About Chainlink (LINK)
Chainlink is an oracle that provides off-blockchain data to smart contracts.
Chainlink was first described in a white paper published in September, 2017. Chainlink is a decentralized network that connects smart contracts to external data. It aims to bring real world data onto the blockchain so that smart contracts can interact with real world events and information that exist off-blockchain. Chainlink was built to increase the potential applications and possibilities for smart contracts and reduce their need to rely on trusted third parties.
LINK is the digital asset token used to pay for services on the Chainlink network. It is built on Ethereum in accordance with the ERC20 standard for tokens. LINK can be bought and sold for fiat currency or other digital currencies.
LINK can be purchased on a cryptocurrency exchange and stored in a crypto wallet and custodian like Gemini.
Learn more about LINK on Cryptopedia:
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The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by outside sources, these third parties are not affiliated with Gemini.