Chainlink (LINK)

Chainlink

What is Chainlink?

Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, any point of failure is eliminated, while the overall value of a smart contract that is highly secure, reliable, and trustworthy is maintained. LINK token is used for payments in Ethereum smart contracts backed on Chainlink.

What are the Chainlink advantages?

  • Connecting to any external API. Easy connectivity for smart contracts.

  • Sending payments anywhere. An option to send payments from a contract to bank accounts and payment networks (available thanks to SWIFT partnership).

  • Strong reputation. Chainlink is constantly selected by big independent research companies (like Gartner) as a leader in smart contract design and real world implementation. Also, the company works with the likes of Google to provide the secure oracles for connecting products and data.

How to store LINK coin?

Being an ERC20 token the LINK is supported by all wallets supporting Ethereum -based tokens like Trezor, MyEtherWallet, Coinomi, Exodus, Ledger — to name just a few.

How to buy LINK coin?

LINK coins are available to buy, sell and trade on multiple exchange platforms like Binance, Coinbase Pro, Huobi Global, OKEx, IDEX, Bithumb and many others. You may always check the most relevant LINK price on CoinMarketCap.

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