Convert and Swap Chainlink LINK to Indian Rupee INR
LINK/INR: 1 Chainlink equals ₹1,875.41 INR
Last update: 7:13 PM, December 22, 2024
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Chainlink is falling this week.
The current price of Chainlink is ₹1,875.41 per LINK. With a circulating supply of 638,099,970.453 LINK, it means that Chainlink has a total market cap of ₹1,206,297,365,272.51. The amount of Chainlink traded has fallen by ₹27,519,022,381.95 in the last 24 hours, which is a 40.89% decrease. Additionally, in the last day, ₹67,297,288,409.63 worth of LINK has been traded.
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About Chainlink
Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
Chainlink (LINK) is a decentralized oracle network that aims to bridge the gap between smart contracts on the blockchain and real-world applications. Launched in 2017, Chainlink strives to provide smart contracts with secure and reliable data feeds, enabling them to interact with off-chain data, events, and payment methods. This functionality is crucial for complex smart contracts to become a widely accepted form of digital agreement. Chainlink's network is powered by a diverse community of data providers, node operators, smart contract developers, and more, all contributing to the network's decentralized nature.
Chainlink operates by utilizing a network of decentralized oracle nodes. These nodes collect data from off-chain sources and convert it into a format that can be understood and utilized by smart contracts on the blockchain. Chainlink's unique design allows it to interact with any API, making it possible for smart contracts to access a wide range of real-world data. Additionally, Chainlink introduces a system of rewards and penalties for node operators, incentivizing them to provide accurate and reliable data. This system, known as LINK staking, aims to enhance the network's security and reliability.
Chainlink's ability to provide smart contracts with secure access to off-chain data opens up a wide range of potential use cases. For instance, it can be used in decentralized finance (DeFi) applications to provide accurate and up-to-date price feeds, enabling the creation of stablecoins, lending platforms, and other financial products. Chainlink can also be used in insurance contracts that payout based on real-world events, such as weather data. Furthermore, it can enable blockchain-based gaming platforms to incorporate real-world randomness into their games, creating a more immersive and unpredictable gaming experience.
Chainlink was co-founded by Sergey Nazarov and Steve Ellis in 2017. Prior to Chainlink, Nazarov co-founded several tech companies, including a decentralized email service called CryptaMail and a peer-to-peer marketplace called ExistLocal. Ellis, on the other hand, worked as a software engineer at Pivotal Labs before co-founding Secure Asset Exchange, a company that facilitated easy web access to a decentralized asset exchange. The idea for Chainlink was born out of their previous venture, SmartContract, a platform that aimed to connect smart contracts to external data and bank payments. Since its inception, Chainlink has grown significantly and has established partnerships with numerous data providers and blockchain projects.
How Chainlink and Indian Rupee differ
Chainlink (LINK) and the Indian Rupee (INR) are two distinct forms of value exchange, each with its unique characteristics. Chainlink is a decentralized oracle network that aims to connect smart contracts on the blockchain with real-world applications. It operates through a network of decentralized oracle nodes that collect data from off-chain sources and convert it into a format that smart contracts can understand and utilize. This functionality allows smart contracts to interact with a wide range of real-world data, opening up potential use cases in decentralized finance (DeFi) applications, insurance contracts, and blockchain-based gaming platforms. On the other hand, the Indian Rupee is a traditional fiat currency issued and regulated by the Reserve Bank of India. It is used for all types of transactions within India, from buying groceries to paying taxes. Unlike Chainlink, the value of the Indian Rupee is not determined by a decentralized network of participants but by the economic policies of the Indian government and international foreign exchange markets. While Chainlink seeks to enhance the blockchain space by providing secure access to off-chain data, the Indian Rupee serves as a medium of exchange, store of value, and unit of account within the Indian economy.
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LINK to Indian Rupee conversion tables
The exchange rate of Chainlink is decreasing.
The current value of 1 LINK is ₹1,875.41 INR. In other words, to buy 5 Chainlink, it would cost you ₹9,377.03 INR. Inversely, ₹1.00 INR would allow you to trade for 0.000533 LINK while ₹50.00 INR would convert to 0.026661 LINK, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22.97%. Meanwhile, in the last 24 hours, the rate has changed by 2.74%, and that the the highest exchange rate of 1 LINK to Indian Rupee was ₹1,934.92 INR and the lowest 24 hour value was 1 LINK for ₹1,828.47 INR. This time last month, the value of 1 LINK was ₹1,283.23 INR, which is a 45.69% decrease from where it is now. Looking back a year, Chainlink has changed by ₹1,290.28 INR.
LINK to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹1,934.92 INR | -2.74% | ₹2,452.90 INR | -22.97% | ₹1,283.23 INR | 45.69% | ₹1,290.28 INR | 42.87% |
LINK to INR
Amount | Today at 7:13 pm |
|---|---|
0.5 LINK | ₹937.70 |
1 LINK | ₹1,875.41 |
5 LINK | ₹9,377.03 |
10 LINK | ₹18,754.05 |
50 LINK | ₹93,770.26 |
100 LINK | ₹187,540.53 |
500 LINK | ₹937,702.65 |
1,000 LINK | ₹1,875,405.30 |
INR to LINK
Amount | Today at 7:13 pm |
|---|---|
0.5 INR | 0.000267 LINK |
1 INR | 0.000533 LINK |
5 INR | 0.0027 LINK |
10 INR | 0.0053 LINK |
50 INR | 0.0267 LINK |
100 INR | 0.0533 LINK |
500 INR | 0.27 LINK |
1,000 INR | 0.53 LINK |
Today vs. 24 hours ago
Amount | Today at 7:13 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LINK | ₹937.70 | ₹965.10 | -2.84% |
1 LINK | ₹1,875.41 | ₹1,930.19 | -2.84% |
5 LINK | ₹9,377.03 | ₹9,650.95 | -2.84% |
10 LINK | ₹18,754.05 | ₹19,301.90 | -2.84% |
50 LINK | ₹93,770.26 | ₹96,509.52 | -2.84% |
100 LINK | ₹187,540.53 | ₹193,019.04 | -2.84% |
500 LINK | ₹937,702.65 | ₹965,095.21 | -2.84% |
1,000 LINK | ₹1,875,405.30 | ₹1,930,190.42 | -2.84% |
Today vs. 1 month ago
Amount | Today at 7:13 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LINK | ₹937.70 | ₹643.91 | +45.63% |
1 LINK | ₹1,875.41 | ₹1,287.81 | +45.63% |
5 LINK | ₹9,377.03 | ₹6,439.05 | +45.63% |
10 LINK | ₹18,754.05 | ₹12,878.11 | +45.63% |
50 LINK | ₹93,770.26 | ₹64,390.53 | +45.63% |
100 LINK | ₹187,540.53 | ₹128,781.05 | +45.63% |
500 LINK | ₹937,702.65 | ₹643,905.25 | +45.63% |
1,000 LINK | ₹1,875,405.30 | ₹1,287,810.51 | +45.63% |
Today vs. 1 year ago
Amount | Today at 7:13 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LINK | ₹937.70 | ₹656.49 | +42.84% |
1 LINK | ₹1,875.41 | ₹1,312.98 | +42.84% |
5 LINK | ₹9,377.03 | ₹6,564.89 | +42.84% |
10 LINK | ₹18,754.05 | ₹13,129.79 | +42.84% |
50 LINK | ₹93,770.26 | ₹65,648.93 | +42.84% |
100 LINK | ₹187,540.53 | ₹131,297.86 | +42.84% |
500 LINK | ₹937,702.65 | ₹656,489.31 | +42.84% |
1,000 LINK | ₹1,875,405.30 | ₹1,312,978.61 | +42.84% |
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