What is Link coin and how does it work?
LINK is the native token of Chainlink, a decentralized oracle network that connects blockchain smart contracts with real-world data. Think of it as a bridge between cryptocurrencies and external information. Chainlink nodes retrieve data from websites, APIs, and databases, then verify and deliver this information to blockchain networks. LINK token holders can stake their coins to become node operators, earning rewards for providing accurate data. The network launched in 2017 and has become essential infrastructure for DeFi applications requiring price feeds, weather data, and other external information. LINK operates on the Ethereum blockchain and has a circulating supply of around 539 million tokens.
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