Chainlink
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- AI agent payment volumes lower than reported, but adoption is growing: a16zCointelegraph.com News – 4 hours agoAndreessen Horowitz partner Noah Levine says AI agents made $1.6 million in payments in the past month, which “is not a big number, but the…
- Kalshi preemptively sues Iowa, claiming risk of enforcement actionCointelegraph.com News – 4 hours agoKalshi claims in a preemptive lawsuit that there is “a substantial risk” that Iowa will take action against it after a meeting it had with…
- Stablecoin yields will bring fresh money to US banks: White House's WittCointelegraph.com News – 5 hours agoGlobal demand for the US dollar is “massive,” and stablecoin yields will only bring more interest to the currency, argued the White House crypto chief.Stablecoin…
- BoE open to scrapping stablecoin limit idea after backlashCointelegraph.com News – 5 hours agoIndustry groups have criticized the UK’s proposed stablecoin holding limits, arguing they would signal that the UK is hostile to crypto and stifle innovation.Bank of…
- Crypto ATM losses surge 33% in 2025 as AI superpowers scams: CertiKCointelegraph.com News – 5 hours agoCrypto ATMs or kiosks are the “lowest-friction extraction channel available to scammers,” said cybersecurity firm CertiK.Crypto ATM fraud surged to $333 million in the US…
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.