Financial technology company SmartContract, based in the city of San Francisco, launched Chainlink, the Ethereum blockchain ERC-20, with the abbreviation LINK, in June 2017.
Chainlink is described by its developers as a secure blockchain tool that aims to provide the link between smart contracts and blockchain by allowing smart contracts to access off-chain resources such as data streams, web APIs, and traditional bank account payments.
Although Chainlink (LINK) developers have been able to significantly change smart contracts in many industries by replacing the need for traditional legal agreements, the main consensus protocols related to blockchain technology act as a bridge with non-blockchain systems as they believe that smart contracts cannot communicate effectively with other traditional systems. They say they want to see.
The Chainlink ecosystem is shaped around the LINK token and the LINK network. With the release of APIs and other platforms, developers aim to increase the applicability and usability of smart contracts in business.
The Chainlink network will allow people with a data feed or other API to offer them directly to smart contracts in exchange for Chainlink tokens. Such individuals integrate their API-based services directly into a smart contract and blockchain system in exchange for LINK tokens.
What is the Chainlink (LINK) Advantage?
The Chainlink system enables non-blockchain systems to be integrated into blockchain systems through smart contracts. The integration of the blockchain systems of the API-based services provides many advantages for API-based companies in terms of transaction security, increasing the intervention and usability by third parties.
With the developing blockchain technology, it is a difficult process in many ways for many companies and services to adapt to the blockchain system or establish their own blockchain systems. At this point, the Chainlink system enables these non-blockchain systems to adapt to blockchain systems with smart contracts.
How is Chainlink (LINK) Mining Made?
Chainlink is a non-mining cryptocurrency. The entire amount of Chainlink is produced by the company. A total of 1,000,000,000 (1 billion) units of Chainlink (LINK) will be produced. Currently, the number of Chainlink (LINK) available in the market is 350,000,000.
How to Buy Chainlink (LINK)?
In Turkey, buying LINK with Turkish Lira is a very easy and fast process, contrary to what you might think. You can buy LINK without any technical knowledge. You can easily buy LINK in three steps from our Buy LINK page on crypto exchange markets.
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