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Lendvest is redefining on-chain lending data to craft a verifiable DeFi credit score. With Chainlink’s backing, Lendvest aspires to be the top decentralized credit scoring protocol, aiming to help decentralized lending platforms smartly assess individual user risks, ensuring optimal benefits for both platforms and users. Recognized as the industry benchmark in the Web3 realm, Chainlink has played a pivotal role in transactions amounting to trillions across sectors like DeFi, insurance, gaming, and NFTs. As a pioneering decentralized oracle network, Chainlink paves the way for developers to craft feature-rich Web3 applications and offers enterprises a universal bridge to all blockchains. Similarly, LINK holders that do not run their own node can participate in staking by delegating their tokens to a trusted node operator. In 2014, he also co-founded CryptaMail, a completely decentralized, blockchain-based email service.

• Lendvest is trailblazing the DeFi landscape by formulating a decentralized credit score system.
• To see all exchange delays and terms of use please see Barchart’s disclaimer.
• Deposit crypto to our exchange and trade with deep liquidity and low fees.
• With LINK staking, Chainlink intends to bring a new layer of “crypto economic” security to the oracle network.
• PoS models are becoming increasingly popular as they need less electrical power and are easily scalable.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. The developers of Chainlink hope that the introduction of this crypto-economic security should make the cost of attacking the network’s price oracle greater than the potential profits an attack would generate. This is a similar gamification strategy that blockchain networks, like Bitcoin and Ethereum, depend on. Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts.

Total Supply

Santiment’s data revealed a significant surge in Chainlink’s GitHub development activity during the summer months. In the crypto sector, Chainlink[LINK] has been known for its high number of collaborations with different types of companies in the space. With an increasing array of oracles and services to provide, Chainlink has shown growth across various verticals. Chainlink’s price today is US$7.55, with a 24-hour trading volume of $154.26 M. LINK is +0.00% in the last 24 hours.LINK has a circulating supply of 538.1 M LINK and a max supply of 1 B LINK.

• With many trusted partners, Chainlink is one of the major players in the data processing field.
• While PoW has proven itself a reliable consensus mechanism, Ethereum and all other ERC-20 tokens have been growing rapidly and setting the trend in the space.
• Maker price left a mark on the investors after charting respectable growth last month.
• This helps you measure the return on investment (ROI) of ChainLink (LINK) .

With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi. Data providers can sell access to data directly to Chainlink, thus monetizing the information they have. If you are looking to find the best exchange rate to convert Chainlink to BTC, you can try searching our list of cryptocurrency trading platforms, which includes 47 exchanges that list the LINK/BTC trading pair.

Chainlink news

It fetches the historical ChainLink price from the database and compares with current ChainLink Price and calculate the profit or loss made on it. And I think if you look at the last five years, there’s a lot of noise that’s basically been created by tokens, where the incentives for developers and the incentives for users have been perverted. And rather than saying, Hey, we’re using this thing, because it’s the best product, it’s no, we’re using the same because we got X million-dollar grant or we got paid Y dollars for every action.

“Mining rewards are not directly tied to market demand and other macroeconomic factors, including a rising interest rate environment, could deter investors from buying bitcoin.” Lendvest is trailblazing the DeFi landscape by formulating a decentralized credit score system. The lack of a concrete credit score model in the crypto domain sparked Lendvest’s innovation. With the integration of Chainlink’s robust cross-chain infrastructure, Lendvest can offer users a convenient method to inquire about credit scores on one blockchain and transmit the results to another.

Chainlink (blockchain)

Chainlink price is one of the few altcoins to observe any gains at the moment, and the likely reason behind this is its dissociation with Bitcoin. However, the rise noted might be threatened as investors seem to be changing their motive from token accumulation to profit-taking. Additionally, this LINK DCA crypto calculator may also take into account bytecoin price prediction the value of any additional investments that you have made using other cryptocurrencies or traditional assets. These investments would be added to the total value of your portfolio, along with the value of your Chainlink investments. PoS protocols were created with the idea to battle the vast power consumption required by PoW systems.

In 2014, Nazarov teamed up with Steve Ellis and launched SmartContract, a platform that brings smart contracts to life by connecting them to external data and widely accepted bank payments. SmartContract was one of the entrepreneurial ventures that led Sergey Nazarov to the founding of Chainlink. The live Chainlink price today is $7.55 USD with a 24-hour trading volume of $154,261,158 USD. The current CoinMarketCap ranking is #20, with a live market cap of $4,063,485,502 USD. According to the ICO documentation, 35% of the total token supply will go towards node operators and the incentivization of the ecosystem.

What does the 1 LINK to BTC rate mean?

Fundstrat, meanwhile, published a note to clients at the end of July that said bitcoin could actually hit $180,000 before the next halving, largely on the back of momentum from a potential crypto ETF from BlackRock. As a result, the cryptocurrency rose to secure a position among the top 5 most actively developed assets within the space. This increase in development signified growing attention and efforts being directed toward Chainlink’s advancement and innovation. Along with the rise in collaborations, there was also a surge in development activity on its network.

AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Buy, sell, and convert cryptocurrency into real world utility and have more control over your money than ever before. To check Chainlink’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Weiss Research, an investment research firm that rates cryptocurrencies, has given Chainlink an overall rating of “B”, a technology and adoption rating of “B+”, and a market performance rating of “D+”.

Lastly, the remaining 30% of the total token supply was directed towards the company for the continued development of the Chainlink ecosystem and network. DC FORECASTS Chainlink calculator converts fiat to Chainlink in real time. So you can check the
current rates, plan your investment, and make your purchase, all in one place. Please note that technical indicators don’t provide a full representation of what’s happening in the cryptocurrency market.

The author has not received compensation for writing this article, other than from FXStreet. Any easing of monetary policy to come, according to Kelly, could provide a further boost for crypto. The rebound has coincided with historic interest rate hikes from the Federal Reserve, as well as a series of bank failures that began with Silicon Valley Bank. In the 12 months before each of the last three halvings, bitcoin has climbed 385%, 142%, and 17%, respectively. Each of the past three halvings correlated with new all-time highs hit within 12 months.

The information provided on this website and any of its subdomains does not constitute investment, trading or financial advice. Any access to constitutes full understanding and acceptance without reserve that you are using any and all information available here at your own risk. To invest in Chainlink, you will need to find a reputable and reliable cryptocurrency platform or exchange that offers Chainlink trading. Overall, the portfolio value in this LINK DCA crypto calculator is an important metric that can help you to track the performance of your investments and see how your portfolio is growing over time. By regularly monitoring the portfolio value, you can make more informed and disciplined investment decisions, and improve your chances of success in the volatile world of cryptocurrency. As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism.

The Chainlink price at ICO was $0.11 and a total of 350 million LINK tokens were sold. The participation of community members in staking will further incentivize node operators to remain honest. Participants will be able to choose where to delegate their stake through reputation scores given to node operators that consistently provide valid data feeds. Chainlink is currently n/a and Bitcoin n/a, which suggests that now is a neutral time to exchange LINK for BTC.