Swap Chainlink (LINK) Instantly

Chainlink essentially bridges the blockchain with the external world. Though Chainlink was founded in 2017, it grew at a surprisingly fast pace. Chainlink price saw a first major rise in July 2019 when the price pumped from half a dollar to $3.75 in a few weeks. Correction followed the rally and Chainlink price at the end of 2019 was just under two dollars. Though the first quarter of 2020 was volatile, Chainlink price embarked on a bull run in March and hit an all-time high of $6.51 on 8 July 2020.

Chainlink is expected to provide good returns in the long-run. An expert revealed that in 2025, Chainlink price will be around $183, seems to be more on the optimistic side. A more believable prediction suggests that LINK will be sold at around $20. As far as 2030 is concerned, it is tough to quote certain figures as the project is young. If Chainlink continues to exploit the Oracles niche, Chainlink price will be shooting up in future.

Blockchain has an issue of transmitting data to and from the outside world. This is considered a vulnerability because the data can be manipulated at the point where it meets the blockchain. Chainlink attempts to fix this by acting as a trustless source to feed-in and also to get information out of the blockchain. ChainLink uses Oracles, sources of data between the real world and blockchain to achieve this. Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017.

Chainlink is a network of purchasers who request for data and providers who share the data. Chainlink Oracles automatically feeds in the real-time data from the external world to the blockchains. Currently, Chainlink is available on Ethereum, Bitcoin and Hyperledger. LINK is the native token of the network and used to pay the providers for the data they share. Chainlink is building a bridge between the cryptocurrencies and external world to enable a seamless operation of smart contracts and transactions.