Please learn about Chainlink ($LINK) and why it’s part of the crypto holy trinity

Chainlink, along with Bitcoin and Ethereum is going to make the holy trinity of crypto.

Chances are you didn’t get into BTC and ETH early enough, but LINK is still ripe for opportunity. I will explain why below, but first simply take a look at what projects ALREADY USE CHAINLINK:

Chainlink Ecosystem

Almost 900 projects ALREADY USE IT, I bet your coin has or is planning to integrate Chainlink.

Now that’s real adoption. It’s literally the backbone of DeFi.

Here’s why it will complete the holy trinity of crypto.

Problem 1:

The issue of double spending in electronic currency – a phenomenon in which a single unit of currency is spent simultaneously more than once.

Solution:

Bitcoin – a decentralised community consensus mechanism, where nodes are incentivised to act honestly in order to maintain a common, universal ledger system where all the transactions are verified and recorded (blockchain).

Problem 2:

Now we have digital currency, but it lacks other functions such as sophisticated smart contracts that can be programmed with business logic, i.e. a bond that pays out automatically on certain dates.

Solution:

Ethereum – an open source software platform based on blockchain technology that allows developers to build and run decentralised applications (dApps) using programmable smart contracts.

Problem 3:

Now we have a digital currency and programmable smart contracts, but for REAL world use they need to be connected to external data inputs that can trigger smart contracts, i.e. did you receive your delivery, what's the current cost of a gallon of fuel, what is the weather in a certain location AND we need to fulfil payments through legacy payment systems (VISA, MasterCard, PayPal etc.)

Solution:

Chainlink – the Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts (80% of all smart contract use case) on ANY BLOCKCHAIN using a community consensus model for verifying external data from the real world where those validating stake their own collateral (LINK token) as an incentive to act honestly.

TLDR: Buy BTC, ETH and LINK

submitted by /u/TryingToMakeAMil
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