Chainlink (LINK)

From MarketsWiki
Jump to navigation Jump to search

Marex Logo -90px.jpg
SmartContract Chainlink Limited SEZC
Chainlink logo.png
Founded 2013
Headquarters Grand Cayman, Midland, Cayman Islands
Key People Sergey Nazarov, CEO; Steve Ellis, CTO; Mark Oblad, Head of Operations
Employees 2-10
Products Distributed ledger technology, cryptocurrency developer and distributor
Twitter @chainlink
Website Chainlink Homepage
Releases Company News
Blog Chainlink Blog

Chainlink is a blockchain technology created by a fintech company called SmartContract Chainlink Limited SEZC. They are also the creators of the digital asset LINK, a cryptocurrency.[1]


Chainlink's stated goal is to solve existing connectivity and interoperability problems with smart contracts by creating blockchain "middleware," or software designed to connect with external software. Chainlink aims to use this technology to make it easier for bank and retail payment systems, market data APIs, backend systems, non-Chainlink blockchains, and other software API to connect to smart contract and blockchain networks.[2]

Chainlink provides inputs and outputs for smart contracts, including contract oracles, for any blockchain. Oracles are the data fed into a smart contract from a source outside the contract that is necessary for to cause the contract to operate.[3]

LINK token[edit]

LINK is the name of the token that is used in Chainlink environments. At the end of August 2019 one LINK was worth 1.057 U.S. cents ($.01057).[4] At that time, it was ranked 20th in U.S. dollar market capitalization and 22nd in the U.S. dollar value of its trading volume by CoinMarketCap, an online cryptocurrency data aggregator.[5]


Chainlink launched in the summer of 2017.[6] It launched trading for LINK in November 2017.[7]

In September 2019, blockchain analytics company published a post on its blog alleging that its recent analysis of the LINK token revealed a pattern of suspicious activity indicative of market manipulation. Specifically, they said the data showed signs of a pump-and-dump scheme, a form of fraud committed by artificially inflating the price of high-volume assets. The report included data collected between April 1 and July 26, 2019. The report did not include evidence that any employee of Chainlink was directly involved with this activity.[8][9]

In October 2019, Chainlink announced that it, along with Intel and Hyperledger, had created a new enterprise-level blockchain product.[10]

In February 2020, Chainlink announced a partnership with Polkadot, a blockchain technology firm that seeks to build connections between blockchain networks. A week later, Chainlink announced a partnership with Ethereum Classic, as well as several smaller DeFi projects and dApps.[11]

In June 2020 SmartContract, the company that created the Chainlink oracle network, partnered with China’s national Blockchain Services Network (BSN) to help obtain and organize off-chain data.[12] The same month, the Delta Exchange began offering options contracts for LINK tokens.[13]

In July 2020, Chainlink partnered with Binance provide the exchange's DeFi platform with on and off-chain market data.[14]

In August 2020, LINK became the fifth-biggest digital asset by market cap, overtaking Bitcoin Cash.[15]

Key People[edit]

  • Sergey Nazarov - CEO
  • Steve Ellis - CTO
  • Mark Oblad - Head of Operations