What is Chainlink?

Chainlink is a blockchain middleware that plans to link smart contracts with reliable data from off-chain assets like stock exchanges. This platform makes smart contracts to gain entry to information feeds, system programming interfaces (APIs) and financial institution payment network that function out of the blockchain facilities. The primary base of Chainlink’s platform is the Link token and network.

Chainlink wants to drive a network by a large open-source community of data providers, smart contract developers, and more. Moreover, the company ensures decentralized participation for all node operators and users looking to contribute to the network.

Why is Chainlink popular?

This network is the first platform in the market to enable the integration of off-chain data into smart contracts. Moreover, Chainlink is one of the most trusted platforms in the data processing field among its other competitors. Because of its effective step to allow integration of off-chain data, hundreds of users such as Brave new coin are attracting to the network. Numerous data providers sell access to significant data straight to Chainlink, thus monetizing the information they have. Chainlink enables coin holders to become node operators and earn profits by running critical data infrastructure required for blockchains’ success.

Chainlink utilizes an extensive collection of node operators to power a comprehensive range of decentralized Price Feed oracle networks live in production. The reason is to secure billions in value for leading Defi applications like Synthetix, Aave, yEarn and more.

Markets for Link tokens

The Link coins are available at numerous exchanges and trading markets. However the most active market that is trading in this stable yet profit earning cryptocurrency is Binance. Other than Binance various other popular exchanges such as Huobi Global, Coinbase Pro, Gate.io, Kraken and many more are also offering this popular cryptocurrency.