LINK (Chainlink)
Chainlink (LINK) is a cryptocurrency and technology platform that enhances the capabilities of smart contracts on blockchains. It enables these contracts, which are self-executing agreements on the blockchain, to securely connect with external data sources, APIs, and payment systems. Smart contracts, by default, cannot access data outside the blockchain, such as weather updates, sports scores, or stock prices. Chainlink addresses this limitation through a decentralized network of nodes, known as oracles, which provide reliable and tamper-proof off-chain data to smart contracts. Nodes in the Chainlink network are incentivized with LINK tokens for supplying and validating data. Chainlink's goal is to seamlessly integrate blockchain technology with real-world applications, expanding the potential of smart contracts across various platforms.
Available cryptocurrency pairs
Currency pair | Base currency | Quote currency |
---|