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ChainLink (cryptocurrency)

ChainLink (cryptocurrency)

ChainLink is a decentralized oracle network that connects smart contracts to any or all external systems and APIs.

Chainlink (or Link) is a decentralized oracle network and cryptocurrency that provides data to blockchains. It is one of the main sources of data used to feed information to applications in decentralized finance. During 2020, it grew to become the fifth largest cryptocurrency by market capitalization. ChainLink is headquartered in the Cayman Islands and was founded in September, 2014 by Sergey Nazarov and Steve Ellis. SmartContract is the parent company of ChainLink.

ChainLink (LINK) connects smart contracts to any, or all, external systems and APIs. It acts as a secure blockchain middleware and decentralized oracle network that aids in connecting smart contracts with critical resources of external data and other external software systems. ChainLink nodes offer API's that allow the completion of smart contract agreements and streaming of data feeds to and from blockchain networks such as Ethereum, Bitcoin, Hyperledger, and others.

The whitepaper for the project was co-written by Nazarov and Cornell Professor Ari Juels, who served as a technical advisor. Chainlink raised $32 million through an initial coin offering in 2017. In 2019, Google announced that it was integrating its BigQuery data analytics platform with Chainlink, allowing data from outside sources to be used in applications built directly on the blockchain.

In 2020, the Associated Press announced that the voting data for the 2020 Presidential Election it was posting to Everipedia used Chainlink.

In April 2021, Chainlink released an updated version of its whitepaper.

Its token is Ethereum (ERC-667) based and has technology that delivers price feeds into various decentralized finance applications. Link aims to curb dishonest centralized data-feed providers by using a distributed network of nodes to verify data it receives from sources.

Chainlink partners include Google Cloud, Oracle, Tezos and other 50 Blockchain Project.

Timeline

September 2017
ChainLink raises a $32,000,000 initial Coin Offering from Andreas Schwartz, Fundamental Labs, George Burke, Limitless Crypto Investments and Nirvana Capital.

Funding rounds

People

Name
Role
LinkedIn

Sergey Nazarov

Co-Founder

Steve Ellis

Co-Founder

Further reading

Title
Author
Link
Type
Date

Analysis of ChainLink ICO - Decentralized Oracle Connecting Blockchain with Outside Data - Crush Crypto

Web

White Paper

Steve Ellis, Ari Juelsy, Sergey Nazarov

Documentaries, videos and podcasts

Title
Date
Link

Chainlink (LINK) Price Prediction 2020, 2021, 2022, 2025, 2030

January 10, 2020

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Omar Faridi
August 6, 2021
Crowdfund Insider
Celsius secures backend pricing of digital assets using Chainlink, with goal to decentralize crypto lending platform.
Tony Zerucha
July 28, 2021
Crowdfund Insider
Click HERE to find out ⭐ Chainlink Price Feed Addition to Boost Avalanche DeFi App Potential. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Omar Faridi
July 23, 2021
Crowdfund Insider
Chainlink (LINK) Price Feeds are now live on the Avalanche Mainnet, which should pave the wave for decentralized finance apps.
Omar Faridi
June 19, 2021
Crowdfund Insider
Chainlink to offer free blockchain developer training for writing Ethereum based Solidity smart contracts, implementing secure dApps .
JD Alois
June 1, 2021
Crowdfund Insider
Click HERE to find out ⭐ Token Tuesday: Digital Bank Revolut Adds More Digital Assets for Trading. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
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References

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