Providing data on price flows and other issues to blockchains chainlink, to help secure the protocol. altcoin He made staking of LINK available on his network.
Users Started Using Staking Feature on Chainlink Altcoin Network
Chainlink Staking v0.1 allows users to earn rewards while helping to make the protocol more secure.
Chainlink said in a blog post that to do this, stakers will need to “allocate LINK tokens in smart contracts to support certain performance guarantees around oracle services.”
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In this first phase of the Chainlink staking feature, users will help secure their data streams.
Chainlink co-founder Sergey Nazarov said in an interview, “What Staking does is, cryptocurrency “It is to allow us to scale the system by creating incentives that allow the system to grow.”
Nazarov said the Chainlink network has delivered more than $6.6 trillion in transaction value this year.
Nazarov said Staking underpins the company’s vision for what he calls Economy 2.0, for the protocol to scale and become more efficient by providing the right incentives, and this is necessary as the network continues to expand.
The altcoin company has been pretty busy lately. In September, it announced that it had partnered with SWIFT, the interbank messaging system that enables cross-border payments, to enable its network to communicate between all blockchain platforms.
In the same month, it launched Chainlink Build, a program aimed at enabling the growth of early-stage projects in the Chainlink ecosystem (where stakers can also gain additional incentives this way), and introduced Chainlink Scale to accelerate the growth of blockchain networks.
*Not investment advice.