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What happens when you cross real-world data and smart contracts? You get the revolutionary Chainlink technology. Chainlink is a token that aims to resolve and innovate the cryptocurrency industry, but does this make it a smart investment opportunity or a store of value? Let's dive deeper into the world of Chainlink to learn more.
In 2017, Sergey Nazarov launched Chainlink and its digital currency, LINK. Chainlink maintains a decentralized oracle network, and its cryptocurrency provides real-world data to blockchains and smart contracts. In addition, the system powers hybrid pre-specified agreements and facilitates access to off-chain data and computations.
It should be noted that Chainlink does not operate its own blockchain, and the token can function on many different blockchains at the same time.
The LINK cryptocurrency possesses a supply limit of one billion and is linked to Ethereum. LINK is used to incentivize users to extend and use the off-chain data. The virtual currency also covers the costs of executing smart contract transactions on the Chainlink network. The 15th-largest cryptocurrency can be bought and sold for fiat currency and other digital currencies.
Developers are attempting to attract other tech-savvy individuals to hop on the Chainlink bandwagon by providing free blockchain development training and writing Ethereum-based smart contracts.
Put simply, Chainlink is a critical component for the decentralized finance (DeFi) movement. Are you interested in joining a cryptocurrency on the rise? Perhaps now is the time to take that leap!
How to Buy and Sell Chainlink with Bitbuy
So, where do novice and seasoned crypto enthusiasts go to purchase Chainlink? Bitbuy has you covered for all your Chainlink and other crypto needs. Unsure how to buy, sell, and trade the digital currency? Here is a step-by-step rundown of the process:
- Open an account on the Bitbuy trading platform by providing your email address and telephone number, then verifying your identity.
- As soon as we’ve verified your identity, you can deposit funds to your Bitbuy account. You can transfer money to your account by either using an Interac e-Transfer or a bank wire.
- Select the fiat currency of your choosing, then decide on which cryptocurrency you want to purchase: choose from chainlink, bitcoin, litecoin, and so much more!
You can start buying, selling, and trading crypto with as little as $100 in your account.
Sound too easy? That’s because it is! Bitbuy is proudly taking the mystery out of cryptocurrency by providing an easy-to-use, accessible trading platform, suitable for everyone – from the novice crypto-enthusiast to the eager beginner trader!
It might seem like it is too late for many investors and avid crypto users to get in on the ground floor of many of the most popular cryptocurrencies today. But among the thousands of cryptos available today, there is abundance of opportunities waiting to be explored. Chainlink is one of these cryptocurrencies that attempts to innovate and solve, making it a smart investment for crypto traders looking to diversify or support an important technology. Get started today!