Chainlink (LINK) PKR Price

Chainlink Price Data

Chainlink (LINK) currently has a price of ₨3.4k and is down -11.99% over the last 24 hours. The cryptocurrency is ranked 23 with a market cap of ₨2.4T. Over the last 24 hours, it saw ₨374.3B of trading volume. The token has a circulating supply of 696.8M tokens out of a total supply of 1B tokens.

Chainlink (LINK) is an oracle network that connects blockchains to external data, other blockchains, and offchain systems. It is already widely adopted by major financial institutions, national governments, and top DeFi protocols.

Unique features of Chainlink:

The Chainlink data standard includes tools like Data Feeds and Data Streams, which are used to provide:

• Financial data for DeFi applications,

• Proof-of-reserve and valuation data for tokenized assets,

• Identity and compliance data for institutions,

• General-purpose data access for decentralized applications.

The Chainlink interoperability standard, powered by the Cross-Chain Interoperability Protocol (CCIP), supports data and value transfer across both public and private blockchains, and between blockchains and external systems like banks and government infrastructure. CCIP secures tens of billions of dollars in asset value and has enabled the transfer of billions of dollars in cross-chain value. 

The Chainlink Runtime Environment (CRE) enables developers to build applications that integrate data, blockchains, legacy systems, and offchain computation into a unified application. CRE supports modularity, making it easier to update application connections without modifying the core logic."

When was Chainlink created or founded?

Chainlink was created in 2017. It was founded as a decentralized oracle network on the Ethereum blockchain. The idea behind Chainlink was to create a secure and reliable way to connect smart contracts on the blockchain with real-world data and off-chain resources. The project gained a lot of attention and quickly became one of the leading oracle solutions in the cryptocurrency space.

Who are the founders of Chainlink?

The founders of Chainlink are Sergey Nazarov and Steve Ellis. Nazarov is a technology entrepreneur with a background in computer science and finance. He has been involved in the blockchain industry since its early days and has a deep understanding of smart contracts and decentralized applications. Ellis, on the other hand, has a background in software engineering and has worked on various blockchain projects before co-founding Chainlink. Sergey Nazarov co-founded SmartContract.com, the company behind Chainlink, in 2014. This was a significant milestone as it laid the foundation for the development of Chainlink.

Nazarov recognized the need for a secure and reliable way to connect smart contracts with real-world data and external APIs, which led to the creation of Chainlink. Chainlink conducted an Initial Coin Offering (ICO) in September 2017, raising approximately $32 million. This ICO played a crucial role in funding the development and growth of the project. The funds raised allowed Chainlink to expand its team and establish partnerships.