Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink on Feb. 25.
The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance and other advanced smart contracts.
Chainlink has completed an initial integration on Kusama, a canary network for Polkadot similar to a testnet.
Chainlink was previously available on other blockchains through adapters, but this is the first move outside of the Ethereum ecosystem in 2020.
Polkadot developers will thus be able to access external data by using Chainlink's oracles.
On Polkadot, Chainlink will be integrated with a dedicated parachain, the term for an independent blockchain shard with custom characteristics.
With this heterogeneous sharding approach, Polkadot aims to solve many of the common problems in blockchain, such as interoperability, scalability, security for networks of any size, and governance.
Even in its Ethereum development, Parity focused on Substrate - the technology powering Polkadot.
During February, Parity and the Web3 Foundation, which preside over Polkadot, appear to be making moves in onboarding Ethereum ecosystem developers to their new network.
The addition of Chainlink points to a systematic approach of porting over key Ethereum infrastructure.
Polkadot Aims for Ethereum Ecosystem with Chainlink Integration
gepubliceerd op Feb 25, 2020
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.