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Chainlink Unveils Staking Mechanism and Roadmap, LINK Price Up 13%

Anna Martynova

Chainlink has unveiled a new roadmap for the platform by introducing the long-awaited staking mechanism to the blockchain. Chainlink's announcement states that the staking mechanism will increase the operational efficiency of the oracle network and blockchain. Chainlink will reward all LINK investors.

In addition, Chainlink has also unveiled four main long-term goals that it aims to achieve with its staking mechanism: increasing crypto-economic security and user assurances in Chainlink services, enabling greater community participation in the Chainlink network, generating sustainable rewards for long-term users, empowering node operators to access higher value jobs through staking

Chainlink stated that the staking mechanism will continue to evolve over time. The initial goal is to create a simple and reliable framework for staking. Chainlink staking v0.1 is scheduled for later this year. In the last 24 hours, the price of LINK has increased by more than 13%. At the time of writing, LINK is trading at $8.50.

Image: Tokeneo

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