ALT 5 Pro Proprietary Trading Platform is pleased to announce introducing Chainlink support. ALT 5 Pro users can now safely and efficiently trade LINK: one of the most innovative and promising DeFi tokens in the crypto ecosystem.
What is Chainlink?
Chainlink is a unique DeFi (decentralized finance) solution designed to provide a decentralized oracle network functionality which enables connecting smart contracts with real world data.
Chainlink crypto was created in 2017 by blockchain developers Sergey Nazarov and Steve Ellis. The Chainlink Initial Coin Offering was one of the most successful ICOs in history, and the project was able to raise $32 million which allowed Chainlink to develop rapidly and quickly gain the position of one of the crypto industry’s leading projects.
The Chainlink decentralized oracle network is powered by the Chainlink token (LINK). Aside from providing the functionality to the network, LINK can also be used to grant incentives to the platform users in the form of rewards.
What Makes ChainLink Unique?
Chainlink was able to quickly gain the massive popularity it has now because of the unique use case it fulfills. The decentralized oracle network provided by Chainlink is designed to interconnect the world of blockchain-based smart contracts with real world applications.
The main problem with blockchain technology is the fact that blockchains can’t access real world data, and without that data blockchains aren’t very useful. Chainlink manages to solve this issue completely by using the DeFi (decentralized finance) technology in order to make adding and retrieving data from blockchains effortless and secure.
Chainlink is built on Ethereum, the largest and most popular smart contracts network in the world. Because of that, the decentralized oracle solution provided by Chainlink operates smoothly, and easily connects different types of data. Furthermore, the users of Chainlink platforms are able to earn passive income in the form of network incentives, which makes LINK a very attractive investment. Below is the Chainlink chart on the ALT 5 Pro crypto exchange platform.
Is ChainLink a Good Investment?
Chainlink is one of the most successful cryptocurrency projects in the blockchain ecosystem, and the LINK price has been performing superbly so far. Since its launch in 2017, the price of Chainlink has appreciated by an astonishing 16942.73%, but most experts believe that LINK is still an underappreciated asset with a lot of space for growth.
Chainlink can also be considered one of the biggest winners of the current crypto bull run. LINK has been one of the leaders of the altcoin market over the past few months, and it has reached a spectacular new all-time high of $36.83 on February 20th.
When we take all things into consideration, Chainlink clearly seems to be one of the most promising digital assets on the market. LINK is a unique cryptocurrency which has a very meaningful use case. Unlike many other coins and tokens, Chainlink is a cryptocurrency which solves one of the most important issues of blockchain technology, making it very attractive to the investors. Demand with drive Chainlink price predictions and where the price will head. Sign up to our newsletter to stay up to date.