What’s LINK (ChainLink)?

Modified on Fri, 17 Feb, 2023 at 8:59 PM

LINK is a cryptocurrency in ChainLink which is a decentralized oracle service, and the first of its kind that allows businesses to create a smart contract easier by retrieving the data from the existing Oracle Database via API, or other off-chain sources then integrate into the blockchain (put it on-chain).

The problem with smart contracts is, per their design, smart contracts can only manage data on the blockchain. Their potential, the ability to provide tamper-proof decentralized applications for uses over the world, is still largely untapped. Many smart contract programs are built on Ethereum but they still lack a bridge to the real world industries. This is where ChainLink comes in.


Interested to buy ChainLink (LINK)? Check the Market Now: https://www.bitkub.com/market/LINK  

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article