Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage, and Huobi. Data providers can sell access to data directly to Chainlink, thus monetizing the information they have.

As a decentralized network, Chainlink allows users to become node operators and earn revenue by running the critical data infrastructure required for blockchains’ success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in production, which currently secure billions in value for leading DeFi applications like Synthetix, Aave, Compound, and more.

As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators.

It has a circulating supply of 467,099,971 LINK coins and a max. supply of 1,000,000,000 LINK coins.

If you would like to know where to buy Chainlink at the current rate, the top cryptocurrency exchanges for trading in Chainlink stock are currently Binance, OKX, Huobi, Coinbase, and Bybit.