Chainlink

Halal Rating :
Comfortable
Last Price $16.38 Last updated:
Rank 16
1D Change -1.51 %
Market Cap $9.62b
Circulating supply 587,099,970
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Platform
  • DeFi
  • Oracles
  • Smart Contracts
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Avalanche Ecosystem
  • Solana Ecosystem
  • Framework Ventures Portfolio
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Cardano Ecosystem
  • Web3
  • Near Protocol Ecosystem
  • Arbitrum Ecosystem
  • Cardano
  • Injective Ecosystem
  • Optimism Ecosystem

Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API.  It aims to ensure that the external information (pricing, weather data, event outcomes, etc.) and off-chain computations (randomness, transaction automation, fair ordering, etc.) fed to on-chain smart contracts are reliable and tamper-proof.

Crypto Impact

To assign a comfort level investing in Chainlink from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Chainlink.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating