CandleFocus Chainlink’s Transformation: Staking and Self-Service as Key Drivers of LINK Network’s Evolution
2024-10-17
Author: Content Editor
Chainlink, a decentralized Oracle platform, is working on self-service and staking to revolutionize its network. Self-service allows Web3 developers to deploy smart contracts on EVM and non-EVM-based chains, while staking enables users to easily create their Chainlink Decentralized Oracle Networks (DONs) and data feeds. The goal is to transition Chainlink into a fully decentralized ecosystem where anyone can participate and contribute to the data economy, receiving financial incentives in return. However, the native token LINK has seen a downtrend in price, currently trading at $11.02.
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