Founded in 2017, Chainlink powers a global computer network that provides reliable, real-world data to smart contracts through oracles. Oracles act as a bridge between external data sources and smart contracts. This off-chain information is critical for the execution of smart contracts.
One of the largest problems with blockchain smart contracts is that they rely on external sources to properly execute their terms. By providing a connection between blockchains and external sources, Chainlink addresses this issue. The bridge makes it easier for smart contracts to complete their tasks without constraints in a secure manner.
The Chainlink network is primarily driven by a large open-source community of node operators, data providers and researchers. LINK is the native cryptocurrency of the Chainlink network. It is an ERC-20 token and it is used to reward node operators and pay for the Chainlink service. To Buy Chainlink in New Zealand, create a Swyftx trading account today.
You can buy, sell and trade Chainlink in New Zealand on a registered cryptocurrency exchange like Swyftx. Create your free trading account with Swyftx by providing a few simple details such as your name, email address and phone number. Next, you must verify your account by scanning a form of government-issued photo ID (i.e. drivers license, passport etc.). This step typically takes no longer than 2 minutes to complete.
Once verified, you can deposit funds into your account quickly and easily. Swyftx accepts NZD deposits via one of the following payment methods: bank transfers, POLi, PayID, or debit/credit card. Once the funds have been successfully deposited into your account, you can buy LINK and all other listed cryptocurrencies.
A smart contract is a self-executing agreement that sets conditions between two parties into lines of computer code. The conditions that lie within the contract’s code are distributed across a decentralised blockchain technology platform (i.e. Ethereum). Smart contracts allow transactions and agreements to be carried out among two or more anonymous parties without the need for a central authority like a central bank.
One downside of smart contracts is that they are based on information contained on a blockchain and can’t interact with external sources like payments systems and data feeds. The purpose of Chainlink is to act as a decentralised oracle network that connects smart contacts with real-world data from external and off-chain resources. You can buy and sell LINK tokens in New Zealand on the Swyftx Cryptocurrency Exchange.
Yes, you can. The Swyftx trading app can be accessed from your desktop computer or your mobile phone. The Swyftx mobile app is optimised for people who like to trade on the go. It’s easy to use for both beginner and seasoned traders.
It is 100% free to download the Swyftx app and create a trading account. Swyftx also features a free demo mode that allows you to mock trade different cryptocurrencies with artificial currency. This is a great option for beginner traders who are looking to learn the markets without committing themselves financially. If you’re looking to buy Chainlink (LINK), you will be required to deposit fiat currency into your account.
You can make NZD deposits into your Swyftx account via the following payment methods:
The time it takes for your deposit to land in your account will depend on who you bank with and which payment method you decide on. Most of the payment options take under a minute to transfer. Once the funds have landed in your account, you can buy Chainlink and hundreds of other crypto assets listed on the Swyftx trading platform.
After you’ve purchased LINK on Swyftx, it will be automatically stored in your own digital wallet. This digital wallet is integrated with your account when you sign up and is necessary for sending, receiving and storing your crypto. Alternatively, if you would prefer to store your Chainlink in an external wallet, you can do so by withdrawing your asset and sending it to the address of your chosen wallet.
Take advantage of our low trading fees and minimal spreads when you buy LINK in New Zealand.
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