Trusted by 150.000+ customers
How to buy Chainlink
Select
Choose how much Litecoin you want to buy.
Pay
Pay with one of 30+ payment methods.
Receive
Receive the cryptocurrency in your wallet.
Comparison
We offer the lowest fees for buying and selling crypto compared to our competitors.
2.42%
10.13%
9.07%
7.72%
6.94%
6.93%
6.61%
Based on purchasing €100 worth of Litecoin on August 28th, 2024
30+ payment methods
While Chainlink's conception stretches back even further, its story first started in September 2017. Steve Ellis and Sergey Nazarov both contributed to its founding. Chainlink attempted to overcome one of blockchain's intrinsic limitations: its inability to securely communicate with external data. At the time, the world was still getting its bearings with Bitcoin and the plethora of altcoins that were entering the market. This idea is essential since real-world agreements frequently rely on information not contained in the blockchain, such as stock prices or the weather.
Chainlink is fundamentally a decentralized oracle network. Just to be clear, let's discuss oracles first. Within the blockchain setting, an oracle is an agent that locates and authenticates real-world events and uploads this data to a blockchain for use in smart contracts.
But oracles are vulnerable because of their centralized design, which results in a single point of failure. Here's when Chainlink's genius really shows. Decentralized oracles are provided. It guarantees that smart contracts obtain secure and dependable data by decentralizing data input.
Chainlink functions in this way:
User Request: A user contract asks Chainlink for information.
Chainlink Contracts: The request is forwarded to several Chainlink nodes by the Chainlink contract.
Retrieving Data: Each of these Chainlink nodes obtains data from an off-chain data source.
Data Aggregation: After being retrieved, the data is combined and returned to the user contract.
Contract Execution: Using this combined data, the smart contract then goes into action.
In order to compensate node operators for their services and to reward them for being truthful, Chainlink uses the LINK token.
In addition to being a ground-breaking concept, Chainlink offers evidence of the genius of its creators. Software developer Steve Ellis and cryptocurrency industry veteran Sergey Nazarov collaborated to find a solution to the oracle challenge. Ellis's technical expertise and Nazarov's vision have been essential to Chainlink's success. Under their leadership, Chainlink has worked with a number of well-known companies and has been steadily growing its network, making it a leader in the DeFi industry.
There are various characteristics that set Chainlink apart from other projects:
Decentralization: As previously indicated, Chainlink's decentralization mitigates the issues of centralized oracles, such as single points of failure and data tampering.
Diversity of Data Sources: Chainlink obtains its data from multiple sources. Pulling from several sources guarantees a higher level of precision and dependability.
Reputation System: A reputation system is built into each decentralized node of Chainlink. This further guarantees data integrity by guaranteeing that nodes that provide erroneous or slowly delivered information are penalized.
Flexibility: A contract can be tailored to fit a range of use-cases by developers, who can decide which data aggregation technique is best and how many oracles it should use.
Chainlink has been tried and tested in real-world scenarios. It has consistently shown its worth by being included into a wide range of projects, including gaming and decentralized banking platforms.
Partnerships & Collaborations: Chainlink's credibility is further enhanced by its partnerships with illustrious businesses and institutions in both the traditional and cryptocurrency industries. Partnerships with Google Cloud, Oracle, and SWIFT are just a few examples of this.
Over 100.000 users choose swapped.com as their preferred way to buy Chainlink.
Live support
Our dedicated support team is
ready to help you 24/7.
Lowest fees
We offer the lowest fees for buying crypto compared to similar providers.
Fast transactions
Transactions are sent within seconds after we receive your payment.
Regulated
Swapped is registered with Australian ASIC, Fintrac Canada, and the Danish Financial Supervisory Authority.
Global support
We support more than 150+ countries
all over the globe.
Secure funds
We do not hold your cryptocurrencies.
Funds are sent directly to your wallet.
Haven’t found what you’re looking for? Check out of some common questions here, or contact our live support.
