The Chainlink (LINK) token. LINK is an ERC-20 token with the additional ERC223 “transfer and call” functionality. It allows the tokens to be processed and received by smart contracts within a single transaction.
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The LINK token is an ERC677 token that inherits functionality from the ERC20 token standard and allows token transfers to contain a data payload. It is used to pay node operators for retrieving data for smart contracts and also for deposits placed by node operators as required by contract creators .
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Link is an ERC-20 token based on the Ethereum blockchain.
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LINK-ETH – Chainlink ETH.
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Chainlink’s historical performance The token also has a 24-hour trading volume of over $1 billion, which is impressive considering that it has only been around for about three years. Given all these metrics, Chainlink is ranked as the #22 most valuable cryptocurrency, with a 0.37% or so market dominance .
Read moreWhat is the purpose of link coin?
Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains . If you’re unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met.
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