![Crypto Terms Glossary: What is LINK (Chainlink)? Crypto Terms Glossary: What is LINK (Chainlink)?](/img/50/823/what-is-link-chainlink-sm.webp)
LINK is an ERC-677 token that is the native token of Chainlink's decentralized network of oracles. It is used to reward node operators for providing external data to smart contracts. Additionally, smart contract creators can require nodes to deposit LINK as a penalty fee to ensure that they fulfill requests for external information.
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