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Chainlink is a decentralised oracle network that is poised to pave the way for practical implementations of smart contracts – that is, code that can automatically execute an agreement between parties. Before Chainlink was created, one of the biggest limitations that persisted with blockchains was the inability to mitigate vulnerabilities when connecting blockchains to real-world data. However, given that many “off-chain” forces can influence the market, there is a need for blockchain to fetch information from the “outside”. Here is where Chainlink comes in to fill the gap.
As a decentralised oracle network that was being introduced to the crypto ecosystem, Chainlink can provide smart contracts that help the system respond to a wide range of input. Although Chainlink has launched on the Ethereum (ETH) blockchain, it can work with other blockchains too.
Chainlink also has its own native token called LINK. Like many other cryptocurrencies, the supply of LINK coins is limited.
If you are looking to profit efficiently with LINK coin, analysing market movements is mandatory – and there are no better platforms to do so than on FAMEEX.
As the leading digital currency trading platform, FAMEEX provides you with daily live updates of all cryptocurrencies, including Chainlink’s LINK coin. You will be able to track real-time data such as Last Price, 24-Hour High, 24-Hour Low, 24-Hour Volume and more – reflected in both AUD and USD -.
With third-generation trading systems and bank-level control management systems, you can trade LINK on FAMEEX with peace of mind. Simply set up an account with us, and you can start tracking the prices of LINK on your dashboard.