{"id":41814,"date":"2022-12-06T14:10:44","date_gmt":"2022-12-06T18:10:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=41814"},"modified":"2022-12-06T14:10:47","modified_gmt":"2022-12-06T18:10:47","slug":"chainlink-introduces-staking-to-increase-oracle-services-security","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chainlink-introduces-staking-to-increase-oracle-services-security\/","title":{"rendered":"Chainlink introduces staking to increase oracle services security"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-blockchain-oracle-network-chainlink-has-launched-its-staking-feature-to-help-increase-the-economic-security-of-the-platform-s-oracle-services\">Blockchain <a href=\"https:\/\/coinscreed.com\/staging\/chainlink-switches-from-ethereum-pow-forks-to-pos.html\" target=\"_blank\" rel=\"noreferrer noopener\">oracle network Chainlink<\/a> has launched its staking feature to help increase the economic security of the platform's oracle services. <\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-1024x576.jpg\" alt=\"Chainlink introduces staking to increase oracle services security\" class=\"wp-image-41816\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-150x84.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-750x422.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000-1140x641.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Chainlink introduces staking to increase oracle services security<\/figcaption><\/figure>\n\n\n\n<p>As they take part in a <a href=\"https:\/\/coinscreed.com\/staging\/twitter-staff-resign-while-users-eye-decentralized-options.html\" target=\"_blank\" rel=\"noreferrer noopener\">decentralized alerting mechanism<\/a> that notifies the network when feeds are not working as expected, stakers will receive Chainlink tokens.<\/p>\n\n\n\n<p>The new staking function is a key component of the blockchain network, &#8220;Chainlink Economics 2.0&#8221; operations, which emphasize security and sustainable growth, the company said.<\/p>\n\n\n\n<p>Before the introduction of the staking feature, the blockchain users that want LINK token rewards had to start their own nodes. Chainlink (LINK $7.20) now has a staking mechanism that was just released. <a href=\"https:\/\/coinscreed.com\/staging\/fantom-wants-to-cut-token-burn-rate-to-fund-dapp-rewards-program.html\" target=\"_blank\" rel=\"noreferrer noopener\">Holders of tokens <\/a>have a second way to profit as they contribute to the security of the Oracle platform.<\/p>\n\n\n\n<p>Chainlink Staking, which contains a staking pool intended to protect the ETH\/USD data flow within the Ethereum mainnet, was initially introduced as a v0.1 beta.<\/p>\n\n\n\n<p>By taking part in a decentralized alerting system, stakers can profit from supporting the performance of the stream. When the Data Feed is not reaching performance standards, the system alerts the network. According to<a href=\"https:\/\/www.google.com\/search?q=Chainlink+introduces+staking+to+increase+oracle+services+security&oq=Chainlink+introduces+staking+to+increase+oracle+services+security&aqs=chrome..69i57j69i61.767j0j7&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\"> co-founder Sergey Nazarov<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, this launch is the starting point for Chainlink Economics 2.0 and will eventually get better.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p> &#8220;Chainlink Staking will continue to evolve and deliver enhanced security across our ecosystem and throughout Web3,&#8221; he said. &#8220;The network will continue to grow.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>The Chainlink team claims that as the platform continuously introduces new oracle services <a href=\"https:\/\/coinscreed.com\/staging\/metamask-enables-transfer-of-tokens-to-various-blockchains.html\" target=\"_blank\" rel=\"noreferrer noopener\">across various blockchains<\/a>, the network's security must keep pace with the rising value secured within powered applications. Nazarov explained that:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Chainlink network has successfully scaled to support a significant and growing portion of DeFi and many other new smart contract verticals, enabling more than $6.6 trillion in transaction value this year.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Days before the launch of the staking feature, on Nov. 29, the LINK token surged, suggesting that traders believe the launch of the staking feature will increase demand for LINK tokens and the platform's oracle services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain oracle network Chainlink has launched its staking feature to help increase the economic security of the platform&#8217;s oracle services. As they take part in a decentralized alerting mechanism that notifies the network when feeds are not working as expected, stakers will receive Chainlink tokens. The new staking function is a key component of the [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":41816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-41814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221206_184902_0000.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=41814"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/41816"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=41814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=41814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=41814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}