Is Chainlink an Ethereum?

At present, ChainLink only interfaces with Smart Contracts on the Ethereum blockchain , but it aims to work with multiple networks in the future. As Link is an Ethereum ERC20 token, you can manage Link using Ledger Live and the Ethereum app on your Ledger hardware wallet.

Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.

The Chainlink ecosystem is built around the LINK network and LINK token. Initially, Chainlink solutions are built on Ethereum blockchain , but the company intends to support all major smart contract chains.

Chainlink is a decentralized oracle network, while Ethereum is a blockchain platform for developers to build applications on . In terms of market cap, Ethereum is 32 times larger. The potential ROI of investing in Chainlink is higher, but the decreased risk makes investing in Ethereum favorable.