LINK & UNI: Key Things To Know About These Cryptocurrency Coins in Malaysia

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LINK & UNI: Key Things To Know About These Cryptocurrency Coins in Malaysia [this story is brought to you by Luno.]

, the first Securities Commission-approved digital asset exchange in Malaysia with the largest variety of cryptocurrency investment options of seven approved coins.

Meanwhile, LINK is the native token of the Chainlink network. It is mainly used to pay for services carried out on the network by oracles.The Chainlink network is also decentralised, which means that not even one person or group is in absolute control of providing the data; but rather responsibility is spread across the network. This prevents the network from a single point of failure and helps with enhancing its security.

There are currently hundreds of tokens available on Uniswap. New tokens can take a long time to be verified and listed on large exchanges but because Uniswap is decentralised, anyone can access it. This is possible because transactions between the parties involved in the swap are facilitated by smart contracts.Uniswap doesn’t hold any assets on behalf of its users. Instead, it uses what’s known as, which are digital piles of cryptocurrency locked in a smart contract.

 

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