Chainlink Crypto Price Prediction, Value and Chart (LINK)

Chainlink (LINK) Frequently Asked Questions

What is Chainlink?

Chainlink is a blockchain-base middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments. This way, Chainlink allows Smart Contracts to communicate with external resources on their own. LINK is an ERC20 token based on the Ethereum Blockchain. It is used to pay Chainlink Node operators for the retrieval of data from off-chain data feeds, formatting of data into blockchain readable formats, off-chain computation, and uptime guarantees they provide as operators. (Description provided by CryptoCompare)

How do I buy Chainlink?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Chainlink.

Where can I get Chainlink wallet?

Chainlink produces its own wallet software that is available for download on its website, which allows you to store Chainlink on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Chainlink?

One Chainlink (LINK) is currently worth $20.56 on major cryptocurrency exchanges. You can also exchange one Chainlink for 0.00040712 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Chainlink in U.S. dollars is $9.60 billion.

What hashing algorithm does Chainlink use?

Chainlink is a coin that uses the ETH Token algorithm.

What coins are similar to Chainlink?

The following coins use Chainlink's ETH Token algorithm and proof-type: Polygon, Crypto.com Coin, Polygon, Binance USD, Parkgene, Decentraland, DREP, DREP [old], Dai, Axie Infinity, FTX Token, THETA, Fantom, Radix and Gala.

What is the Reddit page for Chainlink?

The official Reddit community (subreddit) for Chainlink is r/chainlink.