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Chainlink is an oracle platform. Its main purpose is to combine on-chain and off-chain data through contracts. Additionally, Chainlink is used to provide connectivity between blockchains. The name of the project itself explains it all. ChainLink is a decentralized node system that provides real-time data to smart contracts. The transfer of information is carried out by sending a request as an "event" and creating a smart contract using the Chainlink protocol. You need to use the Chainlink wallet to store LINK - the coins of this platform - and perform transactions with them. If you always want access to coins, pay attention to Chainlink wallet app. Such wallets are installed on your phone, so you can always complete a cryptocurrency transaction, even if you are not home. People actively involved in trading, staking, or other activities related to crypto exchanges should consider the Chainlink wallet online. It is most convenient to use the exchange wallet, where you most often carry out transactions to store cryptocurrency. Exchange storage facilities are considered the most unsafe - trading platforms are regularly subject to hacker attacks.
A Link wallet is a software and hardware process that permits you to purchase, trade, store, or transfer crypto to other users. Like the work of the whole cryptocurrency market, their functioning is subject to blockchain technology.
Link wallet provides its owners with the following:
The main feature of Chainlink wallet app is reliable cryptographic protection of transactions with them. Two types of keys are used: open (public) and private (private). When initiating a transaction, the user uses a publicly available public key. Transaction information (amount, addresses wallet for Chainlink) is available to all system participants.
However, only the participant whose address is indicated in the message can decrypt the message and receive money. A private key is used, accessible only to its owner.