Chainlink or LINK is a decentralized Oracle-based network that aims to cross online smart contracts with real-world data. In its Initial Coin Offering in September 2017, it raised $32 million, and this helped jumpstart the cryptocurrency to its current place in the market.
As the software that uses a reputation system, node handlers with large numbers of LINKs can have higher contracts. However, this can backfire as they are also required to deliver accurate information at all times since failure to do so results in the token deduction.
Today, Chainlink is a widely used cryptocurrency, especially when it comes to data acquisition, and it is continually rising in value. Out of the 1 billion Chainlink tokens that can be supplied, 400 million are in circulation. It is expected that this cryptocurrency will continue to grow as time passes by, as more and more users invest in it.
