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Home»Crypto»What is Chainlink (LINK)?
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What is Chainlink (LINK)?

Crypto ShoreBy Crypto ShoreDecember 25, 2021Updated:December 27, 2021No Comments2 Mins Read
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Chainlink is one of the decentralized networks of oracle in the crypto world, and it is up to date by the developers. Smart contracts are active and working on this network, and these contracts are interactive with the real world & services. Also, the main goal of Chainlink is to connect modern economies with rising blockchain technology and empower that modern technology with much better & secure technology. This will help real-world industries & businesses to be even more stable & safe.

LINK is a token that belongs to Chainlink, can be used to pay for online services on various kinds of networks with ease. In addition, Chainlink can provide any data from off-blockchains to on-blockchain smart contracts with oracles. Chainlink uses “Core” software for translating the request and validating the request without any problems.

What exactly does Chainlink provide?

Even though Chainlink offers multiple things for the future and now, the essential feature is Smart Contracts between Off-Blockchains and On-Blockchains.

Off-Blockchains are usually Fiat currencies, credit cards, and other services that don’t use blockchain and are centralized. On-Blockchain examples are NFT Marketplaces, Supply chain and logistics monitoring etc.

Smart Contract feature of LINK becomes the bridge between Off and On blockchain. Smart contracts can analyze and process the value from Off-Blockchain and convert it into On-Blockchain. Secures the process and increases the speed. This technology of LINK will be one of the important ones in the future, without a doubt.

Why should you participate in this project?

In our society, technology is rapidly increasing, and one of the most popular technologies is blockchain technology. Chainlink provides a bridge between the real-world and blockchain, helping them grow their business even more. In addition to this, blockchain brings security and speed to businesses. In the future, Chainlink will play a key role for big industries. This is why LINK is one of the investment opportunities.

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