Comprehensive information about the LINK BRL (Chainlink vs. Brazil Real Binance). You will find more information by going to one of the sections on this page such as historical data, charts, converter, Technical analysis, news, and more.
Chainlink is a crypto protocol that allows blockchain protocols to communicate with data feeds in the real world. The Chainlink network is a blockchain abstraction protocol that enables smart contracts to interact with external data feeds, events and payment methods securely. With blockchains largely operating in a siloed setting, information flow is often limited. The Chainlink network provides much-needed information to smart contracts that operate on blockchain protocols. Discover more about what crypto is and how it works in our Academy.
How to buy Chainlink
You can buy Chainlink’s LINK cryptocurrency from trustworthy cryptocurrency exchanges like Kraken, Coinbase or Gemini. These platforms support many countries and offer an instant buying option. Regardless of the amount of LINK you plan to buy, make sure you transfer your LINK and store them away from the exchange. You can store your LINK on a software wallet like Exodus. If you plan to accumulate LINK long term, you can transfer your LINK to a hardware wallet like Ledger Nano X.
What does Chainlink do?
Chainlink is key to the blockchain space as it connects smart contract-enabled platforms to real-world information from off-chain sources through oracles. It allows diverse data like price feeds, supply chain management data, temperatures from smart sensors, and much other information to be easily accessible by the integrated blockchain.
How does Chainlink work?
Chainlink uses cryptography to practically guarantee security, trust, and decentralization so that blockchain protocols can access accurate information on needed data.
To enable easy access to data flow, Chainlink integrates with the host protocol. It then purchases information from many data providers, which is then streamed to the host blockchain.
Is Chainlink a ERC-20 Token?
Although Chainlink designates its LINK token as ERC-677, it is still an ERC-20 token under the hood and is used to pay node operators on the network. It is also used for deposits issued by node operators as needed by the content creators. It is fungible, meaning that one LINK is exchangeable for another.
What is Chainlink staking?
Chainlink staking entails depositing LINK tokens into a node operator, and when the validating node makes money, you get a portion of their gains minus commission. The pledged tokens are meant to secure the platform and verify transactions on the network.
What companies use Chainlink?
Blockchain protocols are the ones that leverage the data driven by the Chainlink protocol. However, Associated Press (AP) recently launched a Chainlink node to provide vetted data to the Chainlink network. The protocol’s zero-default setting makes it a top destination for many companies looking for genuine data.
How to store Chainlink
Chainlink’s LINK tokens are stored on digital wallets. You can use popular ones to store Chainlink: MyEtherWallet, Atomic Wallet, Ledger Nano S/X, Trezor, MetaMask, Coinomi, Trust Wallet, and several others.