Chainlink (LINK)
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Chainlink (LINK) is a decentralized network of nodes that provides data and information from off-blockchain sources to on-blockchain smart contracts via oracles. It serves as a bridge between blockchain and non-blockchain technologies. For example, linking smart contracts with data feeds, traditional bank accounts, and web APIs.

Meanwhile, LINK is an ERC20 token running on the Ethereum platform which is used to pay Chainlink Node Operators when making transactions. This payment is in the form of taking or giving data from off-chain to the blockchain.

In general, it is similar to platforms like the App Store or Google Play Store which are middleware. The App Store provides services for various parties to sell their applications within the App Store itself. The benefits obtained by the Appstore come from all the applications listed in it.
For Chainlink itself, the profits obtained are not in the form of cash or from the mining process, but in LINK tokens. Users who wish to purchase data through Chainlink must use the LINK token as payment. This crypto asset that was present in 2014 was the brainchild of Sergey Nazarov as CEO and Steve Ellis as CTO.

The Chainlink company is known for providing its technology to global technology and payments giants like Google and SWIFT. Chainlink also launched an Ethereum-based mainnet in June 2019, bringing the industry one step closer to solving the Oracle Problem.

Not only that, Google also said that they could use Chainlink technology to bridge the gap between BigQuery cloud services and Ethereum contracts.

Until this video was made, there have been 350 million LINKs circulating in the world and up to 1 billion LINKs have been announced. Although LINK cannot be obtained through mining, however, Indodax is here as a place for traders who want to have LINK easily and quickly.

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