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CoinWind Academy Series: 3 Minutes to Know $LINK

The need to solve a pre-existing issue the real world is facing has led to an increase in the birth of some project that aims to tackle real life issue thereby having real and practical application. A platform that will thus bridge the gap between blockchain technology and real world application was thus needed.

WHAT IS CHAINLINK ($LINK)?

Chainlink is a decentralized oracle network aiming to connect smart contracts from blockchain technology with data from the real world. It has a cryptocurrency token known as LINK which is used to pay node operators. This comes good as the number of LINK a node operator possesses will translate to the number of large contracts he will be rewarded with.

For Chainlink, the oracles function as data feeds used in smart contracts which are connected to the Ethereum network. Node operators using the Chainlink network are incentivized to provide smart contracts with access to external data feeds.

WHY IS CHAINLINK PREFERRED?

The reliable network Chainlink runs on, being decentralised, the use of trusted nodes means accurate data are available and can be connected to any smart contract.

It is equally a sought after owing to its seamless connection to any API as it built on a flexible framework that allows this.

Above all, it runs/uses (on) a transparent oracle computation.

$LINK TOKEN USAGE

* LINK serves as a payment to the node operators on Chainlink.

* It is also used for staking by node operators to stake on the network.

* Being built on the Ethereum network means it can be exchanged for fiat currency or any cryptocurrency.

WHERE TO BUY $LINK

1. MXC.com: https://www.mxc.com/trade/easy#LINK_USDT

2. Gate.io: https://www.gate.io/trade/link_usdt

3. Mdex: https://mdex.com/trade/link_usdt

SOCIAL MEDIA CHANNEL

  1. Twitter: https://twitter.com/chainlink
  2. Telegram: https://t.me/chainlinkofficial
  3. Website: https://chain.link

Stake $LINK on CoinWind, to earn with great APY

https://www.coinwind.com/vault

· CoinWind Website (Start Mining)

· CoinWind Twitter and Telegram Channel (For the latest news)

· CoinWind Telegram Community

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