Chain link was introduced in 2017 by a person named Sergey Nazarov. China is a Blockchain network link based on Blockchain. Through Oracle, the Chainlink Blockchain establishes a link between real-world data and smart cryptocurrency contracts. This network, like Bitcoin and Ethereum networks, is decentralized and is not controlled by any central or government server.
In this article on shetcoiner, we want to tell you about Chain Link and its cryptocurrency, that means Link, and show you how to buy a Chain link and introduce some of the best Chain link exchanges.
What is chain link?
China Link is an Ethereum network-based Blockchain that has its own cryptocurrency, Link, which is a standard Erc20 token. The reason for inventing the Chain link was smart contracts.
Smart contracts are predefined contracts that are created to analyze the situation in the Blockchain. These contracts depend on terms and data to evaluate their final decision. Because smart contracts are Blockchain based, therefore they are unchangeable or cannot delete and no one can delete or modify them.
As we said, smart contracts are dependent on information outside their network and therefore out-of-chain information must be translated into the chain, but due to the difference between in-chain and out-of-chain language, it is difficult to link external data sources with smart contracts. The role of Chain link is to solve this problem for smart contracts.
Blockchain was created to solve this problem through an Oracle Decentralized Network. Oracle acts as an intermediary and translates data from external sources into a language that understands their internal smart contracts. This is because Chain link is important for smart contracts and is also used as a smart contract fee.
How to buy ChainLink?
If you want to buy Chain link tokens, you can easily buy it from many cryptocurrency exchanges. Of course, be careful that before buying a chain link from any exchange, you should think about maintaining it.
To buy and maintain a Chain link, you need a wallet that has a Chain link storage wallet address and can support the Chain link.
Be comfortable with this too. Maybe in the past few wallets supported Chain link but today due to its popularity, many software wallets and some hardware and cool wallets support it and you can easily Chain link Transfer the purchased one to them after purchase to maintain and protect it.
The best exchanges offices to buy Chain link
Now If you want to know which exchanges are the best to buy Chain link exchanges, first of all it is better to think about whether you want to buy it from centralized or decentralized exchange offices? Decentralized exchange offices or DEX have become very popular today due to their newness and not storing and not receiving personal and identity information of their buyers and customers. However, unfortunately, some of these decentralized Fee exchanges still have higher sales than centralized and ordinary exchanges.
Among the decentralized exchanges, you can buy Chain link from the following three exchanges:
If you want to use centralized exchanges and pay less to buy ChainLink, you can buy from these centralized ChainLink exchanges:
Can I put Chainlink on MetaMask?
Yes, you can place it easily using the available tools