📈 $LINK Its price is going to increase. So it is expected that its price will increase a little more. But it may not happen again. But the number of increases is more.🔥

General Data and Information

Chainlink (LINK) is a decentralized network that provides information (oracles) to smart contracts. Founded in 2017 by Sergey Nazarov and Steve Ellis, Chainlink aims to solve the problem of off-chain information sourcing by smart contracts for their execution parameters. Smart contracts are designed to execute automatically when certain paramenters are met, however, when these parameters exist off-chain there is a reliance on sources of information (known as oracles) to provide the necessary information. Off-chain oracles tend to be centralized and with it comes a reliance on a third party to provide critical information in a trustworthy and time critical manner. ChainLink aims to break this reliance by feeding information to smart contracts via a network of decentralized oracles that work together on the Link blockchain to verify and forward critical information to these contracts. The ChainLink network allows users who have either a data feed or information carrying APIs to easily provide information to smart-contracts in exchange for the LINK token.

Milestones

September 2017 - ChainLink ICO.

November 2018 - Town Crier (smart contracts and data privacy projects) acquired.

13th June 2019 - Partnership with Google announced

Utility

The Link Network provides timely and accurate information to smart contracts via a decentralized network of oracles (data feeds and APIs). This information is critical to the effective and accurate execution of smart contracts, as the information required exists off-chain and a reliable method for getting the information on chain is necessary. The LINK token serves as a payment for smart contracts that utilise the data provided by the Link Network, with oracles that provide accurate information being rewarded in proportion to their staked LINK. #LINK/USDT🌐 #LINKPrice #LINK