Frequently asked questions
Chainlink is divisible up to eighteen decimal places, which, for most purposes, is close to infinite divisibility.
Like most digital currencies, LINK is hugely divisible, down to eighteen decimal places.
Chainlink is a decentralized network that connects off-blockchain data with on-blockchain smart contracts. Smart contracts are agreements on the blockchain that evaluate information and execute when certain conditions are met.
On exchanges, Chainlink is often referred to with a four-letter abbreviation: LINK.
This is a term which refers to every decentralised network using the protocol.
Chainlink's price is a market price determined by exchanges. It's actually pretty easy: if there are more buyers than sellers, Chalink's price will increaase.
That said, the value of the cryptocurrency also depends on the broader crypto market and the adoption of the Chainlink network: the more people use it, the more valuable it will get.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.