Chainlink is the largest provider of decentralized oracles in the crypto industry. The technology is particularly in demand in the field of decentralized finance. Oracles are also used by large companies that are not related to the blockchain. LINK is a native Chainlink token. It is used mainly to pay for the work of node operators, on the basis of which oracles work.

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Cross-chain token transfers are vital to realizing Web3’s multi-trillion-dollar future.

Understand key cross-chain token transfer mechanisms:

• Burn and mint
• Lock and mint
• Lock and unlock

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Cross-chain token transfers are vital to realizing Web3's multi-trillion-dollar future.