What is Chainlink?
Chainlink (LINK) is a decentralized network network that aims to connect smart contracts with real data. Chainlink was developed by Sergey Nazarov, of which Steve Ellis is the other co-founder.
It held an ICO in September 2017 and raised $ 32 million with a total supply of 1 billion LINK tokens. The cryptocurrency LINK, unique to the Chainlink decentralized oracle network, is used to pay node operators. A reputation system of the Chainlink network, while others, node providers who have big screen LINK may be rewarded with larger contracts, failure to provision correctly results in tokens being dropped.
Developers define LINK as an ERC20 token with the "additional ERC223 'transfer and call' cake (address, uint256, bytes), allowing tokens to be received and processed contracts in a single transaction." Following the 2017 $ 32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to promote the ecosystem, and 30 percent remained within Chainlink for development (35 percent sold in public token sale).