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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- Wintermute boss denies plans to sue Binance over the Oct. 10 crashCointelegraph.com News – 9 minutes agoMarket maker Wintermute has shot down rumors suggesting it plans to sue Binance in relation to a flash crash last month, when Bitcoin fell 15.2%…
- Crypto czar David Sacks argues AI threat is Orwellian, not TerminatorCointelegraph.com News – 17 minutes agoDavid Sacks warns that the real threat AI poses is when it is used for government surveillance and information control. US crypto and AI czar…
- Ripple buys Palisade as it tips corporations to drive crypto adoptionCointelegraph.com News – 1 hour agoRipple has added to its recent run of acquisitions, buying the crypto wallet and custody firm Palisade in a bid to boost its offerings to…
- Cipher Mining rockets 34% after $5.5B data center deal with AmazonCointelegraph.com News – 2 hours agoFellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday. Bitcoin mining company Cipher Mining surged more…
- Crypto whale who nailed the October crash opens $55M BTC and ETH longsCointelegraph.com News – 3 hours agoHyperUnit, the whale that made $200 million from the US-China tariff crash last month, is now betting on a rebound in Bitcoin and Ether, opening…
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.
