đ¨đ¨WHY SO OPTIMISTIC ABOUT LINKđłđ¨đ¨
I'm optimistic about LINK because blockchain systems, being closed, require oracles to connect with real-world data and unlock greater application potential. Oracle providers like LINK play a crucial role in this process. Chainlink stands out with its monopoly advantage in the universal oracle field. Chainlink Functions enable developers to flexibly connect to any external API on the decentralized oracle network for custom operations and data processing.
The new Chainlink economic model 2.0 introduces a staking mechanism and a new cost model to leverage over-collateralization, enhancing the security and sustainability of its ecosystem. I believe that with the ongoing improvement of infrastructure like Chainlink, blockchain technology will advance across various fields. This progress will support the large-scale adoption and innovation of Web3. I'm confident that LINK tokens can reach new heights in this bull market!
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