ChainLink: cryptocurrency description, existing problems

ChainLink is a decentralized network of oracles, thanks to which it became possible in the traditional financial system to use “smart contracts” to transform the requested data from other sources into a form accessible for the blockchain. The project is developed and optimized by SmartContract.

The ChainLink platform consists of:

internal blockchain (selects oracles, focusing on the requests of “smart contracts”);
external off-chain (built on nodes of oracles extracting data from outside).

The system has an internal token - LINK, designed to pay for services provided by third-party resources for ChainLink.

Mining: impossible.

Top-up: through cryptocurrency exchanges (for example, Huobi, Bithumb, Gate.io, Binance, EtherDelta and others), through exchangers.

Storage: any wallets that support the ERC-20 standard (MyEtherWallet, MetaMask, Mist, Ledger and Trezor) or on the accounts of crypto exchanges.

Advantages of the system:

The project is supported and implemented by well-known world organizations (World Economic Forum, SWIFT international interbank system, Gartner consulting company)
Clear oracle compliance with smart contracts
Data from third-party resources is carefully checked for accuracy.
High network transaction speed
For the implementation of operations, oracles are used, with the help of which the maximum safety and reliability of operations is achieved
Network users have the opportunity to make money if they become online providers, site operators or data providers.