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LINKUSD
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LINK
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Price Summary
At present, Chainlink has been criticized for its dependence on a limited number of trusted nodes despite its efforts to be as decentralized as possible. However, LINK staking intends to remove this concern. LINK staking will introduce rewards and penalties to incentivize the proper operation of the Chainlink oracle network. It will also enhance the ability of node operators to receive tasks and earn fees within the Chainlink network.
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
