Blockchain Oracles for Hybrid Smart Contracts

• Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers.
• Data providers can sell access to data directly to Chainlink, thus monetizing the information they have.
• Chainlink allows users to become node operators and earn revenue.
• 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, yEarn and more.

• As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable.

• Reliable, tamper-proof network
• Seamless connection to any API
• Proven, time-tested solutions
• Transparent oracle computation

Use decentralization, trusted nodes, premium data, and cryptographic proofs to connect highly accurate and available data/APIs to any smart contract.

Build on a flexible framework that can retrieve data from any API, connect with your existing systems, and integrate with any blockchain, now and in the future.

Integrate battle-hardened and time-tested oracle solutions that secure billions of dollars in value for market-leading blockchain projects.

Independently monitor and verify Chainlink’s open-source code, the performance of its oracle networks, and the quality of individual node operators.

Chainlink greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.

During the initial coin offering (ICO) for LINK, Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens. 

According to the ICO documentation:

• 35% of the total token supply will go towards node operators and the incentivization of the ecosystem. 
• Another 35% of LINK tokens were distributed during public sale events. 
• Lastly, the remaining 30% of the total token supply was directed towards the company for the continued development of the Chainlink ecosystem and network.

Sergey Nazarov is a co-founder and CEO at Chainlink Labs.

Sergey Nazarov began his career building peer-to-peer marketplaces, going on to the investment team at FirstMark Capital. He joined the cryptocurrency revolution in 2011, and believes it has the ability to change the way societies distribute wealth, enforce contracts, and share critical information with their citizens.

Chainlink and the LINK token are among the most popular cryptocurrencies on the market. Considering this, a lot of exchanges have pushed to start offering trades in LINK. One top exchange to buy Chainlink is Binance.

Other exchanges offering trades in LINK include:

• Huobi Global
• Coinbase Pro
• Gate.io
• Kraken

Note - I also extracted some ideas and information from coinmarketcap.com

Don’t Risk More Than You Can Afford to Lose!