Chainlink (LINK)

What is Chainlink and How Does It Work?

Chainlink is a decentralized blockchain oracle network that allows smart contracts to securely and reliably access real-world data. Its architecture is based on nodes that fetch, validate, and deliver data from multiple external sources to blockchains, enabling the execution of smart contracts based on external information.

Key Advantages of the Chainlink Blockchain

Interoperability:

Chainlink facilitates communication between different blockchains and external systems, allowing smart contracts to interact with a wide variety of off-chain data and services.

Scalability:

The Chainlink network supports multiple parallel transactions via parachains, improving data processing efficiency and capacity without compromising security.

Shared Security:

Chainlink parachains benefit from the security of the Relay Chain, ensuring that transactions and data are protected by a robust and reliable infrastructure.

Decentralized Governance:

The Chainlink community actively participates in decision-making and network improvements, ensuring that the protocol's development and evolution reflect users’ needs and consensus.

Roles in Chainlink Staking

Validators:

Validators in Chainlink are nodes that process transactions and maintain network security. They fetch and validate real-world data, ensuring its integrity before delivering it to smart contracts.

Nominators:

Nominators delegate their LINK tokens to validators, supporting the network’s security and efficiency. In return, they receive a share of the rewards earned by validators, incentivizing their active participation in network maintenance.

How to buy ?

Buying Chainlink is quick and secure with Bitnovo. You can easily get LINK using different payment methods. Just visit our page to buy Chainlink and choose the option that suits you best.

Available purchase methods

• Buy with credit/debit card: Use your Visa or Mastercard to get Chainlink instantly. We also accept Apple Pay and Google Pay for quick, hassle-free transactions.
• Bank transfer: Make a SEPA or SEPA Instant transfer to securely buy Chainlink directly from your bank account, with no lengthy procedures.
• Buy with cash: Get Bitnovo vouchers at over 40,000 physical locations and easily redeem them for Chainlink through our purchase platform.

Benefits of buying Chainlink with Bitnovo

• Quick and easy process: No complex registrations or lengthy verifications. Just choose your payment method and receive your LINK in minutes.
• Multiple payment options: Pay by card, transfer, or cash - whatever works best for you.
• Guaranteed security: Bitnovo is a trusted platform with years of experience in the European crypto sector, designed for users seeking safe and straightforward transactions.

How to buy Chainlink with Bitnovo

If you prefer cash, Bitnovo offers a practical solution through crypto redeemable vouchers, available at thousands of points of sale.

Step by step guide:

Find a nearby store:

Use Bitnovo's search tool to locate partner stores in your area where you can purchase vouchers.

Purchase the voucher:

Visit your chosen store and buy a Bitnovo voucher for your desired amount, paying in cash.

Redeem your voucher for Chainlink:

• Go to the Bitnovo Vouchers redemption page.
• Enter your voucher code and your Chainlink wallet address.
• Confirm the transaction - you'll receive your Chainlink in your wallet within minutes.