Chain-Link announced that they will launch their staking on the Ethereum network in a few days! 🚨
But what is it, what does it mean and how is its price reacting?
Chain-Link is a decentralized oracle network that allows blockchains to securely interact with external data feeds, events and payment methods.
One of the major issues of blockchains is the inability to safely bring data on the blockchain, so Chain-link basically brings on-chain critical off-chain data, needed by complex smart contracts.
On the 6th December they will launch their beta staking on the Ethereum network, this will allow users to stake up to 7,000 Link for 9 or 12 months, until the next version of staking will be released, At which point stakers will be able to unlock or Migrate their Link on the new staking platform.
Link is the powering token of the ecosystem built on the Ethereum blockchain and it is currently one of the best performing cryptocurrencies up over 30% in the past 2 weeks.
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