Chainlink (LINK)

What is Chainlink ?

‍ Chainlink is a decentralized oracle technology platform that allows smart contracts to access off-chain data. It provides a safe and reliable way for smart contracts to interact with external data feeds, such as price feeds and APIs. Chainlink is renowned for strong security and has partnerships with major companies such as Google and Oracle. The Chainlink Network is supported by a open-source community of developers, security auditors, talented researchers and more. Chainlink native token is LINK.

Who are the founders of Chainlink ?

‍ Chainlink (LINK) was founded by Sergey Nazarov and Steve Ellis, and it quickly gained popularity due to its ability to provide a safe and secure way for smart contracts to interact with external data sources. In 2020, the value of LINK soared due to increased demand for decentralized finance (DeFi) applications. In 2021, Chainlink announced partnerships with major companies such as Google, Oracle, and SWIFT.

What makes Chainlink unique?

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Chainlink is a cutting-edge decentralized oracle network that provides smart contracts with access to off-chain data and resources, making them more powerful and versatile. It uses a network of independent, security-reviewed node operators to provide tamper-proof and reliable data feeds to smart contracts, ensuring that the data used in the contracts is accurate and trustworthy.

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“Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society.” - Eric Schmidt

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How to buy Chainlink ?

‍ 1.Set up a cryptocurrency wallet: A cryptocurrency wallet is a digital wallet that allows you to store, send, and receive cryptocurrencies. There are many different types of cryptocurrency wallets to choose from, including software wallets, mobile wallets, and hardware wallets.

2.Choose a decentralized exchange: A decentralized exchange (DEX) is a platform for buying, selling, and trading cryptocurrencies that does not rely on a central authority. Some popular DEXes include Uniswap, Kyber Network, and 0x. Or you can use a DEX aggregator like Arken Finance

Connect your wallet to the decentralized exchange: To buy LINK token using a DEX, you will need to connect your wallet to the exchange. This can typically be done using a browser extension such as MetaMask or a mobile wallet app such as Trust Wallet.

Deposit funds: Once you have connected your wallet to the DEX, you will need to deposit funds into the exchange. This can typically be done by sending cryptocurrency from your wallet to the DEX.

Buy the cryptocurrency Chainlink (LINK): Once you have funds available on the DEX, you can use the exchange's trading interface to buy the cryptocurrency you want. You will need to specify the amount of Chainlink (LINK) you want to buy, as well as the price you are willing to pay.

Transfer the cryptocurrency to your wallet: After you have purchased any cryptocurrencies, it is a good idea to transfer it to your own wallet for safekeeping. This will help protect your funds in the event that the DEX experiences technical problems or is hacked.