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Chainlink FAQ
What is Chainlink?
Chainlink (LINK) is a decentralized oracle network which operates within the Ethereum ecosystem. It connects smart contracts with real-world data. The project was developed by Sergey Nazarov and Steve Ellis.
How can I buy Chainlink LINK coin?
Use only trusted exchanges like Binance, Coinbase, OKX, or Kraken. A licensed on-ramp itez service is another nice option to buy Chainlink via bank card for fiat.
Is Chainlink LINK coin a good investment?
As with any investment, it’s important to do your own research and consider all the risks. Lately, LINK's been doing really great. The project has partnered with such big players like Australia and New Zealand Banking Group (ANZ), BNP Paribas, BNY Mellon, Citigroup, and Lloyds Banking Group. Together, they are working on tokenizing real-world assets (RWA), which seems to be perspective and gains more attention to Chainlink.
How does Chainlink LINK coin differ from other cryptocurrencies?
The main goal of LINK is to enable blockchain platforms to safely interact with outer data. It makes digital agreements smarter and more reliable.
Can I mine Chainlink LINK coin?
No, LINK cannot be mined as doesn't employ the Proof-of-Work (PoW) consensus mechanism. Instead, it operates on the Proof-of-Stake (PoS) one.
Who created Chainlink LINK coin?
LINK was developed by a Russian entrepreneur Sergey Nazarov and a software engineer Steve Ellis.