ChainLink is an interoperability-focused design that has been quietly working on solving the connectivity problem that is present in the current blockchain ecosystem.
What is ChainLink (LINK)?
ChainLink is a one-of-its-kind blockchain technology that acts as a middleman between blockchain applications and the real world off-chain API’s. Their inception was due to the limitations when dealing with data that is outside the blockchain. As such it acts as a bridge between on-chain and off-chain ecosystems.
ChainLink (LINK): History
Sergey Nazarov is the Co-founder and CEO. ChainLink has a strong crew of advisors, including Ari Juels, Professor of Computer Science at Cornell Tech and Director of IC3, Andrew Miller, Associate Professor of Computer Science at the University of Illinois and an advisor to Zcash and Tezos, and Hudson Jameson, one of the critical members of the Ethereum Foundation. Launched by the San Francisco fintech company SmartContract in June 2017. The Chainlink ecosystem revolves around the LINK token and the LINK network. Through the release of APIs and other platforms, the developers plan to enhance the applicability and usability of smart contracts across the business world.
How Does ChainLink (LINK) Work?
For fulfilling the promise of being a bridge between on and offline ecosystems, it is comprised of two components; there is both on-chain and off-chain infrastructures. The on-chain functions are made on Ethereum and require the user to submit a requesting contract which then goes through a three-step process before getting approved. The off chain infrastructure is the one tasked with collecting data from off-chain sources and processing it through the networks core software before handing it over to the user.
How To Buy ChainLink (LINK)?
Buying ChainLink is a two-step process. First, head up to Coinbase and purchase Bitcoin or Etherium which receives debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Binance/ Gate.io/ Coss. The best place to keep your coins is in MyEther Waller/ Ledger wallet/ Trezor.
ChainLink (LINK) Price Prediction 2018
LINK can be a profitable investment option. ChainLink price equal to 0.281 USD at 2018-04-03. If you buy ChainLink for 100 dollars today, you will get a total of 355.246 LINK. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-24 is 5.135 US Dollars. With a 5-year investment, the revenue is expected to be around +1724.3%. Your current $100 investment may be up to $1824.3 in 2022. LINK price today is $0.281 and Market Cap value is $98,878,500. The volume is marked as $7,997,730 and current supply is 350,000,000 LINK.