What is Chainlink?

Connecting blockchains to real-world information

Chainlink is a blockchain network designed to connect smart contracts with information from outside the blockchain. While blockchains are secure by design, they cannot easily access real-world data such as prices, interest rates, or events. Chainlink solves this by delivering trusted external data to blockchain applications.

This connection allows blockchain-based services to respond to real-world conditions, making them far more practical and useful across finance, insurance, and digital services.

Why Chainlink?

Chainlink plays a critical role in making blockchain applications work reliably in real-world environments:

Trusted data delivery: Chainlink provides accurate and verifiable data that smart contracts depend on to function correctly.

Decentralized design: Instead of relying on a single data source, Chainlink uses multiple independent providers to reduce the risk of errors or manipulation.

Wide adoption: Many leading blockchain applications and financial protocols rely on Chainlink to power key functions such as pricing, settlements, and automation.

Without reliable data, smart contracts cannot operate safely. Chainlink provides the missing link between blockchains and the real world.

LINK: The asset supporting the network

LINK is the native asset of the Chainlink network and is used to operate and secure the system.

Network usage: LINK is used to pay for data services and automation provided by Chainlink nodes.

Network security: LINK can be staked by node operators as a commitment to honest and reliable service, aligning incentives across the network.

As demand for reliable blockchain data grows, LINK remains closely tied to activity within the Chainlink ecosystem.

Chainlink’s vision

Chainlink aims to make blockchain technology usable in real-world systems by ensuring access to accurate and timely information. The long-term goal is to support applications that can interact securely with traditional financial markets, digital services, and external systems.

By focusing on reliability and decentralization, Chainlink positions itself as core infrastructure for the next generation of blockchain-based applications.

Invest in Chainlink

Virtune Chainlink ETP is a physically backed Exchange Traded Product (ETP) that seamlessly provides exposure to Chainlink (LINK). This is made possible through a transparent and physically backed structure with institutional grade security.

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