re hitting CEOs, CFOs, software engineers,” the brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.” Crypto phishing scammers are apparently earning…
- DeFi, gaming will be ‘most positively affected’ by Trump: Sky MavisCointelegraph.com News – 54 minutes agoJeffrey Zirlin says the election of Donald Trump will take regulatory pressure off the “token design” and allow for radical new kinds of innovation. Blockchain…
- US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’Cointelegraph.com News – 2 hours agoThe US has laid charges against a group accused of a hacking spree, with one alleged victim being robbed of over $6.3 million worth of…
- Nvidia sees bright future in agentic AI amid record Q3 revenueCointelegraph.com News – 3 hours agoThe world’s most valuable company is focusing on AI systems or agents designed to exhibit autonomous decision-making. Nvidia CEO Jensen Huang says his firm will…
What is Chainlink?
ChainLink is a decentralized oracle (software built on top of a blockchain), which provides external data to Ethereum smart contracts. ChainLink is an open source project, started at September 2017 by a company SmartContract. This company was already creating secure oracles for Bitcoin and Ethereum for over 3 years, but in 2017 decided to move towards their own middleware ChainLink. At the moment ChainLink is maintained by 3 developers.
The main purpose for creating ChainLink was to provide nnectivity between blockchains and external software such as bank payments, retail payments (Visa, Paypal), market data (NYSE, Bloomberg) and backend systems (SalesForce, SAP). This allows to integrate blockchain with off-chain sales and local payments, to turn them into smart contracts in exchange for LINK tockens. LINK token is an EIP20 Ethereum token with some additional functions. ICO for LINK tokens was completed on September 2017 raising total of $32.00 M.
Currently ChainLink only works with Ropsten, a test Ethereum network.
