Chainlink (LINK)

smart contracts
eth token
off-chain
assets management
blockchain service
#14

Marketcap Ranking

2.960513 (0.36%) arrow_drop_up

Market Price (24h change)

1,036,179,669

Total Market Cap

4.2

4.4

info_outline What is Chainlink

4.5

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Short Description

General Data and Information. 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. Milestones. September 2017 - ChainLink ICO. November 2018 - Town Crier (smart contracts and data privacy projects) acquired. 13th June 2019 - Partnership with Google announced. Utility. The Link Network provides timely and accurate information to smart contracts via a decentralized network of oracles (data feeds and APIs). This information is critical to the effective and accurate execution of smart contracts, as the information required exists off-chain and a reliable method for getting the information on chain is necessary

The LINK token serves as a payment for smart contracts that utilise the data provided by the Link Network, with oracles that provide accurate information being rewarded in proportion to their staked LINK. Significant Features. Partnerships with major industry players such as SWIFT and Google. Integrations by Ethereum sidechains such as Harmony, Celer and Matic. Average blocktime n/a; Total supply of 1 Billion LINK ; Oracle Consensus written into Ethereum Blockchain via threshold signatures. References: .

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Introduction Video

CHAINLINK | Revolutionizing Smart Contracts | DataDash

What do you think about ChainLink? Do you think it will bring mass implementation of smart contracts to enterprise? Are you bullish or bearish? Feel free to leave a comment below! ...

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Screenshot from Website

chain.link
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Website Informationclose

Organization: Q.E.D Global
Name: [ "REDACTED FOR PRIVACY", "PRIVACYDOTLINK CUSTOMER 3444952" ]
Country: KY
City: [ "REDACTED FOR PRIVACY", "SEVEN MILE BEACH" ]
Zipcode: [ "REDACTED FOR PRIVACY", "KY1-1202" ]
Address: [ "REDACTED FOR PRIVACY", "PO BOX 30485" ]
Mail: abuse@uniregistry.com
Creation date: 2008-10-25
Expiration date: 2023-10-25
Nameserver: mary.ns.cloudflare.com

attach_money Product Analysis

4.7

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Whitepaper

Smart contracts are poised to revolutionize many industries by replacing the need for both traditional legal agreements and centrally automated digital agreements. Both performance verification and execution rely on manual actions from one of the contracting parties, or an automated system that programmatically retrieves and updates relevant changes. ChainLink provides on-chain components for (smart-) contracts to gain external connectivity.


The whitepaper of Chainlink is 38 Pages long.

The most influencial keywords are: Oracle, Secure, Contracting, Chainlink, Smart contracts, Data aggregation, Provides, Nodes, Services, and User.

file_downloadOpen Whitepaper
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Close Competitors

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Product analysis

Chainlink was founded back in September 2017. Its source code was released publicly on github on November 2017 under the MIT License license.
Organization wise, Chainlinks Development is Centralized and is being developed under the lead of Rory Piant.

The consensus on which the Chainlink network is run is called POW, while the underlying algorithm is called Ethash.
In the current state of Chainlink currently is Alpha version

group Community Analysis

3.6

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Communities & Events

Welcome to the Chainlink subreddit, a place for focused and technical discussion of decentralized oracles.

view_list r/chainlink Subreddit
person 11,658 Subscribers
directions_run 168 Active Users
create 3 Daily Posts
speaker_notes 5 Daily Comments
linkOpen Subreddit

The Offical Telegram of the ChainLink Community (Please see our pinned post for rules and resources)

view_list Chainlink Official Channel
person 12,589 Members
directions_run 1,042 Online
linkOpen in Telegram

Official Twitter account for Chainlink

view_list @Smart_Contract Channel
person 16,023 Followers
11.14.2019
17:14
Join @danforbesdev on November 18th at 6pm PST for a workshop titled “Learn How Chainlink Can Make Smart Contracts Useful!” as part of Chainlink’s San Diego Meetup, hosted by @ARockyRock & @barryblaha. https://t.co/ysAkVuVvJt 123 favorite
11.12.2019
19:16
Are #smartcontracts legally binding in a court of law? We explore this concept by examining current legal agreements, how they evolve into smart contracts, their ongoing legal status, and other nuanced issues around future development. @OpenLawOfficial https://t.co/P1S5s97kgX 301 favorite
11.07.2019
18:05
The #Chainlink team will be hosting a meetup with @OntologyNetwork on Nov 12th at 6:30pm EST in NYC to discuss connected smart contracts, Ontology's ecosystem, and how the Chinese economy can leverage both to power next-generation business applications. https://t.co/NU3tHpFQWg https://t.co/gGNhK1QNqj 211 favorite
10.30.2019
14:55
.@EidJohann of @Chainlink & @HuxtableJonny of @linkpoolio are speaking at a #Chainlink meetup on Dec 18 at the Google HQ in Brussels. They'll showcase examples of a financial derivative on Ethereum using Chainlink oracles & Google #BigQuery. Register here: https://t.co/KpUoaIYaGF 403 favorite
10.30.2019
00:35
As part of #SFBW19 #CESC2019, @SergeyNazarov presented the properties necessary for the creation of a decentralized oracle network, the ways to connect #DeFi applications to key data and markets, and the expanded capabilities of DeFi with off-chain computation. https://t.co/wgyHdPatPr 183 favorite
10.29.2019
18:16
Only two days remaining in the #BuildWithChainlink virtual hackathon! Don’t forget to submit your project and claim your Chainlink swag box. If you have any last-minute questions, don't hesitate to jump in the Chainlink discord & ask for help: https://t.co/iNqMpnrrJc https://t.co/5gwi8yjmZm 86 favorite
10.26.2019
18:16
Join @danforbesdev & Burak Benligiray of @clcgio tomorrow at 2pm EST as they host a workshop showcasing how smart contracts can leverage the Honeycomb Marketplace to easily connect with a wide range of external data! Reserve your spot: https://t.co/9h7W8xPGUq #BuildWithChainlink https://t.co/8Sf6ouwg7v 118 favorite
10.24.2019
22:34
Join @danforbesdev tomorrow at 12pm EST as he teaches you step-by-step how to write a #Chainlink Job Specification, including functions like requesting data from an external adapter & interacting with a smart contract. Reserve your spot:https://t.co/RJopZTt2Jm #BuildWithChainlink https://t.co/zvgRjqvXfO 79 favorite
10.23.2019
21:12
Join @onggunhao, a software dev from @BinanceX, tomorrow at 11am EST as he hosts a #Chainlink hackathon workshop to explain the Binance X Fellowship and how Binance APIs can be used to enhance your hackathon project. Reserve your spot: https://t.co/WMy5kwdr0U #BuildWithChainlink https://t.co/7iI9D9JlLn 110 favorite
10.23.2019
14:10
Join Chainlink's hackathon support channel & share how you're doing or ask questions if you need any help! Hackathon teams that are active & submit quality projects will receive a swag box that includes a #Chainlink t-shirt & stickers! https://t.co/nWsEvdL3WX #BuildWithChainlink https://t.co/byxXXueI0p 106 favorite
Name Date Description
Joint Meetup 11.17.2019 This Sunday, Our @EmmaUltrain and @chainlink will co-host a meetup to discuss blockchain technology development in Beijing!!
Brussels Meetup 12.18.2019 "@EidJohann of @Chainlink & @HuxtableJonny of @linkpoolio are speaking at a #Chainlink meetup on Dec 18 at the Google HQ in Brussels"
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Google Trends Analysis


The Google Trends chart displays the search interest on google in Chainlink relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

3.9

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Chainlink is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 707 Stars
remove_red_eye 133 Watchers
usb 171 Forks
sync_problem 16 Open Issues
border_color 0.07 % Comment Coverage
lock_open MIT License License

attach_money Price Analysis

4.6

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Price Prediction

$ 3.016451 (2.6%) arrow_drop_up

Predicted USD Market Price in 24h

$ 3.341194 (13.65%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter LINK - USD

Convert between LINK and USD with the live Chainlink prices, aggregated from all big exchanges that trade Chainlink.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.8

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Team

Lead

Sergey Nazarov - Ceo
Starting his career at FirstMark Capital, he left to join the cryptocurrency revolution in 2011. He firmly believes blockchain technology has the ability to change the way societies distribute wealth, enforce contracts, and share critical information.


supervisor_accountSocial Network Links

Members (15)

launch

Rory Piant

Community manager

launch

Thomas Hodges

Integration engineer

launch

Adelyn Zhou

Director of marketing

launch

Dan Kochis

Global head of bd & partnerships

John Barker

Software engineer

launch

Alex Kwiatkowski

Software engineer

launch

Mark Oblad

Head of operations

Dimitri Roche

Software engineer

launch

Ari Juels

Technical advisor

launch

Andrew Miller

Technical advisor

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​Evan Cheng

Technical advisor

remove_red_eye Product Review by Coinpaper

4.5

How things stand

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A lot of research has been put into ChainLink since it was announced. However, it was not until 2017 that this Blockchain based cryptocurrency came under radar and started generating waves of a revolutionary product. It is based on the Ethereum Blockchain. SmartContract has put their heads down for quite a while and was focused on the development of the technology rather than marketing it. Their main agenda now is to involve market leaders and influencers in order to promote wide scale adoption of the technology.
ChainLink has a history of partnership with SWIFT, which is the largest global provider for secure financial transactions. SmartContract is working with them to integrate ChainLink technology to carry out financial transactions (Vasileva, 2019). This can harbor great results for the future of the technology.
The year 2019 has been tremendous for ChainLink when the CEO, Sergey, finally announced that the much-anticipated Oracle Network will roll out in May 2019. The cryptocurrency's price valuation experienced a boom after this announcement (Price, 2019).
ChainLink also managed to be listed on popular exchanges like Binance and Coinbase. This was a major development in the history of ChainLink as it was selected on popular opinion and on the merit of its technology. Also, the users are showing increasing interest in the Blockchain and the hype is supposedly based on the anticipation of a truly revolutionary technology. A number of notable partnerships have been announced by the company which look very promising.
Although ChainLink has a total supply of 1 billion tokens, the current circulation has only reached around 350 million till now. A large portion of the tokens is still left to be released which might trigger fall in price valuation of the coin.

4.3

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The code is developed by SmartContract who have been working on the project since 2014. According to the company, ChainLink’s decentralized oracle network is capable of providing the same level of security as smart contracts. The technology consists of mainly two parts, the on-chain architecture, and the off-chain architecture. Another protocol known as ChainLink Core, is a software that allows the interaction of the on-chain and off-chain infrastructures.

4.7

Product description

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Although cryptocurrencies have been in the news for quite some time, there are still some limitations that hinder the technology from being completely adopted for use in daily life. Issues related to scalability, privacy, security and physical integration are some of the hindrances that need to be addressed. At the core of the Blockchain technology is the concept of smart contracts, an idea first conceived in 1993.
Smart contracts can be termed as the digital version of legal contracts and the fact that it exists on a decentralized network, gives it a beneficial edge that no one can alter it. Smart contracts are executed when a certain number of conditions are fulfilled. However the execution of a social contract requires some data input from the physical world. The Blockchain must acquire and interact with data feeds and API’s. This interaction with the physical world requires middleware which are known as ‘oracle’. Here ChainLink comes into play. ChainLink provides a Blockchain based secure oracle network which allows and streamlines the interconnectivity of smart contracts and external resources (Dale, 2019).

4.5

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ChainLink, in real terms, is a middleware that is built to bridge the gap between the Blockchain based activity and the physical processes involved in a transaction. It redefines the architecture of oracles and brings them onto Blockchain technology. The actual product was supposedly launched in May 2019 (Paradigm, 2019).

4.6

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ChainLink was launched by a company named SmartContract, founded in 2014. Behind this project were two master-minds, Sergey Nazarov and Steve Ellis. The CEO, Sergey is an entrepreneur who has had several other ventures previously. The CTO, Steve is a software engineer who has served for other companies as well (CoinSwitch, 2019).

4.5

Pro-Contra

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Adoption The coin has a high acceptance rate compared to other cryptocurrencies.
Transaction cost There is no official data available related to the transaction fees of ChainLink, but since the technology addresses the scalability issues that plague other cryptocurrencies, it will be fairly low.
Enery consumption The technology does not rely on mining processes to carry out financial transactions and for that reason, it can be counted as an energy-efficient technology.
Decentralization The project’s approach to maintain decentralization is divided on three approaches. This includes distribution of data sources, distribution of oracles and use of trusted hardware. The project guarantees the same level of decentralization as provided by smart contracts themselves.
Product availability The product is already available.
Exchange availability ChainLink has made its debut on many popular exchanges recently, which include Coinbase, Binance and Kraken.
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Security Relatively low. The coin is relatively new/unproven.
Transactions per second Since ChainLink is based on Ethereum Blockchain, its processing speeds would be worse than that of other cryptocurrencies.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

4.2

Foresight

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After the recent paradigm shift of the crypto-markets towards the science of smart contracts, the world will see ChainLink leading the industry of decentralized smart contract oracles.

4.7

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SmartContracts has devoted great time and research on the ChainLink project, and finally it has started to bore fruits. The project aims to expand its integration in to different parts of financial transactions, while upgrading the Blockchain and its software technology to further enhance the performance and usability of the technology.

4.5

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ChainLink has the potential to become the world’s leading decentralized oracle for smart contracts.

4.4

Business

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Soon after ChainLink’s popularity, the world of cryptocurrency experienced a paradigm shift towards the building of smart contracts. There are several alternatives that are competing with the ChainLink technology. Among them are Fondu, Incetivai and Callisto Network.

4.0

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ChainLink rightly cashed its growing hype in year 2019 as it formed a number of partnerships to grow its network of users. Among the popular partnerships are SWIFT, while rumors of big announcements related to Google and Microsoft are making waves in the community. In March 2019, CEO Sergey announced partnerships with Synthetix, Provable, Bodhi and Naka Chain. Other partnerships include Olympus Labs, Mobilum and Kaiko. The future looks very promising in light of this notable growth of ChainLink’s user network (Paradigm, 2019).

4.2

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The project has been around for quite some time under the umbrella of SmartContract. Through the years, the team has only focused on developing the technology, rather than marketing it. ChainLink is notorious for its weak connections with its community and meagre involvement of its users in its development. However, as said before, 2019 was a year that bore many good news for ChainLink. The trend of little marketing and inactive community has been changing lately and we may see better representation of the technology on different platforms.

3.0

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The Team is headed by CEO Sergey Nazarov, who is an entrepreneur with a history of several business ventures and CTO Steve Ellis who is a software engineer who looks after the technical side of the project. The development team includes many other notable software engineers who have proven themselves in the world of cryptocurrency previously.

4.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance LINK/BTC $ 2.961739 $ 7,750,925 check
# 2 Binance LINK/USDT $ 2.961228 $ 4,906,643 check
# 3 Coinbase Pro LINK/USD $ 2.925100 $ 2,492,012 check
# 4 Binance LINK/ETH $ 2.970418 $ 549,664 check
# 5 Coinbase Pro LINK/ETH $ 2.975571 $ 290,828 check
# 6 Kraken LINK/USD $ 2.911550 $ 98,480 check
# 7 Kraken LINK/BTC $ 2.947089 $ 74,452 check
# 8 Binance LINK/TUSD $ 2.968348 $ 66,526 check
# 9 Binance LINK/USDC $ 2.957296 $ 53,389 check
# 10 Kraken LINK/EUR $ 2.912890 $ 33,448 check

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