Chainlink
Chainlink BasicReport a Data Error
Chainlink Info
Chainlink Team
Individuals
OrganizationsChainlink Intro
LINK, short for Chainlink, is the first decentralized oracle network that enables anyone to securely provide smart contracts access to critical external data, off-chain payments, and any other API functions. Its purpose is to connect smart contracts with external data sources and real-world information.
Chainlink utilizes a distributed network of nodes to provide data services. These nodes, known as on-chain nodes, are responsible for retrieving data from external data sources and transmitting it to smart contracts. Data validation and consensus mechanisms among the nodes ensure the accuracy and security of the data.
The LINK token is used to pay for the services provided by on-chain nodes. Nodes lock a certain amount of LINK to offer data services and receive corresponding rewards. Additionally, the LINK token is also used for on-chain governance, where holders can participate in decision-making and voting on proposals within the Chainlink network.
The Chainlink project was co-founded by Sergey Nazarov and Steve Ellis in 2014.The Chainlink mainnet was officially launched in May 2019. Currently, Chainlink has partnered with Google Cloud and Amazon Web Services. Chainlink services are integrated into Google Cloud Platform and Google Cloud Platform.
In 2024, Chainlink made significant advancements in cross-chain interoperability and decentralized finance (DeFi). The Cross-Chain Interoperability Protocol (CCIP) was officially opened to all developers, marking a major milestone for secure cross-chain data and asset transfers. Key partnerships included integrations with Aave for its GHO stablecoin and gaming ecosystems like WEMIX. Additionally, Chainlink launched the Transporter app, powered by CCIP, offering users a highly secure solution for moving tokens across blockchains.
Furthermore, Chainlink's Proof of Reserve (PoR) was integrated into 21Shares' Core Ethereum ETF (CETH), improving transparency in the reserves backing tokenized assets. Chainlink also collaborated with Google Cloud, further solidifying its position as a leading decentralized oracle provider by offering blockchain data analysis and node validation services.
Above are only for introduction, not intended as investment advice.
Chainlink Unlock & AllocationReport a Data Error
Q&A about Chainlink Tokenomics
Explore the tokenomics of Chainlink (LINK) and review the project details below.
What is the allocation for Chainlink (LINK)?
- 35% was allocated to Public Token Sale
- 35% was allocated to Node Operators & Ecosystem
- 30% was allocated to Company
What is the supply schedule for Chainlink (LINK)?
Chainlink's economic structure relies on the LINK token, which is used to operate various oracle services needed by smart contract developers and Web2 systems. LINK also acts as a reward for the accurate execution of oracle services. The supply side involves initiating and enhancing oracle services to encourage the use of Chainlink-enabled smart contracts and Web2 systems. On the other hand, users pay in LINK to access oracle services. Despite Chainlink's efforts to be as decentralized as possible, it has been criticized for its reliance on a small number of trusted nodes. However, LINK staking aims to address this issue.
LINK staking will introduce a system of rewards and penalties to encourage the correct operation of the Chainlink oracle network. It will also improve the capacity of node operators to receive tasks and earn fees within the Chainlink network.In this system, participants will secure their LINK tokens as collateral. This collateral can be taxed or "slashed" if a node provides incorrect data. The LINK tokens taxed from dishonest validators will be redistributed as earnings to honest validators.
To view the information about Chainlink Economics 2.0, you can visit https://blog.chain.link/sustainable-oracle-economics/#chainlink_economics_2.0__sustainable_oracle_economics
Chainlink Token Allocation
Chainlink Financing historyReport a Data Error
Chainlink Financing history
Chainlink Investors
People also watchReport a Data Error
Chainlink Price Live DataReport a Data Error
LINK, short for Chainlink, is the first decentralized oracle network that enables anyone to securely provide smart contracts access to critical external data, off-chain payments, and any other API functions. Its purpose is to connect smart contracts with external data sources and real-world information.
Chainlink utilizes a distributed network of nodes to provide data services. These nodes, known as on-chain nodes, are responsible for retrieving data from external data sources and transmitting it to smart contracts. Data validation and consensus mechanisms among the nodes ensure the accuracy and security of the data.
The LINK token is used to pay for the services provided by on-chain nodes. Nodes lock a certain amount of LINK to offer data services and receive corresponding rewards. Additionally, the LINK token is also used for on-chain governance, where holders can participate in decision-making and voting on proposals within the Chainlink network.
The Chainlink project was co-founded by Sergey Nazarov and Steve Ellis in 2014.The Chainlink mainnet was officially launched in May 2019. Currently, Chainlink has partnered with Google Cloud and Amazon Web Services. Chainlink services are integrated into Google Cloud Platform and Google Cloud Platform.
In 2024, Chainlink made significant advancements in cross-chain interoperability and decentralized finance (DeFi). The Cross-Chain Interoperability Protocol (CCIP) was officially opened to all developers, marking a major milestone for secure cross-chain data and asset transfers. Key partnerships included integrations with Aave for its GHO stablecoin and gaming ecosystems like WEMIX. Additionally, Chainlink launched the Transporter app, powered by CCIP, offering users a highly secure solution for moving tokens across blockchains.
Furthermore, Chainlink's Proof of Reserve (PoR) was integrated into 21Shares' Core Ethereum ETF (CETH), improving transparency in the reserves backing tokenized assets. Chainlink also collaborated with Google Cloud, further solidifying its position as a leading decentralized oracle provider by offering blockchain data analysis and node validation services.
Above are only for introduction, not intended as investment advice.