Why You Should Be Paying Attention to Chainlink (LINK)

A mid-cap token that is set to shine in the coming years.

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Whilst certain altcoins and tokens in this space generate plenty of attention across social media and crypto news outlets, Chainlink has lacked the recognition it deserves (although this is improving), particularly when you consider the real-world problems the protocol is aiming to solve.

What does it involve? Chainlink is a decentralised oracle network (DON) that allows smart contracts across several blockchains to connect with on- and off-chain data and readily connect to a range of distributed networks.

DON is a network maintained by a committee of Chainlink nodes. Rooted in a consensus protocol, it supports any of an unlimited range of oracle functions chosen for deployment by the committee.

Chainlink 2.0 whitepaper, April 2021

It can facilitate connections to multiple APIs and various services through different blockchains — Bitcoin, Ethereum, Cardano and Polygon, to name a few.