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X @Chainlink
Chainlink· 2025-10-20 17:45
Reliability and Security - Chainlink oracle services operated without interruption despite widespread cloud outage [1] - Chainlink platform is built to withstand single points of failure, delivering high security and reliability [2] - Chainlink utilizes independent, distributed operations across geographic regions and infra providers [2] - Data is delivered directly on each supported chain without reliance on third-party bridges or relayers [2] - Decentralized oracle networks (DONs) eliminate single points of network-operation failure [3] - Operators manage their own authenticated API connections, minimizing centralized data provisioning [3] - Chain-specific deployments limit inter-chain dependencies and correlated risk [3] Market Position and Impact - Chainlink secures 70% of the oracle-enabled DeFi economy [1] - Chainlink enables billions in value to move cross-chain via CCIP [1] - Chainlink secures approximately $100 billion in DeFi markets [4] - Chainlink enables $26+ trillion in transaction value [4]
X @Chainlink
Chainlink· 2025-09-06 14:07
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]
X @Chainlink
Chainlink· 2025-09-06 14:07
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]