LINK Price (LN)
LINK Price Chart (LN/USD)
Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.
|1||Bithumb||LN / KRW||$37.24||1.02%||$139,945|
|2||Huobi Global||LN / BTC||$31.30||0.48%||$60,717|
|3||Huobi Global||LN / USDT||$38.08||0.54%||$30,355|
|4||Gate.io||LN / USDT||$26.15||0.91%||$14,824|
|5||Bithumb||LN / BTC||$36.30||1.10%||$12,435|
|6||MEXC Global||LN / BTC||$30.88||1.35%||$7,456|
|7||Gate.io||LN / BTC||$27.26||2.92%||$3,141|
|8||BITFRONT||LN / BTC||$36.98||0.96%||$40,166|
|9||BITFRONT||LN / USDT||$35.89||4.90%||$17,534|
LN Price Statistics
- LINK Price Now $30
- 24h Low / 24h High $29 / $32
- Trading Volume $64,723
- Market Cap Rank #158
- Market Cap $211,570,837
- Volume / Market Cap 0.0003
Apr 02, 2021
Dec 26, 2018
Understanding LINK Cryptocurrency: A Game Changer in the Blockchain World
The world of cryptocurrency continues to expand, with new coins and tokens being introduced regularly. One such token gaining significant attention is LINK. In this article, we will explore what LINK cryptocurrency is and its potential impact in the blockchain world.
What is LINK Cryptocurrency?
LINK is an ERC-20 token built on the Ethereum blockchain. Developed by Chainlink, a decentralized oracle network, LINK aims to bridge smart contracts with real-world data, enabling them to interact with external systems in a secure and reliable manner.
How Does Chainlink Work?
Chainlink operates through a network of oracles. These oracles act as intermediaries, providing external data to smart contracts. By connecting blockchains with real-world information, Chainlink helps smart contracts execute functionalities that require external inputs. This means smart contracts can access data from various sources, including APIs, databases, or IoT devices.
The Importance of LINK Cryptocurrency
LINK's primary purpose is to incentivize and facilitate Chainlink's decentralized oracle network. Node operators, who maintain and provide data to the network, are rewarded in LINK tokens. This mechanism ensures a continuous and reliable flow of data to support smart contract execution.Furthermore, LINK plays a vital role in the Chainlink ecosystem by enabling data consumers to pay node operators for their services. It acts as a means of exchange between these parties, ensuring fair compensation for the data provided.
LINK cryptocurrency has the potential to revolutionize various industries by expanding the capabilities of blockchain technology. Here are a few potential applications:1. Decentralized Finance (DeFi): Chainlink's oracles can supply real-time market data, enabling DeFi protocols to make informed decisions regarding lending, borrowing, and trading.2. Supply Chain Management: By connecting blockchain with real-world supply chain data, Chainlink can enhance transparency, traceability, and efficiency in logistics and inventory management.3. Gaming: Chainlink can enable the integration of external data into blockchain-based games, enhancing gameplay and introducing new monetization models.
LINK cryptocurrency holds tremendous potential in bridging the gap between smart contracts and real-world data. Through Chainlink's decentralized oracle network, LINK empowers developers with the ability to create highly interconnected and secure applications. As the blockchain industry continues to evolve, the role of LINK is set to expand, making it an exciting cryptocurrency to watch in the coming years.