Chainlink (LINK) Price and Reviews 2023

5 / 5

3 user reviews

4.2 / 5 Our Score

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Launched: 2017

Site: chain.link

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Written by Jinny Butterworth

Financial journalist. I've been covering financial markets since 2005. Cryptocurrency writer since 2016. Love cooking, reading and spending time with my dogs.

May 23, 2020

ChainLink (LINK) is the native currency of the ChainLink platform. It represents an ERC-20 token is listed on multiple exchanges paired against major cryptos. At the time of writing, you can trade LINK against the fiat USD currency on Coinbase Pro.

Smart contracts are not able to access data on their own. Since connecting these contracts to data via node is deemed as a point of failure, using a decentralized service could be a solution.

Therefore, the ChainLink project sees its mission in the integration of the off-chain data into smart contracts through a reliable decentralized oracle network. LINK tokens hit the market in 2017 and the currency quickly made its way to the top 50 cryptocurrencies by market cap. Later it reached the top 20. ChainLink partners with a large banking network SWIFT.

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Our Score

Transaction speed 4 / 5

Technology 4 / 5

Security 4 / 5

Investment potential 5 / 5

Reputation 4 / 5

Our Score

4.2 / 5

Pros and Cons

pros

Technological capabilities

Offers decentralized oracles

Significant presence on social networks

cons

Few guarantees for the investors

Little communication on further developments

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User reviews

Mary Kelly 23 September 2021

5.0

Chainlink is the best :)

Mandy 22 September 2021

5.0

Awesome!

Noneofyourbusiness 14 October 2019

5.0

10/10 Project with some serious backing, keep your eyes on this coin.

Launched: 2017

Site: chain.link

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