Blockchain data provider Chainlink launches its original token, LINK Staking

Chainlink, a provider of blockchain price streams and other data, has implemented an initial LINK token investment into its network to  keep the protocol secure. 

 Chainlink Staking v0.1 allows people to earn rewards, making the protocol  more secure. To do so, contributors must "bind LINK tokens to smart contracts to support certain performance guarantees of Oracle services," Chainlink said in a blog post. 

This first stage of Chainlink staking will help secure data streams. Staking allows us to scale the system by creating incentives that allow the system to grow,” Chainlink founder Sergei Nazarov said in an interview with CoinDesk. 
 The Chainlink network  enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking lays the foundation for what the company calls Economy 2.0, its view that the protocol will expand and become more efficient by providing the right incentives, Nazarov said,  which is essential as the network expands. 

 The company has been busy lately. In September, it announced that it was partnering with SWIFT, a bank-to-bank communication system that enables cross-border payments, so that its network can communicate between all blockchain platforms. In the same month,

 the Chainlink Build program was also launched, which aims to enable the growth of initial projects in the Chainlink ecosystem and
(players can also collect additional incentives for this )and introduced Chainlink Scale to accelerate the growth of blockchain networks.


Post a Comment

Lebih baru Lebih lama