Cryptocurrency

ChainLink record historic record – Breaking News

If you want to know about a criptomoneda that is reaching new highs, here is a LINK of ChainLink, which today came to$ 8.33 on a new record. We tell you the details here.

What is ChainLink?

For those who don’t know, ChainLink is a decentralized network that aims to connect contracts smart with real-world data. Meanwhile, LINK is the criptomoneda native of the decentralized network ChainLink, and that is used to pay the operators of nodes.

Also, ChainLink is a platform that aims to close the gap between contracts smart technology-based Blockchain (distributed by Ethereum) and the real-world applications.

Given that the chains of blocks can not access data outside your network, you need oracles (an instrument DeFi) to function as a data feed contracts smart. In the case of ChainLink, the oracles are connected to the network Ethereum.

Given that the network ChainLink has a reputation system, the providers of nodes that have a large amount of LINK can be rewarded with larger contracts. While failure to provide accurate information results in a deduction of tokens.

The rise of LINK and his new record

If we look at the graph of the price of ChainLink, we will see how it has evolved over the years, but especially in the last few days. At the time of writing this publication, the LINK changing hands for a value of$ 8.33, which translates into a growth of 13,81%.

With all this good news, ChainLink is positioned also as part of the top 10 cryptocurrencies today. In addition, it is now available in Coinbase, which makes it more popular and accessible to a greater number of people. Impressive, isn’t it?

Graph of the historical price of ChainLink where it shows the new record reached in terms of their historical highs. Source: CoinMarketCap

Some factors could have influenced this event along 2020. For example, this year several companies and projects have confirmed that they will integrate the oracles of ChainLink in their products and services. That list includes names that are impressive, like Kadena, the service network Blockchain from China and Ethereum Classic, to name a few.

Final comments

With so many third parties that recognize the hard work of the team of ChainLink, there is a large positive impulse to the criptomoneda. In this way we can know that ChainLink has a good future ahead if he continues like until now.

After all, and despite the amount of competition that exists in the industry of cryptocurrencies, ChainLink is positioning itself as a solution to Blockchain widely used.

This latter is difficult to achieve today given the conditions. That’s why, if you had the opportunity to invest in ChainLink what would you do?

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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