26.382 USD
+0.85 (+3.37%)
1H
4H
1D
1W
1M

LINKUSD Key Statistics

Open price
25.2823
High today
26.835
Low today
25.1437
52 Week high
26.831
52 Week low
8.068
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
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+05:00
+05:30
+05:45
+06:00
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+12:00
+12:45
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+14:00
UTC 00:00
Symbol trading specification

About LINKUSD

LINKUSD is a trading pair that shows the value of LNK against the US dollar. The LNK coin was created as a token for the Chainlink blockchain platform, which provides connectivity between smart contracts and off-chain data sources. LINK tokens are used to reward operators for downloading and formatting data and performing calculations.

What is Chainlink?

LINK is a decentralized oracle network built on blockchain technology that provides reliable and secure connectivity between smart contracts and off-chain data sources. Oracles are the essential tools that enable smart contracts to execute based on real-world data, such as price feeds, event triggers, and other inputs. The LINK network is designed to provide decentralized and trustworthy oracles. They eliminate the risks of a single point of failure, security breaches, or other forms of manipulation.

Chainlink aims to serve various applications in various industries, including finance, insurance, gaming, supply chain, and more. The native token of the Chainlink network is LINK, which is used to pay node operators who provide data services to the network. Investors can explore how to trade LINKUSD on SimpleFX.

How does Chainlink work?

LINK is a network of oracles that allows smart contracts to use real-world data and services outside blockchain networks securely. It was created in 2017 and differed from traditional oracles by using "hybrid smart contracts" to decentralize moving data on and off blockchains.

The network uses LINK tokens to reward operators for retrieving and formatting data and performing computations. The Chainlink oracle network consists of nodes that follow specific protocols, and node operators must stake a specific number of LINK tokens. These operators set their fees based on demand for the off-chain resource they provide.

One key factor to consider when discussing the LINK decentralized oracle network is its architecture. The Chainlink blockchain employs various nodes to acquire necessary data for smart contracts, but the nodes must reach a consensus before transmitting the data to the smart contract. This eliminates the need for a single, centralized oracle and enhances decentralization. Shareholders can discover how to invest in LINKUSD on the SimpleFX platform.

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