👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

LINK/USD - Chainlink US Dollar

Gate.io
Currency in
USD
Disclaimer
34.68
+4.52(+14.99%)
Real-time Data
Day's Range
30.1034.73
52 wk Range
7.6152.35
Bid/Ask
34.67 / 34.70
Vol (24H)
262.50M
Market Cap
7.05B
Day's Range
30.1-34.73
52 wk Range
7.61-52.35
Max Supply
-
Circulating Supply
LINK626.85M
Rank
14
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Daily
Weekly
Monthly
More
Type:Currency
Group:Minor
Second:US Dollar
How do you feel today about LINK/USD?
Vote to see community's results!
or
Show more
FAQ

What is Chainlink?

Chainlink is a crypto protocol that allows blockchain protocols to communicate with data feeds in the real world. The Chainlink network is a blockchain abstraction protocol that enables smart contracts to interact with external data feeds, events and payment methods securely. With blockchains largely operating in a siloed setting, information flow is often limited. The Chainlink network provides much-needed information to smart contracts that operate on blockchain protocols. Discover more about what crypto is and how it works in our Academy.

How to buy Chainlink

You can buy Chainlink’s LINK cryptocurrency from trustworthy cryptocurrency exchanges like Kraken, Coinbase or Gemini. These platforms support many countries and offer an instant buying option. Regardless of the amount of LINK you plan to buy, make sure you transfer your LINK and store them away from the exchange. You can store your LINK on a software wallet like Exodus. If you plan to accumulate LINK long term, you can transfer your LINK to a hardware wallet like Ledger Nano X.

What does Chainlink do?

Chainlink is key to the blockchain space as it connects smart contract-enabled platforms to real-world information from off-chain sources through oracles. It allows diverse data like price feeds, supply chain management data, temperatures from smart sensors, and much other information to be easily accessible by the integrated blockchain.

How does Chainlink work?

Chainlink uses cryptography to practically guarantee security, trust, and decentralization so that blockchain protocols can access accurate information on needed data. To enable easy access to data flow, Chainlink integrates with the host protocol. It then purchases information from many data providers, which is then streamed to the host blockchain.

Is Chainlink a ERC-20 Token?

Although Chainlink designates its LINK token as ERC-677, it is still an ERC-20 token under the hood and is used to pay node operators on the network. It is also used for deposits issued by node operators as needed by the content creators. It is fungible, meaning that one LINK is exchangeable for another.

What is Chainlink staking?

Chainlink staking entails depositing LINK tokens into a node operator, and when the validating node makes money, you get a portion of their gains minus commission. The pledged tokens are meant to secure the platform and verify transactions on the network.

What companies use Chainlink?

Blockchain protocols are the ones that leverage the data driven by the Chainlink protocol. However, Associated Press (AP) recently launched a Chainlink node to provide vetted data to the Chainlink network. The protocol’s zero-default setting makes it a top destination for many companies looking for genuine data.

How to store Chainlink

Chainlink’s LINK tokens are stored on digital wallets. You can use popular ones to store Chainlink: MyEtherWallet, Atomic Wallet, Ledger Nano S/X, Trezor, MetaMask, Coinomi, Trust Wallet, and several others.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.