Crypto staking is a process of pledging digital assets to support a blockchain network, verifying and confirming transactions. The participants in the staking receive interest, the amount of which varies according to the token and the duration of the process. Many developers like Chainlink (LINK) have placed it at the heart of their development strategy.
An interesting jackpot for investors
Cryptocurrency developers Chainlink (LINK) recently announced that they expect its staking generates annual interest of at least 5%. What can be an excellent additional passive income for the accounts of the investors having placed their tokens in the process.
The implementation of the program has been confirmed to start before the end of the year. The coin’s developer teams have assured that preparations are well underway for this. Other features added in the roadmap include the expansion of services and the development of optimal security, to protect the project against losses. The project has previously been the subject of criticism for its security, which is not optimal.
Speaking of which, Chainlink plans to launch a node delegation system. These updates could make Chainlink safer and more decentralized than it is. This could spark renewed interest in the project.
You should know that the protocol of staking of Chainlink is an essential part of the expansion of cryptocurrency, and is part of the roadmap for its development. Moreover, the publication of this roadmap placed the value of the token on an upward trend last June. It went from 7.5 dollars to 9 dollars in less than a trading day on the trading platforms. An unprecedented performance that is part of the bright prospects that analysts lend to the room.
The efforts of staking at LINK form the backbone of its expansion plan and will mark the beginning of a new chapter in the LINK token economy. For the first time, chainlink will gain additional utility beyond facilitating payments for oracle services.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.