The cryptocurrency market offers hundreds of different digital assets created for various purposes. Some coins are used for buying goods and services, while others facilitate money transfers worldwide; some tokens are used exclusively within platforms, in blockchain games, etc.
When making up your investment portfolio, it is crucial to diversify it. That means buying popular and liquid crypto assets, such as Bitcoin, and less popular yet promising coins, for example, Chainlink crypto.
Chainlink is a cryptocurrency project that provides the connection between real-sector companies and popular blockchains (Ethereum, Solana, etc.). Due to smart contacts, companies can securely transfer data and currencies worldwide at low fees.
Chainlink is a decentralized Ethereum blockchain oracle network. The network is designed to be used to simplify the movement of tamper-proof data from off-chain sources to on-chain smart contracts.
Its creators believe it may be used to verify if the parameters of a smart contract are met in a way that is independent of any of the contract’s stakeholders by connecting the contract directly to real-world data, events, payments, and other inputs.
The Chainlink crypto was developed on top of the Ethereum network, and it participates in smart contracts execution within the platform.
Such projects as Chainlink have gained momentum, expanding the adoption of cryptocurrencies and blockchain all around the world and allowing real-sector firms to facilitate their business processes through blockchain technologies.
The decentralized oracle network of Chainlink is an open-source technology infrastructure that enables any blockchain to safely connect to off-chain data and compute resources. To execute smart contracts, network nodes fetch, validate, and deliver data from numerous sources onto blockchains.
Chainlink can be used for a variety of off-chain calculation functions, including a verified random function (VRF) and data feeds, in addition to transferring external information to a blockchain. The data streams were utilized to transfer election data onto the blockchain.
Chainlink’s VRF can be used to generate random numbers, which can then be used in decentralized gaming. According to ZDNet, the verifiability of random number generation assures that the in-game results are tamper-proof.
Where Can I Buy Chainlink?
You can buy Chainlink crypto on the WhiteBIT exchange. If you have not got any coins yet, follow these steps:
- Register on the platform.
- Pass the KYC verification.
- Attack your bank card and moe the needed amount of fiat to your account.
- Click “Trade” and pick LINK coin.
- Pay the transaction fee and receive Link coins to your account.
As of late October 2022, the LINK USDT pair is tarded at $6.92, which means the price of Chainlink crypto in dollar equivalent (USDT is a stablecoin pegged to the US dollar). The Chainlink rate dropped since the overall market collapse in the spring of 2022. So now many investors think about buying some cheap crypto coins and holding them long term with the purpose of multiplying their investments when the market trend changes. And they often choose such technologically rich assets with application scope and chances that it will be widespread.