Chainlink, a decentralized oracle network, has launched its long-awaited staking program, allowing LINK token holders to participate in securing the network and earning rewards.
Staking is a key component of Chainlink’s security model, as it incentivizes node operators to provide reliable data feeds to smart contracts.
The introduction of staking is expected to increase the decentralization and robustness of Chainlink, which is widely used in the decentralized finance (DeFi) space to connect smart contracts with real-world data.
The initial phase of staking has been met with strong demand, as LINK holders are eager to participate in securing the network while earning passive income. Chainlink’s staking program is part of a broader effort to enhance the scalability and security of its oracle services as the demand for decentralized data continues to grow.
