Chainlink CFD History
Chainlink was created in 2014, though it didn't launch until 2017. Its founder is Sergey Nazarov, a 32-year-old entrepreneur with a major crypto market presence. Originally, the Chainlink network was designed to be a centralised oracle system to verify incoming information.
How Does Chainlink Work?
Chainlink is a decentralised network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. This process, along with extra secure hardware, eliminates the reliability issues if using only a single centralised source.
Is Chainlink Good for Trading?
In 2019, Chainlink’s YTD performance exceeded 1,000% in profits. Chainlink outperformed Cardano, Ripple, and Zilliqa. In 2020, Chainlink started at $1.80 (USD) and reached an all-time high of $52.70 (USD) the next year. The same year, Chainlink was one of the best performing cryptocurrencies of 2020.
Chainlink CFD News
Chainlink integrations feed into thοusands οf DeFi applications, with the prοtocol becοming the second mοst value-securing form of decentralised consensus across the DeFi economy. In mid-December, chainlink’s native token, LINK, experienced a price reversal from a previous low of $17.73 (USD) to $19.91 (USD) in December 2021. The LINK price has been on the uptrend ever since.
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Source - database | Page ID - 5434