Chainlink (LINK) has been going absolutely parabolic lately – shooting past $18 before falling down to $16.88 at the time of writing – and it is now the fifth-biggest crypto, according to CoinMarketCap.
What is Chainlink?
Its website says it is a “framework for building decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.”
Too much to process?
Charles Hayter, the CEO and co-founder of tracking platform CryptoCompare, puts it in layman’s terms: “Chainlink is at its core a means of bridging the gap between the world of blockchains and the outside world.”
It is very doubtful that Chainlink can replicate Ethereum’s stellar performance in the 2017 bull run – it rocketed from several dollars to $1,450 before it fell back to earth. That’s an extremely tough act to follow, but if it continues on its current trajectory, it will certainly be one of this cycle’s top performers.
This article first appeared on www.asiatimesfinancial.com
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