• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Ask Anything Crypto

questions.coincheckup.com

  • Question Categories
  • Vocabulary
  • Market Data
    • Market Overview
    • Fundamental Analysis
    • Investment performance
    • Crypto Predictions

What is ChainLink (LINK)?

May 10, 2018 By admin_coin

What is ChainLink Crypto Currency?
What is ChainLink Crypto Currency?
A brief description of ChainLink.
ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments. By providing smart contracts secure access to these key resources, ChainLink allows them to mimic real world agreements that require external proof of performance and need to make payment in widely available payment methods e.g. bank payments.

ChainLink Video

Unfortunately we don’t have this data available.

The purpose of ChainLink 

Unfortunately we don’t have this data available.

ChainLink Abstract

Smart contracts are poised to revolutionize many industries by replacing the need for both traditional legal agreements and centrally automated digital agreements. Both performance verification and execution rely on manual actions from one of the contracting parties, or an automated system that programmatically retrieves and updates relevant changes. Unfortunately, because of their underlying consensus protocols, the blockchains on which smart contracts run cannot support native communication with external systems. Today, the solution to this problem is to introduce a new functionality, called an oracle, that provides connectivity to the outside world. Existing oracles are centralized services. Any smart contract using such services has a single point of failure, making it no more secure than a traditional, centrally run digital agreement. In this paper we present ChainLink, a decentralized oracle network. We describe the on-chain components that ChainLink provides for contracts to gain external connectivity, and the software powering the nodes of the network. We present both a simple on-chain contract data aggregation system, and a more efficient off-chain consensus mechanism. We also describe supporting reputation and security monitoring services for ChainLink that help users make informed provider selections and achieve robust service even under aggressively adversarial conditions. Finally, we characterize the properties of an ideal oracle as guidance for our security strategy, and lay out possible future improvements, including richly featured oracle programming, data-source infrastructure modi- fications, and confidential smart-contract execution.

More information can be found in the ChainLink whitepaper https://link.smartcontract.com/whitepaper

Other ChainLink facts

  • Trading symbol: LINK
  • Governance: Centralized > Hierarchical
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Unfortunately we don’t have this data available.
  • Emmission rate: No new tokens created
  • Transactions per second:  Unfortunately we don’t have this data available.
  • Total Supply: 1,000,000,000
  • Release date: Unfortunately we don’t have this data available.

Usefull ChainLink links

  • ChainLink’s Website
  • ChainLink pricing data & fundamental ChainLink information
  • ChainLink’s Website
  • ChainLink official blog
  • ChainLink’s Bitcointalk Forum
  • ChainLink’s Reddit Forum
  • ChainLink’s block explorer
  • ChainLink’s Alexa site stats
  • ChainLink’s official forum: Unfortunately we don’t have this data available.
  • ChainLink’s Github code repository:
    Unfortunately we don’t have this data available.
  • ChainLink’s roadmap:
    Unfortunately we don’t have this data available.
  • ChainLink’s team page: https://link.smartcontract.com/#team
  • ChainLink’s whitepaper: https://link.smartcontract.com/whitepaper

Filed Under: ChainLink Tagged With: Altcoin, Crypto, Currency, LINK, What is?

Other questions related to this cryptocurrency:

  • Is ChainLink (LINK) Centralized, Decentralized or Semi-Centralized?
  • All available information on the ChainLink (LINK) ICO
  • How can I contact the ChainLink (cryptocurrency) team?
  • Who is leading ChainLink (LINK) crypto?
  • Where to find Historical trading info and past performance on ChainLink (crypto)?
  • Where can I find fundamental analysis of ChainLink (LINK)?
  • How to buy ChainLink (LINK) cryptocurrency?
  • What is ChainLink (LINK)?

Footer

Question Categories

  • 0x
  • Achain
  • AdEx
  • adToken
  • Aeon
  • Aeternity
  • Afterschool
  • Agoras Tokens
  • Agrello
  • AirSwap
  • AirToken
  • Alis
  • Ambrosus
  • Aragon
  • Ardor
  • Ark
  • Artcoin
  • Asch
  • ATB Coin
  • ATMChain
  • Augur
  • AventCoin
  • B3Coin
  • Bancor
  • Basic Attention Token
  • BCAP
  • Binance Coin
  • BitBay
  • Bitcloud
  • bitCNY
  • Bitcoin
  • Bitcoin Cash
  • BitcoinDark
  • BitConnect
  • Bitcore BTX
  • Bitdeal
  • Bitdice
  • bitqy
  • BitSend
  • BitShares
  • BlackCoin
  • Blackmoon Crypto
  • BlockMason Credit Protocol
  • Blocknet
  • Blocktix
  • Burst
  • Byteball
  • Bytecoin
  • Bytom
  • Cardano
  • Centra
  • ChainLink
  • Chronobank
  • Cindicator
  • Civic
  • Clams
  • CloakCoin
  • COBINHOOD
  • Cofound.it
  • CoinDash
  • Counterparty
  • Credence Coin
  • Crown
  • Cryptocurrency
  • Cryptonex
  • Dash
  • Databits
  • DECENT
  • Decentraland
  • Decred
  • Delphy
  • Dentacoin
  • Diamond
  • DigiByte
  • DigitalNote
  • DigixDAO
  • district0x
  • Dogecoin
  • DomRaider
  • DubaiCoin
  • E-coin
  • Earth Token
  • Edgeless
  • Eidoo
  • Einsteinium
  • Elastic
  • Electroneum
  • Emercoin
  • Energycoin
  • Enigma
  • Enjin Coin
  • EOS
  • Ethereum
  • Ethereum Classic
  • Etheroll
  • Etherparty
  • Ethos
  • Everex
  • Expanse
  • Factom
  • FairCoin
  • Farad
  • Feathercoin
  • FedoraCoin
  • FirstBlood
  • FlorinCoin
  • FunFair
  • GameCredits
  • Gas
  • Genesis Vision
  • Gnosis
  • Golem
  • Golos
  • Grid+
  • GridCoin
  • Groestlcoin
  • Gulden
  • GXShares
  • Hive
  • Horizon State
  • Hshare
  • Humaniq
  • I/O Coin
  • Iconomi
  • ICOS
  • iExec RLC
  • InvestFeed
  • ION
  • IOTA
  • Jinn
  • Kin
  • Komodo
  • KuCoin Shares
  • Kyber Network
  • LBRY Credits
  • LEOcoin
  • Lisk
  • Litecoin
  • LoMoCoin
  • Loopring
  • Lunyr
  • Lykke
  • Maecenas
  • MaidSafeCoin
  • Matchpool
  • MCAP
  • Melon
  • Mercury
  • Metal
  • Metaverse ETP
  • MinexCoin
  • MobileGo
  • Modum
  • Moeda Loyalty Points
  • Monaco
  • MonaCoin
  • Monero
  • MonetaryUnit
  • Monetha
  • Mothership
  • Mysterium
  • Namecoin
  • NAV Coin
  • Neblio
  • Nebulas Token
  • NEM
  • NEO
  • NeosCoin
  • Nexium
  • Nexus
  • Nimiq
  • NoLimitCoin
  • Novacoin
  • Numeraire
  • Nxt
  • OBITS
  • OKCash
  • OmiseGo
  • Omni
  • Open Trading Network
  • Paragon
  • Particl
  • Patientory
  • PayPie
  • Peercoin
  • Peerplays
  • Pepe Cash
  • Pillar
  • PIVX
  • Po.et
  • Polybius
  • Populous
  • PotCoin
  • Power Ledger
  • Presearch
  • Primas
  • PRIZM
  • Proof of
  • Pura
  • Qtum
  • Quantstamp
  • Quantum
  • Quantum Resistant Ledger
  • Radium
  • RaiBlocks
  • Raiden Network Token
  • RChain
  • Red Pulse Token
  • ReddCoin
  • Request Network
  • Revain
  • Rialto
  • Ripio Credit Network
  • Ripple
  • Rise
  • Rubycoin
  • Safe Exchange Coin
  • SALT
  • SaluS
  • Santiment Network Token
  • Shift
  • Siacoin
  • SIBCoin
  • SingularDTV
  • Skycoin
  • SmartCash
  • Soarcoin
  • SolarCoin
  • SONM
  • Status
  • Steem
  • Stellar
  • Storj
  • Stox
  • Stratis
  • Streamr DATAcoin
  • Substratum
  • Suncontract
  • SuperNET
  • Swarm City
  • Synereo
  • SysCoin
  • TaaS
  • Target Coin
  • TenX
  • Terms
  • Tether
  • The ChampCoin
  • Tickets
  • Tierion
  • ToaCoin
  • TokenCard
  • TransferCoin
  • Triggers
  • TRON
  • Ubiq
  • Unobtanium
  • Vcash
  • VeChain
  • Verge
  • VeriCoin
  • Veritaseum
  • Vertcoin
  • Viacoin
  • Viberate
  • Wagerr
  • Walton
  • Waves
  • Waves Community Token
  • WeTrust
  • WhiteCoin
  • Wings
  • Xaurum
  • XPlay
  • Zcash
  • ZCoin
  • ZenCash
  • Zeusshield

Question Tags

AIR Altcoin Analysis ART AST BURST Buy Centralized > Flat Centralized > Hierarchical CEO Consensus Contact info Crypto CTO Currency DBIX Decentralized Delegated Proof of Stake Email Ethereum consensus) Fundamental Analysis Governance How to buy? ICO ICO price Leadership NAS PRE Proof of Audit Proof of Importance Proof of stake Proof of work Proof of Work & Proof of Stake PST RADS Sell Semi-centralized Social Media Start price TIX Trading history Trading performance WGR What is? will be proof of stake later on)

Article Selection

  • Where to find Historical trading info and past performance on Unobtanium (crypto)?
  • What is the Consensus method of Electroneum (ETN)?
  • What is SuperNET (UNITY)?
  • Who is leading Chronobank (TIME) crypto?
  • What is Verge (XVG)?
  • All available information on the Ethereum Classic (ETC) ICO
  • How to buy Loopring (LRC) cryptocurrency?
  • Is DomRaider (DRT) Centralized, Decentralized or Semi-Centralized?
  • Is Steem (STEEM) Centralized, Decentralized or Semi-Centralized?
  • Where can I find fundamental analysis of Afterschool (AST)?
  • How can I contact the Target Coin (cryptocurrency) team?
  • Is Bytecoin (BCN) Centralized, Decentralized or Semi-Centralized?
  • All available information on the BitcoinDark (BTCD) ICO
  • Where can I find fundamental analysis of Request Network (REQ)?
  • How can I contact the Matchpool (cryptocurrency) team?
  • Where can I find fundamental analysis of Ripio Credit Network (RCN)?
  • How to buy Etherparty (FUEL) cryptocurrency?
  • Is Elastic (XEL) Centralized, Decentralized or Semi-Centralized?
  • Where can I find fundamental analysis of Peerplays (PPY)?
  • Is ATMChain (ATM) Centralized, Decentralized or Semi-Centralized?
  • About
  • Contact
  • Advertising
  • Sitemap

Copyright © 2022 & Data provided by: CoinCheckup.com