Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK

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Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK
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.chainlink has introduced staking of its native LINK token on its platform to help keep the protocol secure and provide more incentives for it to grow. camomileshumba reports

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“What staking does is it allows us to scale the system by creating incentives that allow the system to grow,” Chainlink co-founder, Sergey Nazarov said in an interview with CoinDesk. The Chainlink network has enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking is setting the foundation for what the company calls Economics 2.0, its vision for the protocol to scale and become more efficient by providing the right incentives, Nazarov said, something which is necessary as the network continues to expand.

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