Chainlink launches data oracle on Arbitrum One’s Ethereum scaling solution

go through&nbspClark

Chainlink’s data oracle is currently telling the story of Arbitrum One, and the team will also launch its reserve proof and verifiable random operation on the second layer.

Chainlink, a leading supplier of information oracle machines, has announced that it is booming on Arbitrum One-this is the readiness of the beta mainnet of the second-layer expansion resolution Arbitrum of Ethereum.

Announced on August 12, the release will enable Arbitrum One-based developers to directly access currency market information on the chain, and provide higher levels of redistribution exchanges, recursive stablecoins, and different advanced DeFi commodities on the Arbitrum One network. Practicality.

Many leading DeFi protocols have expressed their interest in using Chainlink’s data oracles, as well as Aave, MCDEX, and Tracer DAO in their Arbitrum deployments. Ed Felten, co-founder of Offchain Labs (the team behind Arbitrum) said:

“Providing smart contract developers on Arbitrum One with local access to the Chainlink oracle network is essential to confirm that all good contract use cases that exist on the Ethereum blockchain will be seamlessly ported to Arbitrum with almost zero changes.”

Although only Chainlink’s USD-denominated value feed is currently active, the team plans to quickly launch new value and data pairings, and notices that sports, games, and non-fungible tokens have a strong impact on “hybrid on-chain/off-chain smart contracts”. “The demand continues to grow.

Chainlink also plans to launch its verifiable random operation on Arbitrum One, providing undisputed honest random range creation for games and different applications. Chainlink’s Proof of Reserve service will be launched on Arbitrum One, allowing the audit of mortgage assets and allowing reference to any network API.

Offchain Labs launched Arbitrum One in late May, marking an important milestone in the development of the second layer of Ethereum. Since then, the network has attracted several leading groups built on Ethereum, as well as Reddit, Uniswap, and SushiSwap-this week described Arbitrum as a “trusted and neutral” solution, unlike the aggregated solutions of competitors Optimism, which refused to whitelist the exchange.

Optimism has also created important recent developments. Synthetix sanctioned mercantilism during the past second-level zoom resolution period.


Technical director.

Source link

Recommended For You

About the Author: News Center