LINK price trend!
Link coin is a native token born on Chainlink. Since Chainlink is a decentralized open source prediction network.
Most people don’t know what the oracle mechanism in the oracle section is:
The oracle acts as a porter, moving real-life (off-chain) data to the chain, thereby ensuring the development of various activities in the blockchain world. For example, the result of the US presidential election: Biden was elected and Trump lost. If there is an on-chain betting activity, A bets on Biden’s election and B bets on Trump’s election. In theory, A wins and B loses. However, if there is no oracle to provide the election results (data) to the on-chain world, the smart contract will not be triggered, so it will not determine who wins and who loses, and the final bonus will be locked until reliable data is fed to the smart contract.
To put it simply, it is to collect data and judge the accuracy of the data!
Let’s talk about the potential of LINK!
Whether it is DeFi or other projects, as long as it involves data on the chain, the oracle needs to provide data to the smart contract. This has become a rigid demand for the development of blockchain applications. Chainlink (LINK), as the leader of the oracle, has the first-mover advantage and ranks first in the entire oracle field in terms of market value, which is 40 times that of the second place, occupying an absolute leading position.
Remember, if you regard your investment as a long-term investment, the market decline should be seen as an opportunity. It provides an opportunity to buy more tokens at a lower price. Before making any purchases, it is crucial to develop a strategy and never invest all your money in it.
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