MATIC price is currently grappling with a crucial resistance level, a breakdown of which could send it flying to a demand barrier that could trigger a reversal in the short-term downtrend. A 100% upswing to $1.727 is on the cards for Polygon.
Cryptocurrency investors in the United States would be exposed to stricter rules as the Senate aims to collect more taxes. Digital asset businesses would be required to report crypto transactions of over $10,000.
A mutual fund company has launched the first Bitcoin Strategy mutual fund. This move comes at a time when the US SEC has delayed multiple decisions on Bitcoin ETFs. ProFund aims to allow individual investors to gain ...
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.
Chainlink is a decentralized oracle network that greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
LINK tokens are the digital assets used to pay for services on the network.
Characteristics of Chainlink
Chainlink main objective was creating a blockchain that allows users to connect with real world data.
Chainlink makes it possible for users to work with off-chain data.
It offers the possibility of making payments through a contract to any payment system or banking network.
Its users can use smart contracts which includes an oracle reputation called a service level agreement. It punishes the oracles that violate network rules or provide incorrect data.
Uses an aggregation contract to collect all the off-chain oracles’ data to create a weighted aggregate response.
Differences between Chainlink and Bitcoin
Which are the main differences betweeen LINK and BTC?
LINK demand and value of the tokens is directly correlated to the number of operators that offer off-chain services to the system.
The LINK token is described by developers as an ERC-20 token, with the additional ERC-223 “transfer and call” functionality.
The LINK token sale was capped at $32 million, with a total supply of 1 billion LINK tokens.