Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Chainlink (LINK) is a decentralized network that operates on the Ethereum (ETH) blockchain. It is powered by a network of nodes, called oracles, that provides real-world data to smart contracts on the blockchain.
The network’s native token, LINK, is used to incentivize oracles to provide accurate data and to reward node operators. In addition, LINK is also used to govern the network and finance its growth.Read Price Prediction for Chainlink [LINK] for 2023-24 The value of LINK is largely determined by the use cases of the decentralized oracle network.
The more nodes that secure the network, the higher the demand for LINK tokens. With a maximum supply of 1 billion tokens, the token has shown tremendous growth since its launch in 2017.Read more on ambcrypto.com