The Most Traded Cryptocurrency on the WhiteBIT Exchange
The market of digital assets is developing at a rapid pace, spurring the development of services for trading and investing. There are over 500 crypto platforms of different types and sizes in the market. WhiteBIT is a leading crypto exchange that offers a wide range of trading options for cryptocurrency investors. It is officially registered and has a license for working with digital assets. The platform supports more than 250 trading pairs, providing users with a diverse set of options to choose from. Let’s list some top coins you can trade on the WhiteBIT platform and discuss one less-known yet promising asset – LINK, its advantages, and technology.
Crypto Trade on WhiteBIT
Here are some popularly traded cryptocurrency you will find on the crypto exchange (crypto price is indicated as of mid-February 2023):
- Bitcoin (BTC) – $21,81.
- Ethereum (ETH) – $1,507.
- Tether (USDT) – one dollar.
- Binance Coin (BNB) – $292.37.
- Chainlink (LINK) – $6.63.
- Cardano (ADA) – $0.36.
- Polkadot (DOT) – $6.09.
- Dogecoin (DOGE) – $0.081.
- Litecoin (LTC) – $91.66.
- XRP (XRP) – $0.36.
We would like to discuss the LINK coin in more detail, for we believe many traders underestimate this asset.
What is LINK All About?
LINK is a native coin of the Chainlink platform, which has a valuable technology allowing real-life data to be connected to the blockchain through smart contracts. This option is helpful for businesses and corporations requiring smart contracts. That may be medicine, finances, logistics, education, etc. Due to smart contracts, businesses can be confident that their agreements are executed only when given requirements are met.
The information from the external world is delivered to smart contacts through node operators. They make sure the data is safe and protected. Operators receive rewards in LINK tokens.
The platform is widely adopted and has many real use cases, including large corporations. It is likely that with the expanded adoption of the project, the Chain link price will grow in the near future. So it makes sense to buy this asset as long as its price is relatively low.
We recommend using the WhiteBIT crypto exchange to buy a LINK token. From beginner to expert, WhiteBIT’s comprehensive selection of cryptocurrency trading pairs and tools is perfect for any investor. With the sheer variety of cryptocurrencies available on the platform, you’ll never run out of options! Investing with WhiteBIT is a guaranteed way to maximize your profits – no matter what level of trader you are.
Is Chainlink Decentralized?
Chainlink achieves its decentralized architecture by using a network of independent nodes that operate as a collective, rather than relying on a centralized party to provide data inputs. Each node in the network is responsible for gathering and verifying data from external sources and transmitting it to the smart contract.
This decentralized architecture ensures that there is no single point of failure or control in the Chainlink network. Moreover, the use of a consensus mechanism to validate data inputs ensures that the data is accurate and reliable.
In summary, Chainlink is considered decentralized because it operates on a network of independent nodes that operate as a collective to provide reliable and tamper-proof data inputs to smart contracts on various blockchain platforms.
Chainlink Trading Pairs
Some of the top trading pairs for LINK include:
- LINK/USDT: This trading pair represents the price of Chainlink in USDT (Tether), a stablecoin pegged to the US dollar. It is one of the most popular trading pairs for LINK, and is available on many exchanges.
- LINK/BTC: This trading pair represents the price of Chainlink in Bitcoin. It is also a popular trading pair, especially on exchanges that specialize in trading cryptocurrencies.
- LINK/ETH: This trading pair represents the price of Chainlink in Ethereum. It is available on many exchanges that support trading in ERC-20 tokens.
- LINK/USD: This trading pair represents the price of Chainlink in US dollars. It is available on some exchanges that support trading in fiat currencies.
- LINK/EUR: This trading pair represents the price of Chainlink in Euros. It is available on some exchanges that support trading in fiat currencies.
It is important to note that the availability of trading pairs may vary depending on the exchange. Traders should always check the trading pairs and liquidity on the exchange they intend to use before making any trades.