Chainlink (LINK) logo
Chainlink (LINK) logo

Chainlink (LINK) Price and Reviews 2021

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Launched: 2017
Site: chain.link
Expert Review
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

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, 1:22 PM
5.0

Chainlink is the best :)

Mandy 22 September, 1:16 PM
5.0

Awesome!

Noneofyourbusiness 14 October 2019, 2:26 PM
5.0

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