What is chainlink (link)?

What is Chainlink? (LINK) Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains . If you’re unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met.

Who can sell data to chainlink?

Both independent developers and large companies can sell data as node operators to the Chainlink network and be paid LINK tokens in the process. Two of the key objectives to ensure security on the Chainlink network are distribution of data sources and distribution of oracles.

What happened to chainlink?

2017: Chainlink raised $32 million during its ICO, with 1billion LINK tokens in circulation. 2018: Chainlink acquired Town crier, an authenticated data feed for smart contracts. 2019: Chainlink launched its platform on Ethereum ’s mainnet.

What is chainlink whitepaper v1.0?

ChainLink whitepaper v1.0 was released on September 4, 2017. It contains details of the project’s infrastructure, the problems it solves, its on-chain and off-chain architecture, the use of oracles, reputation management and penalty stakes for nodes, and the utility of the LINK token.