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Chainlink (LINK) Defi Coin Review

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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).

Compound Finance Facts

Defi Coin NameChainlink
Short Name LINK
Platform Decentralized Finance
Ethereum Contract0x514910771af9ca656af840dff83e8264ecf986ca
Chat Option Click Here To Visit Compound Chat
Official WebsiteClick Here To Visit

Highly secure and flexible infrastructure

Reliable, tamper-proof network

Use decentralization, trusted nodes, premium data, and cryptographic proofs to connect highly accurate and available data/APIs to any smart contract.

Seamless connection to any API

Build on a flexible framework that can retrieve data from any API, connect with your existing systems, and integrate with any blockchain, now and in the future.

Proven, time-tested solutions

Integrate battle-hardened and time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects.

Transparent oracle computation

Independently monitor and verify Chainlink’s open-source code, the performance of its oracle networks, and the quality of individual node operators.

Why Chainlink?

The industry standard oracle network

Chainlink greatly expands the capability of smart contracts by enabling access to real-world data, events, payments, and more without sacrificing the security and reliability guarantees inherent to blockchain technology.

Join Chainlink’s global open-source community

Chainlink is open-source technology that is collectively developed by a large community of developers, researchers, and users who share the goal of building Chainlink into a public good for the benefit of the entire blockchain ecosystem.

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.

Creating an economically fair world for everyone

Enabling a cryptographically enforced system of contracts will take both our daily lives and emerging markets into a new age of economic fairness, driven less by vague brand promises and more by the value that institutions and individuals actually provide.

Ecosystem momentum

Top-tier developers, academics, and entrepreneurs across the world are actively working to accelerate Chainlink adoption and expand the capabilities of smart contracts.

Globally recognized

Chainlink has been recognized by leading independent research firms, such as Gartner, and featured in many major publications such as MIT Technology Review, Forbes, and Coindesk.

Groundbreaking technology

The vision of Chainlink is to make the next generation of smart contracts come to life by allowing smart contracts on any blockchain to securely access any critical off-chain resource.

Industry-leading smart contract experts and developers

Chainlink is supported by world-class developers, academics, and business experts who are building next-generation data infrastructure for smart contracts.

Chainlink Finance Team

Ari Juels

Technical Advisor

Ari is a professor of computer science in the Jacobs Institute at Cornell Tech and a Co-director of IC3 (Initiative for Cryptocurrencies and Contracts)

Andrew Miller

Technical Advisor

Andrew is a well known leader in decentralized consensus research and secure blockchain infrastructure.

Evan Cheng

Technical Advisor

Evan is one of the creators of LLVM which generates the low level machine code running every Apple device, as well as much of Google, Nvidia, and Intel. 

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