Chainlink (LINK): what you need to knowChainlink (LINK): what you need to know

Chainlink is a decentralised oracle network that connects smart contracts on blockchains with real-world data. With Chainlink, developers can integrate reliable external data, payments and APIs into their applications. The native token, LINK, is used to reward node operators for providing data to the network.

Whitepaper: https://www.lcx.com/link-mica-white-paper/

Chainlink works with a network of independent oracle nodes that retrieve data from external sources and feed it to smart contracts. Using multiple nodes for the same data minimises the risk of manipulation or outages. Node operators receive LINK tokens as a reward for their work.

• Ticker: LINK

• Category: Oracle Network

• Blockchain: Ethereum (ERC-20)

• Protocol: Decentralized Oracle Network

• Year of launch: 2017

Chainlink uses cryptographic techniques and a decentralised node system to safeguard the integrity of data. The network supports different types of data such as price feeds, weather information, sports results and API integrations. Various blockchains can use Chainlink oracles, including Ethereum, Binance Smart Chain and Polygon.

The Chainlink ecosystem is growing rapidly and includes partnerships with major blockchain projects and companies. Chainlink is widely used in DeFi applications for price feeds and is increasingly expanding into enterprise applications, gaming and NFTs.

Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017. Sergey Nazarov is the CEO of SmartContract, the company that develops the Chainlink network. The project grew out of earlier work on oracle systems for smart contracts.

BTC Direct has been the European entry point to crypto since 2013. We make buying Chainlink straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your LINK is on its way within minutes.

• Your coins, your control. We do not store your LINK. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

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For more technical information about Chainlink, visit the official website.

Cryptocurrencies, including Chainlink (LINK), are volatile and carry risks. The value of LINK can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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