Chainlink is a decentralized oracle network that acts as a bridge between blockchain smart contracts and the outside world. Since smart contracts running on blockchains cannot access external data directly, Chainlink oracles deliver information from off-chain sources — such as asset prices, weather conditions, sports results, and virtually any online data — into these contracts. To ensure reliability, the system verifies incoming data through multiple independent sources.
Launched in 2017, by 2019 Chainlink became a leader in decentralized oracle solutions. It is now integrated into most major DeFi protocols, which together represent a significant share of the industry’s Total Value Locked (TVL). Chainlink technologies — Off-Chain Reporting (OCR), Verifiable Random Function (VRF), Proof of Reserve, and the Cross-Chain Interoperability Protocol (CCIP) — are actively used across DeFi, gaming, insurance, and other Web3 sectors..
LINK is Chainlink’s native utility token. It’s used to pay oracle operators and plays a key role in staking. Node operators are rewarded in LINK for delivering accurate data, while providing incorrect information results in losing part of their staked collateral. This mechanism incentivizes accuracy and ensures the robustness of the network. All LINK tokens were pre-minted before the ICO, meaning they cannot be mined. As a result, the total supply is capped, which could support long-term value appreciation.
LINK may be of interest to:
- investors focused on infrastructure-level crypto assets
- developers and startups building smart contracts that require external data
- DeFi participants seeking reliable oracle solutions
- To use LINK, you’ll need a compatible crypto wallet. Let’s consider how to set up a wallet for storing and managing Chainlink tokens.
What is a LINK Wallet?
A Chainlink wallet is a software tool that allows you to receive, send, store, and exchange LINK tokens. Technically, LINK is a standard ERC-20 token on the Ethereum blockchain, so any wallet that supports ERC-20 tokens should support LINK.
Cryptocurrency wallets are generally divided into two types: hot and cold. Hot wallets are always connected to the internet, which makes them convenient and fast for transactions, but also more vulnerable to cyberattacks. Cold wallets, on the other hand, only connect to the internet when necessary — for example, to sync or send a transaction — and are considered more secure due to minimal exposure.
There’s also another way to categorize wallets — based on how they store private keys. In non-custodial wallets, users hold their own keys and have full control over their funds. In custodial wallets, the keys are managed by a service provider and stored on secure servers. This reduces the user’s responsibility but requires trust in the provider.
In theory, non-custodial wallets offer more control. But in practice, all responsibility for security falls on the user. So, if you're unsure about your ability to securely manage private keys, it’s safer to go with a custodial wallet.
Why Create a LINK Wallet on EMCD
EMCD offers a custodial hot wallet where you can store not only LINK, but also a wide range of other popular coins and tokens. The list of assets supported by EMCD includes:
- AAVE
- AVAX
- BTC
- BCH
- CAKE
- ETC
- ETH
- DASH
- DOGE
- KAS
- LDO
- LTC
- MATIC
- NOT
- OP
- SOL
- SUSHI
- TON
- UNI
- USDT
- USDC
Other key advantages of the EMCD LINK wallet include:
- High-level security
- Confidential handling of user and transaction data
- Zero-fee crypto transfers within the platform
- User-friendly interface – including full support for setting up your Chainlink wallet
EMCD isn’t just a secure, fast, and convenient wallet – it’s a full-featured ecosystem designed to help you earn with crypto. On the platform, you’ll also find:
- A P2P marketplace for crypto trading
- A mining pool
- An investment service that lets you earn on your crypto
How to Create a Chainlink Wallet on EMCD
You can register on EMCD using a classic email-based method or quickly sign up via Telegram or Google. Here’s how to register using your email:
- Go to the EMCD website
- Click on “Create Account” button
- Enter your email address
- Create and confirm a secure password
- Open your inbox and verify your email by clicking the link in the confirmation message
For a faster sign-up, you can:
- Open the EMCD platform
- Click the account creation button
- Choose quick registration via Telegram or Google
- Grant the necessary permissions to link your account
Once your account is successfully created, you’ll be able to configure your security settings and top up your LINK wallet using a method that works best for you.