- 1 Overview of LINK
- 2 How Is the Chainlink Network Secured?
- 3 How Many Chainlink (LINK) Coins Are There in Circulation?
- 4 What Is Chainlink (LINK)?
- 5 What Is IRS Free File?
- 6 What is The CoinDesk 20?
- 7 What Makes Chainlink Unique?
- 8 Where Can You Buy Chainlink (LINK)?
- 9 Who Are the Founders of Chainlink?
- 10 History of LINK
Overview of LINK
As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism.Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators.
During the initial coin offering (ICO) for LINK, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens.The current supply is about 419,009,556 LINK tokens, or about 42% of the total supply.
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts.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 IRS Free File?
The IRS Free File Program is a public-private partnership between the IRS and many tax preparation and filing software industry leaders who provide their brand-name products for free.
What is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts.With many trusted partners, Chainlink is one of the major players in the data processing field.Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi.Data providers can sell access to data directly to Chainlink, thus monetizing the information they have.
Chainlink and the LINK token are among the most popular cryptocurrencies on the market.Considering this, a lot of exchanges have pushed to start offering trades in LINK.If you are looking to purchase LINK coins, one top exchange is Binance.
Sergey Nazarov is a co-founder and CEO at Chainlink Labs.He graduated with a degree in business administration from New York University, with a focus on philosophy and administration.His professional career began as a teaching fellow at NYU Stern School of Business.In 2009, Nazarov co-founded ExistLocal, a peer-to-peer marketplace for authentic local experiences.