When it comes to digital currencies, there are a lot of different options available. Bitcoin is one of the more popular choices, but there are others that are becoming more popular as well, such as Chainlink. So, what is the difference between these two digital currencies?
Bitcoin is a decentralized digital currency that uses peer-to-peer technology to facilitate instant payments. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Chainlink is a decentralized oracle network that provides reliable, tamper-proof data sources for smart contracts on any blockchain. Chainlink was created by Sergey Nazarov and Steve Ellis and was first released in 2017.
So, what’s the difference? Well, Bitcoin is a currency that can be used to buy goods and services, whereas Chainlink is designed to provide data for smart contracts. In other words, Chainlink could be used to track the price of Bitcoin in real-time so that contracts can be executed accordingly.
What do you think? Is Chainlink the same as Bitcoin?.