LINK/USD is a way of expressing the price of 1 LINK to USD, i.e., the value of a LINK cryptocurrency token represented against the US Dollar. Other ways of expressing the pairing of LINK to USD include LINK-USD, LINK Coin to USD, and LINK USD. LINK is the cryptocurrency token used by Chainlink, a decentralized network that acts to access data essential to the execution of smart contracts. Founded in 2017 by the company SmartContract – alongside a flurry of similar projects on the Ethereum blockchain – Chainlink’s network connects data providers (called oracles) and purchasers, with the latter paying with LINK tokens to the former in return for retrieving data from external sources. Chainlink’s Initial Coin Offering raised around $32 million, with approximately 35% of the 1 billion supply of LINK sold. You can buy, sell and trade LINK for USD on eToroX, where you can take advantage of a wide variety of crypto tools such as a LINK to USD calculator, LINK USD chart, and a LINK to USD converter. You can also find a leading choice of other cryptocurrencies linked to USD on eToroX. Discover LINK/USD trading and other crypto linked to USD at eToroX today.
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LINK is the governing token of Chainlink, a decentralized oracle network used by purchasers and providers of data for smart contracts. Founded in 2017 as a subsidiary of SmartContract, the concept of Chainlink is based on solving one of the issues that hamper smart contracts – the disconnect between real-world data (off-chain) and blockchains (on-chain). Chainlink’s founders, two New York University grads, Steve Ellis and Sergey Nazarov, recognized that smart contracts that rely on data from external sources would benefit from a network acting as a bridge between off-chain sources and the blockchain. Chainlink was created to incentivize data providers (called “Oracles” in its terminology) to act as that bridge or link. Those seeking the data for their smart contracts are purchasers, paying LINK crypto to the Oracles who are providing the data. At its most fundamental level, Chainlink is a means of connecting smart contracts to the outside world, with LINK deriving its value by facilitating the data transferred by those connections.
Investors are interested in LINK for several reasons. Many believe that smart contracts will be intertwined with the future of the internet and broader business as well. Chainlink provides a means for those smart contracts to retrieve data from the real world. There is also the attraction of Chainlink partnering with Big Tech firms like Google and Microsoft, aiming to find solutions to synchronize today’s internet technology with blockchains. At the time of writing, LINK’s all-time high price in USD was just shy of $53 LINK to USD, which was reached in mid-May 2021. While it has dropped significantly from that point, it is still up considerably from its all-time low of under 15 cents recorded in November 2017. As with all other cryptocurrencies, LINK is subject to volatility. But it remains a popular buy among some investors, and it sees multi-billion-dollar trading volumes each day. Ready to discover LINK? You can buy and sell LINK-USD on eToroX today.
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