What is Chainlink? – electricPACE

Discovery Crypto //

Bitcoin

BTC

Learn about the blockchain that started it all.

BTC

Bitcoin

Price

$ 19,220.81

Change

5.01%

Marketcap

$ 356.49 B

What is Bitcoin?

By Jack J. Sheppard // September 3, 2020

Bitcoin is a peer-to-peer blockchain and its native coin, a digital currency, better know as a cryptocurrency. Bitcoin is the first successful cryptocurrency and was arguably designed and developed by a pseudo group or individual and released on October 2008 to serve as a decentralized exchange.

Bitcoin computes (in cryptocurrency is known as mined) a system of verified cryptographic transactions using the secure hash algorithm- SHA-256. It can be transferred electronically using the bitcoin network that utilizes blockchain technology which makes the transactions highly secure, transparent and global. Bitcoin’s introduction allowed for complete ownership and control of your own money.

Discovery Crypto //

Bitcoin Cash

BCH

Learn about the cryptocurrency emerged from a fork of Bitcoin.

BCH

Bitcoin Cash

Price

$ 350.18

Change

13.58%

Marketcap

$ 6.52 B

What is Bitcoin Cash?

By Jack J. Sheppard // October 14, 2020

A predecessor of Bitcoin, Bitcoin Cash was created in 2017 emerging from a fork of the original bitcoin. The value of bitcoin cash (also called Bcash) is currently at 272.61 USD. A spin-off or alt-coin created off of the original source code, the real purpose for its creation was to accommodate an increasing load off of the original bitcoin. The increasing number of transactions per second called for the creation of a ‘hard fork’ to increase the limit of the original block size. The community of bitcoin cash has maintained a common set of rules since the inception of this cryptocurrency.

Discovery Crypto //

Ripple

XRP

Learn about the blockchain that started out as OpenCoin.

XRP

XRP

Price

$ 0.676862

Change

25.96%

Marketcap

$ 30.68 B

What is Ripple XRP?

By Jack J. Sheppard // September 4, 2020

Offered by Ripple Labs Inc., a US-based Tech Company, XRP is one of the fastest-growing and most scalable digital assets. It allows its users to make real-time payments around the globe. XRP is defined as a digital payment protocol that was released in 2012. It is based upon a distributed open-source protocol that supports tokens that represent commodities, cryptocurrency, fiat currency, or other units that hold real-life value. XRP is employed by the ledger as a decentralized native cryptocurrency.

Discovery Crypto //

Tether

USDT

Learn about the stablecoin backed by the USD.

USDT

Tether

Price

$ 0.998245

Change

0.02%

Marketcap

$ 18.63 B

What is Tether USDT?

By Jack J. Sheppard // October 11, 2020

USDT offered by Tether is worth at 1 USD and ranks 4^th in the list of global cryptocurrencies. The current market capital of USDT is at 10.02 Billion USD. Viewed as a controversial cryptocurrency, the tokens for USDT are issued by Tether Ltd. that is focused on making its cryptocurrency as much internet compatible as possible. Utilizing blockchain, the company offers numerous services and allows the users to offer their services to their clientele in a number of cryptocurrencies. Tether converts cash into a digital currency that is backed by their personal reserves of international currencies and even gold. Utilizing blockchain, they claim for their services to be transparent and secure.

Discovery Crypto //

Cardano

ADA

Learn about the third generation cryptocurrency.

ADA

Cardano

Price

$ 0.169519

Change

12.85%

Marketcap

$ 5.29 B

What is Cardano ADA?

By Jack J. Sheppard // September 4, 2020

Cardano is an open-sourced blockchain platform that allows the users to make changes by providing them with the tools and technology to do so. Ada is the name of the cryptocurrency offered by Cardano that is currently worth at about 0.114 USD. The platform itself is founded on peer review research and developed further by utilizing methods that are evidence-based and combines technology pioneered to provide security and sustainability to decentralized applications and systems. Though having small value, Ada has a market capital of over 2,956,766,343 USD and ranks 11th in the long list of global cryptocurrencies. A secure and transparent system for individuals and organizations to grow.

Discovery Crypto //

Chainlink

Link

Learn about the blockchain that specializes in secure and reliable open-source oracle solutions.

LINK

Chainlink

Price

$ 15.59

Change

5.43%

Marketcap

$ 6.14 B

What is Chainlink (Link)?

By Jack J. Sheppard // October 4, 2020

The network platform of Chainlink is yet another online payment platform that operates on blockchain technology with its own digital cryptocurrency to rival the others in the market. Currently, Chainlink stands at around 15 USD. Chainlink itself is a decentralized oracle network providing smart contracts on the blockchain with real-world data. The cryptocurrency offered by Chainlink is called Link and in the global exchanges, its market capital is valued at around 6 billion USD. Chainlink allows its users to conduct digital agreements that can’t be tempered or altered utilizing blockchain that is considered highly reliable and secure. Utilizing blockchain, Links are a secure method of transferring cash and allow the users to have their investments locked safely.

Discovery Crypto //

Ethereum (Ether)

ETH

Learn about the blockchain taking on Bitcoin.

ETH

Ethereum

Price

$ 605.41

Change

2.63%

Marketcap

$ 68.94 B

What is Ethereum (Ether)?

By Jack J. Sheppard // September 4, 2020

The Ethereum blockchain was launched in 2015 as a decentralized and open-source blockchain that offers the functionality of smart contracts. The cryptocurrency (Ether) is generated for Ethereum miners as a reward for computations performed to secure the entire blockchain. Ethereum is the second-largest cryptocurrency platform in the world only next to bitcoin. It is defined as a data-friendly service that is open to all as a community-built technology that empowers the cryptocurrency Ether (ETH). Moreover, secure blockchain technology and distributed ledger is utilized to provide security to thousands of applications that we use.