How much is chainlink (link) worth?

The price of Chainlink (LINK) is $7.61 today with a 24-hour trading volume of $179,229,522.50. This represents a 0.06% price increase in the last 24 hours and a -6.47% price decline in the past 7 days. With a circulating supply of 560 Million LINK, Chainlink is valued at a market cap of $4,232,683,354 . What is Chainlink?

Is chainlink a cryptocurrency?

Chainlinkis classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS). Link is the native cryptocurrency of Chainlink: a software platform that connects blockchains with external data. It is known as an “oracle,” which in crypto jargon means technology that brings real-world data from an online source into a blockchain.

What is chainlink & how does it work?

Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

What is a link Coin & how does it work?

The LINK coin serves as the main incentive for users participating on the network. Chainlink employs a unique proof-of-stake consensus mechanism wherein the participants are required to run their own nodes and must supply data feeds to smart contracts in order to qualify for receiving LINK coin rewards.