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Price has increased by 20.77% in the last 1 year.
Released 5 Years ago on Sep,19 2017.
Over 51.71% of the total supply is in circulation.
Has high liquidity with 0.06992 volume to market cap ratio. The current market cap is $3.51B while the 24-hour volume is $245.52M
LINK comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist.
LINK to NGN price today is ₦3,126.73, which is Down by -5.39% over the last 24 hours. There has been an hourly Rise by 0.17%. Chainlink's market cap currently sits at ₦1,616,832,793,314.57 NGN, holding up for a market cap rank at #19. The volume were at ₦113,054,828,502.91 NGN Chainlink ranks no 19 in the market capitalization of Chainlink is at ₦1,616,832,793,314.57 and its volume for 24 hours is ₦113,054,828,502.91. Chainlink are under circulation, with total supply of 1B and the Maximum supply of 1B.
Chainlink is an Oracle-based decentralized network that connects different blockchains to provide real data to smart contracts. Chainlink is a program that has been built on top of Ethereum(ETH). According to the official website of Chainlink, it is a framework where you can create a decentralized Oracle-based network with a smart contract to keep your data secure and reliable. Thus, Chainlink is a bridge between traditional data and the upcoming blockchain technology. It enables smart contracts to interact with real-world information. Moreover, Chainlink mechanisms provide surety about data accuracy and trustworthiness.
The projects of the Chainlink aims at challenges that the oracles have cleared. For example, Chainlink has determined the problem of the smart contract, which has been created by the Oracle pool, where Oracle produces quality content. With the smart contract support, oracle's decentralized pool improves its reliability.
In the Chainlink system, oracles are rewarded with LINK tokens. If Oracle produces high-quality content, they earn LINK tokens for themselves. Else, lose their tokens. Thus, the Chainlink system encourages oracles to deliver the best and valuable content for smart contracts.
The Chainlink came in 2017 with its first version by the smart contract. Steve Ellis and Sergey Nazarov both are the co-founders of the company and later launched the white paper of the Chainlink in 2017. Chainlink also launched ICO and earned approximately $32 million by selling 1 billion LINK tokens. There are 30% off LINK tokens distributed to SmartContract and used in the Chainlink developments.
Chainlink is the first blockchain that is based on the Oracle network. Therefore, in the ecosystem of Chainlink, when a user needs the required piece of information. This information will be listed as an event of blockchain within the network, and the listing will create an SLA(Service Level Agreement) contract, and the contract will launch the other three contracts in the system.
First, a contract establishes an oracle's authenticity. Coding will check and review the history of every oracle. System rechecks the past contributions of the Oracle and how accurate they were before. Oracle will receive a rank after the review, and this rank will produce the best Oracles.
The second node is using the contract requesting the Chainlink nodes. Once the nodes receive the request, the bidding will start on it. The system will automatically configure the nodes and their type by using the prerequisites program.
The system will review all the completed data, balance, and previous checks. It will discard all the misaligned data. Once the step is completed, data will be validated and available on the blockchain.
There are major benefits of the Chainlink network. Oracle is most important in network expansion. For instance, Decentralized exchanges use oracles to discover the cost of cryptocurrencies without any order book.
The Chainlink allows firms to leverage powerful technologies in a trustless manner. Users are accepting that the received data is not corrupt and incorrect. The system replaces it with a higher ranking in the single node failure automatically.
In 2019, Chainlink made one of the most significant partnerships with google smart contract strategy. This move connects two popular cloud services BigQuery via API.
Many functionalities make the Chainlink unique.
High-quality data with API: The Chainlink network manages credentials very well. It can deliver records from safe and protected data sources to smart contracts.
Flexibility: The network of the Chainlink is the highly flexible and agnostic framework handled by Defi applications and web services. By pretending to be a universal blockchain layer, the user can deliver any data from any blockchain environment as desired through Chainlink leverage.
Highly secured and transparent nodes: The oracle network of Chainlink consist of two nodes named security-reviewed and temper -resistance nodes, called Deutsche Telekom's T-Systems. These nodes are available for all users because these nodes are transparent.
Decentralized and Sybil-resistance network: Chainlink is a decentralized network and consists of nodes backed by a professional team.
Defence-in-depth: Chainlink employees approach multiple security solutions that use this combination to increase oracle network reliability and network robustness. Thin privacy-preserving cryptography includes DECO, trusted hardware such as Town Crier, crypto-economic security using implicit staking, and many more. This all-layered approach increases Chainlink's end-to-end reliability.
Adoption and Network effects: Chainlink used widely and adopted oracle solution in DeFi, securing billions of value in prediction for innovative DeFi protocols such as Aava, Synthetix, yearn. Finance and growth network effects are attracting more users.
World-class research and a Solid security foundation: The leading engineering and academics of Chainlink supports the Chainlink Chief scientist Ari Juels. Chainlink's researchers are working on innovative developments such as DECO, VRF, Mexicles, Town Crier, and more.
The chainlink network is secured by the Proof-Of-Stake concept(POS). Here, nodes stake LINK to obtain data and are rewarded by the network. The Chainlink network is secured by three main layers and a designed main layer.
Aggregation Contract: This layer works to collect data from the Oracle and matches the most specific result.
Order-Matching Contract: This layer matches the best possible oracle with the agreement SLA(Smart Contract Service).
Reputation Contract: This layer checks statistics, including the total number of the completed request, average response time, and the number of LINK tokens stakes by the oracle.
The Chainlink is currently ranking number #9 globally. It is one of the most valuable cryptocurrencies in the crypto world, with a market cap of USD 10,874,639,775. The maximum supply of the LINK tokens is 1 billion. 35% of the tokens were sold during the ICO in 2017, and the rest of the tokens were allocated among the team for future development. Currently, 40+( 432,509,553.92) million tokens are in circulation.
There are several ways to buy LINK, but buying from trusted exchanges makes your investment more secure. There are only three easy steps to buy and sell any crypto on any exchange. You can choose any of the given exchanges and start investing process.
Choose any of the given exchanges and look for an exchange that supports fiat and cryptocurrency to buy Chainlink (Link) or other cryptocurrencies. In just three easy steps, you can make an account on the exchanges and start investing.
Many exchanges do not allow users to deposit fiat currencies like INR, EURS, USD, and many more. In this case, you can buy other stable cryptocurrency pairs such as USDT/LINK, USDC/LINK, BTC/LINK, and ETH/LINK equivalent of your fiat currency. Then you can convert it to Chainlink (LINK).
The current Chainlink to NGN price is ₦3,126.73. In the last 24 hours, LINK to NGN price has gone up by -5.39%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Chainlink price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Chainlink at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging LINK against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Chainlink can be earned or received in various ways. LINK considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the LINK, including LINK to PHP, LINK to INR, LINK to NGN, LINK to THB, LINK to CAD, LINK to PKR, LINK to IDR , LINK to EUR , LINK to AUD , LINK to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 LINK is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like LINK to ARB, LINK to XRP, LINK to SHIBONE, LINK to BNB, LINK to SHIB, LINK to ID, LINK to BTC, LINK to KAS .
The current price of the Chainlink(LINK) is ₦3,126.73, with a current market cap ₦1,616,832,793,314.57.
The maximum supply of the Chainlink(LINK) is around 1B.
LINK is a ticker symbol of the Chainlink.
At the movement,517.1M Chainlink tokens are already in the market out of 1B LINK.
There are many options for buying crypto, and Chainlink can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Chainlink. It's a quick, easy, and secure way to buy Chainlink(LINK).
No, It is not a stablecoin.
Chainlink had an all-time low of ₦58.16.
Chainlink had an all-time low of ₦58.16.
Sergey Nazarov is the founder of the Chainlink(LINK) blockchain.
Chainlink was created on 19 September 2017.
No, the Chainlink (LINK) coin cannot be mined.
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