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Genesis Date

2017-09-16

Market Rank

#17

Based on Market Cap

What is Chainlink?

Chainlink is a decentralized oracle for smart contracts on any blockchain. 

An oracle is a source of off-chain, real-world data (e.g. prices or exchange rates) for a smart contract. If an oracle is centralized, it could be subject to abuse, attack, or failure that would affect how the smart contract works. Chainlink tackles this problem by enabling a decentralized oracle network.

LINK is an ERC-20 token that oracle providers must stake as an incentive to avoid malicious behavior.  

Chainlink vs Stoic

It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.

There is no guarantee that In 5 years, LINK would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of LINK might derail its progress.

Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including LINK.

Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.

The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.

Over 12,000 people already use Stoic to automate their crypto investing.

Other cryptocurrencies