What Is Chainlink (LINK) and What Does Chainlink Do?

There are many decentralized projects in the cryptocurrency market. Each of them solves a specific problem. In this article we will answer the question and what are its prospects.

This project solves the problem of providing data from the outside world to smart contracts. Thanks to the advanced tools of the cryptocurrency chain link, you can be confident in the accuracy of the information used by the system to perform various tasks. The project has its own cryptocurrency LINK – a token belonging to the ERC-667 standard (implementation on Ethereum ERC-20).

The platform currency is used to pay for providing data in the project network. This encourages contract owners to provide quality information. The more efficient the work, the better the reputation, and therefore, the higher the chances of increasing Chainlink DeFi income.

Chainlink Prospects

The Chainlink cryptocurrency has been in the market for a long time, and it has a huge user community. In practice, the platform has proven its effectiveness and has taken its own place among the digital assets. Oracle Chainlink is a unique feature that distinguishes the project from its competitors.

Now that the cryptocurrency market is in decline, it is the perfect time to buy cryptocurrencies. Due to the uniqueness of the applied Chainlink smart contract technology, the coin is an excellent investment, especially in the medium and long term. The team is actively working on the project and is constantly entering into new partnerships. Now is the time to add LINK to your cryptocurrency portfolio.

Where is the best place to buy LINK?

Chainlink is a fairly popular cryptocurrency, which is why it is traded on most exchanges. The most reliable trading platforms are Binane, Coinbase, WhiteBIT, Huobi, etc. All these exchanges have sufficient liquidity and a high level of security.

WhiteBIT is the largest stock exchange in Europe. The platform is licensed and subject to the laws of the European Union. Therefore, more than 2 million users around the world choose WhiteBIT.

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