Despite today’s widespread cloud outage impacting much of the public Internet, Chainlink oracle services operated without interruption and remain fully operational.This reliability includes Data Feeds & Streams securing 70% of the oracle-enabled DeFi economy, CCIP enabling billions in value to move cross-chain, and all other widely-adopted Chainlink oracle services.The Chainlink platform was built to withstand single points of failure, delivering the highest levels of security and reliability to ensure miss ...

Chainlink Network & LINK Utility - LINK is integral to the Chainlink Network's long-term security, growth, and sustainability [1] - LINK is used to pay for oracle services across the Chainlink Network, including data and interoperability [1] - Network service providers, including nodes, receive LINK as rewards for securing the network [1] - Payment Abstraction simplifies LINK payments, allowing users to pay in preferred forms, automatically converted into LINK [1] - Offchain and onchain revenue is converted into LINK to build up the Chainlink Reserve [1] Staking & Rewards - LINK supports the cryptoeconomic security of the Chainlink Network via Staking [2] - Participants commit LINK in smart contracts to back performance guarantees around oracle services [2] - Eligible LINK stakers can participate in Chainlink Rewards, incentivizing active participation in the network [3] - Chainlink Build projects make their native tokens claimable by Chainlink ecosystem participants through Chainlink Rewards [3]

Chainlink Network & LINK Utility - LINK is integral to the Chainlink Network's long-term security, growth, and sustainability [1] - LINK is used to pay for oracle services across the Chainlink Network, including data and interoperability [1] - Network service providers, including nodes, receive LINK as rewards for securing the network [1] - Payment Abstraction simplifies LINK payments, allowing users to pay in preferred forms, automatically converted into LINK [1] - Offchain and onchain revenue is converted into LINK to build up the Chainlink Reserve [1] Staking & Rewards - LINK supports the cryptoeconomic security of the Chainlink Network via Staking [2] - Participants commit LINK in smart contracts to back performance guarantees around oracle services [2] - Eligible LINK stakers can participate in Chainlink Rewards, incentivizing active participation in the network [3] - Chainlink Build projects make their native tokens claimable by Chainlink ecosystem participants through Chainlink Rewards [3]