Posted January 08, 2021
Chain Link Coin - The World’s Most Reliable Oracle Solution
Any transaction or payment is recorded in a blockchain when it is validated and met with the preapproved terms and conditions. If the transactions are complex, they need a special technical solution to deal with. In such cases, the smart contracts work. They are the pre-coded programs entered in the blockchain and run automatically when the predetermined terms and conditions are fulfilled.
Smart contracts are run by those who develop them. The versatility of smart contracts can be seen in business collaboration where huge transactions take place. To ease and streamline the complexities in these transactions in the blockchain, the chain link coins are used to streamline payments. It provides a reliable solution in streamlining any blockchain.
How Chain link connects smart contracts?
Chain link was launched in 2017 that is an intermediate blockchain that connects blockchain with off-chain applications. The entire ecosystem works on the LINK token and the LINK network. They act as a bridge between the Cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments.
Chain link coins can be stored on any Ethereum-friendly wallet. There are three types of wallet such as
- Ledger Nano S
The total supply of the LINK tokens is one Billion circulating in the market. The value of it depends upon the popularity of the ChainLink network.
Why Should You Invest In Chain Link?
There are 5 properties of chain link that attracts investors to buy Chainlink.
- Fast trading experience
- Simple easy and Intuitive
- They are secure and trusted
- It is the world’s most liquid Cryptocurrency exchange
What Can You Do With Your ChainLink?
After you buy the chain link you can:
- Hold them for the proper time to increase in value
- You can trade and sell them at the correct time
- You can use the chain link as a mode of payment to pay the operators.
- You can donate chain links if the portal allows so.
It has recorded an all-time increase in its value by $19.17 4 months ago. The current rate is $12.85. It is not only a safe investment but guarantees strong returns in future.
Where To Buy Chain Link Tokens?
These link tokens are available in various Cryptocurrency exchanges. Each of them has its trading fees along with withdrawal fees. The most popular crypto exchange is Binance where it is easy to buy and sell Cryptocurrencies. One can also download the Binance crypto trading app to buy and sell cryptocurrencies. There are other exchanges like:
- Crypto.com App
- BitBay and many more.
All you need to do is to register with these exchanges by having a free account. You have to purchase a wallet to strong your currency. Some exchanges will demand verification of your account. After verification, it will be ready to trade. Deposit some funds in the amount and buy the chain link coins on your chosen exchange.