How to Buy Chainlink (LINK)

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Chainlink uses a decentralized oracle network powered by Ethereum, allowing smart contracts to connect to other data sources securely.

How to Buy LINK

  1. Create a Coinbase account - We recommend using Coinbase as it offers $5 in free Bitcoin when you sign-up.
  2. Add a payment method - Add your payment method and fund your account.
  3. Research the coin - Search for the coin by name or ticker symbol - LINK.
  4. Decide the amount of coins - Now it is time to decide how many coins you want to buy of Chainlink.
  5. Purchase coins of LINK - Buy the amount of coins you want with at the current price on Coinbase.

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The rise of cryptocurrency is sweeping the country, but not all tokens are worth your investment.  Chainlink (LINK) provides promising features that stand out, as not all cryptocurrencies are relevant to a business or real-life applications.

Chainlink is different, as it uses one of the most popular cryptos, ETH, to power its network. Thanks to smart contracts, Chainlink provides others with applications that bolster efficiency within their network.

Read on to find out more about Chainlink and if you should invest in it today

What is Chainlink (LINK)?

Breaches of privacy happen too often in our digital work. Cryptocurrencies, thanks to blockchain technology, provide secure networks that are hard to hack or trace.

Chainlink (LINK) provides people and businesses with decentralized oracle networks that cannot be tampered with. This means the computations that go in and out of the network are safe.

The network also supports advanced smart contracts.  To truly understand Chainlink, you must understand smart contracts. For example, agreements are made every day, and the agreements must be met for a function to execute.

Smart contracts do not deviate from the agreement, which is why the network is secure. The smart contracts also cannot change, keeping the information safe from tampering.

Oracles also bridge the gap, acting as a middle man.  Why is this important for investors? Chainlink provides real-world solutions in an age where everything is digital, including private information.

Who Are the Founders of Chainlink?

Three people are deemed the original authors of Chainlink: Dr. Ari Juels, Steve Ellis, and Sergey Nazarov.  In particular, Nazarov started in FirstMark Capital building P2P marketplaces.

In 2011, he dived into the crypto world. However, it wasn’t until 2017 that he helped create Chainlink, aiming to change how we distribute and share information.

It first began when Nazarov created a site dedicated to smart contracts, leading to Chainlink’s creation. Nazarov also teamed up with Steve Ellis to create

Nazarov is also popular, as people think he could be linked to Satoshi Nakamoto, the creator of Bitcoin. There is speculation because the domain for his smart contract website,, was a domain bought in 2008, around the same time Bitcoin was created.

Today, Nazarov and his team are dedicated to bolstering Chainlink’s reputation and network, as it has solutions every industry can use.

Chainlink (LINK) Price Today

How Many Chainlink (LINK) Coins Are in Circulation?

As of September 2021, there are 453.5 million LINK tokens.  Chainlink is unlike other cryptos, where it is not on a blockchain but uses blockchain technology.

This means that LINK cannot be mined.  Instead, when a node is validated, the user can receive a small payment. Chainlink uses Proof-of-Stake, and not Proof-of-Work, which is also another reason it cannot be minded.

How is Chainlink Network Secured?

The Chainlink network is secured using smart contracts and a decentralized network of oracles.  First, the smart contract is an agreement between an internal and external entity that cannot be changed.

Smart contracts also use blockchain technology to secure this information, in particular the Ethereum network.

There are three types of contracts:

  • Aggregating: Matches accurate information caught from oracles
  • Order-Matching: Agreements are matched based on the best bidding oracles or service level agreement
  • Reputation: Numerous factors are in play to verify an oracle’s record, such as response time and completed requests.

There is software in the middle that acts as an intermediary called an oracle. Keep in mind the oracles do not function on the blockchain network, but the smart contracts do.

Three steps define the communication process between smart contracts and oracles:

  • Oracle Selection: One of the three types of smart contracts is chosen based on the data provided.
  • Data Reporting: Real-world data is requested and connected via external sources using the oracle. The data goes through the oracles and gets sent to the contracts on the blockchain.
  • Result Aggregation: A collection of information from the oracles about the transaction is recorded. This helps users understand how the facilitation occurred and if there were any errors.

What Makes Chainlink Unique?

Chainlink exhibits a powerful message with smart contracts, looking to secure data while connecting internal and external sources.

It combines blockchain technology and a decentralized node network to bolster its functionality for real-world applications.

For example, there are seven key areas where Chainlink excels:

  • Crypto economic security: During adversity, nodes on the oracle network must be reliable. Using strong economic incentives can ensure the network runs smoothly.  
  • Confidentiality: Due to sensitive computations, the system’s integrity and blockchain need to be transparent.
  • Trust-minimization: A minimalist approach to decentralization and smart contracts is the key to an efficient system.
  • Scaling: Due to various platforms, it is crucial the oracle network successfully produces high-performance outputs.
  • Hybrid smart contracts: Combine resources to ensure secure smart contracts and their capabilities.
  • Order fairness: Decentralization is key for LINK’s success, supporting transaction sequencing that is fair to all users to avoid bots and manipulative miners.
  • Abstracting away complexity: Simple functions drive LINK and the network, reducing complex protocols and boundaries.

Overall, Chainlink wants to be as efficient yet straightforward thanks to its decentralized network using smart contracts and oracle nodes.

Chainlink Alternatives

Should I Invest in Chainlink?

If you believe future transactions should be secure and safe from tampering, Chainlink may be a great investment for you in crypto.

Chainlink also started at less than one cent and is not trading over $20. The price is expected to increase as we fully evolve into a digital world.

Consider learning more about Chainlink and blockchain technology to understand further how Chainlink works.  If you want to invest in Chainlink, consider opening an account at Coinbase or Binance.

Other crypto exchanges also support Chainlink, depending on where you live.  In all, confidentiality and protecting data against tampering are essential to many industries, where Chainlink can come into play using its decentralized network.

The price continues to trend upward, giving many investors incentives to buy LINK.


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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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