$ 2.06 (1.95%)
Chainlink (LINK) - Historical Price Chart
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Launched by the San Francisco fintech company SmartContract in June 2017, Chainlink is described by its developers as a secure blockchain middleware that intends to connect smart contracts across blockchains by allowing smart contracts to access key off-chain resources such as data feeds, web APIs, and traditional bank account payments.
The Chainlink developers believe that although smart contracts may revolutionize many industries by replacing the need for traditional legal agreements, the underlying consensus protocols related to blockchain technology results in smart contracts being unable to effectively communicate with external systems.
The Chainlink ecosystem revolves around the LINK token and the LINK network. Through the release of APIs and other platforms, the developers plan to enhance the applicability and usability of smart contracts across the business world.