LINK (LN)

What is LINK Crypto Currency? LINK is a decentralized token built on the Ethereum blockchain by Chainlink, a blockchain project initiated by SmartContract. It acts as a bridge between two blockchains, allowing them to interact with each other and share data and value. LINK is used to pay node operators who provide data to dApps, as well as to access the Chainlink network and its solutions. The LINK token has seen quite a lot of recent growth in the crypto space, mostly driven by DeFi demand. Who Founded It? The Chainlink project was founded by Sergey Nazarov and Steve Ellis in 2014, and the LINK token was first issued in 2017 as an ERC20 token. Chainlink quickly became one of the most successful and widely used blockchain projects, backed by a top-notch list of investors and partners. What Makes It Unique? The Chainlink project, and its LINK token, are unique in the blockchain space due to the use of oracles. Oracles are the critical link between the blockchain and real-world data. By connecting the two worlds, Chainlink can provide data to dApps that would otherwise be difficult to obtain, such as pricing and currency conversion data, event data, and smart contract execution. This data is also verified and secured by the Chainlink Network, which helps to ensure that dApps are only receiving correct, secure data. Where Is It Used? The LINK token is primarily used to pay for services provided by the Chainlink Network. This includes fees for oracle services and node operators. It is also used by developers who want to build and interact with the Chainlink ecosystem. Finally, the LINK token is used by many investors and traders as a medium of speculation. Where to Buy/Sell It? The LINK token can be bought and sold on most popular cryptocurrency exchanges, including Binance, Coinbase, Kraken, and other exchanges. It can also be purchased with fiat currency or other cryptocurrencies. The LINK token can also be stored in wallets such as MetaMask, Trust Wallet, and other ERC20 compatible wallets.