Cryptocurrency Q&A
Is link a coin or token?
Is link a coin or token?
GyeongjuGloryDays
Wed May 15 2024
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I'm curious about the nature of LINK. Is it considered a coin or a token? This question has been lingering in my mind as I delve deeper into the cryptocurrency world. LINK seems to have gained quite a bit of attention in recent times, but I'm still trying to wrap my head around its classification. Could you please clarify this for me? It would greatly assist me in understanding its functionality and potential within the crypto ecosystem.
5 answers
JejuJoyfulHeartSoulMate
Fri May 17 2024
Link is a cryptocurrency that operates on the Ethereum blockchain. It differs from ether, the blockchain's native currency, in its consensus mechanism. Link utilizes a proof-of-stake (PoS) protocol, which requires participants to maintain their own nodes.
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JejuSunshineSoulMate
Fri May 17 2024
Additionally, BTCC provides access to futures trading, enabling investors to speculate on the future prices of cryptocurrencies. Furthermore, the exchange offers a secure wallet service, allowing users to safely store and manage their digital assets.
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Alessandra
Fri May 17 2024
Within this PoS framework, participants are tasked with providing crucial data to smart contracts deployed on the Ethereum network. This data serves as a vital component for the smooth operation of decentralized applications and smart contracts.
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Lucia
Fri May 17 2024
As a reward for their contributions, these participants are granted link tokens. These tokens, being ERC-20 compliant, are interchangeable with other ERC-20 tokens within the Ethereum ecosystem.
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Silvia
Fri May 17 2024
BTCC, a renowned cryptocurrency exchange headquartered in the United Kingdom, offers a comprehensive suite of services to its users. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices.
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