Chainlink’s Ambitious Ascent: Sergey Nazarov Unveils the Vision of LINK as the ‘Universal Gas Token
Sergey Nazarov, the visionary behind Chainlink, envisions LINK as the prospective universal gas token within the digital asset landscape.
In a recent interview, Nazarov delved into Chainlink’s tech stack, specifically highlighting the payment abstraction layer (PAL). This innovative layer is designed to streamline the payment process for Chainlink services. Allowing developers to effortlessly make payments in their preferred medium of exchange, which will then be converted into LINK. Nazarov emphasized that this abstraction layer enhances the utility of the LINK token. Making it adaptable to various forms of payment, including native tokens, stablecoins, and potentially even credit cards.
By accepting diverse payments and converting them into LINK, the vision is to transform LINK into a universal gas token, simplifying transactions for node operators and promoting widespread Chainlink adoption. According to Nazarov, this payment abstraction approach aims to reduce friction, attract more developers to the ecosystem, and ultimately elevate the value and accessibility of Chainlink’s LINK token.
Clever Robot News Desk 14th November 2023
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