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LINK (Chain Link)

Project basic information

Issue Time:2017-09-21

Total Supply:1,000,000,000

Circulation :397,509,556

White paper:https://link.smartcontract.com/whitepaper​

Website:https://chain.link/​

Block Explorer:https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca​

Project Introduction

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.