Chainlink (LINK)

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Chainlink
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
LinkedIn Profile
Website Chainlink Homepage
Blog Chainlink Blog

Chainlink is a fintech company specializing in blockchain technology. They are also the creators of the digital asset LINK, a cryptocurrency

Overview

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.[1]

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.[2]

LINK token

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).[3] 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.[4]

History

Chainlink launched in the summer of 2017.[5] It launched trading for LINK in November 2017.[6]

In September 2019, blockchain analytics company AnChain.ai 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.[7][8]

Key People

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

References