We are pleased to announce that Chainlink will be natively integrated into Huobi ECO-Chain (Heco) as the recommended oracle solution for all smart contract applications launching on our blockchain. This will ensure that developers have built-in access to the most secure, reliable, and trusted oracle network in the market directly on Heco without cross-dependencies on other blockchains.
The initial integration will focus on making the widely used Chainlink Price Feeds available to the many DeFi applications planned to launch on Heco, giving developers easy access to the largest collection on live decentralized price oracles in the market, including prices for cryptocurrencies, commodities, FX rates, precious metals, indices, and more.
In addition to Price Feeds, we aim to build support for a variety of other Chainlink oracle services, including Chainlink Verifiable Randomness Function (VRF)—a secure source of on-chain randomness that users can verify as provably fair and unbiased—which can be used to create gaming applications and launch dynamic NFTs. On top of its existing oracle solutions, Chainlink can also be leveraged as a generalized oracle solution to connect to any off-chain resource, removing any limits to the types of data that can be brought on-chain to trigger Heco smart contracts.
Huobi ECO Chain (Heco) is an EVM-compatible public blockchain that provides developers with an efficient and low-cost on-chain environment for running decentralized smart contract applications (dApps) and storing digital assets. Heco uses a Hybrid Proof of Stake (HPOS) consensus mechanism and supports EVM programmability and smart contract compatibility.
With Heco supporting a wide variety of crypto assets, as well as the ability to create smart contract applications involving those assets, the next key piece of infrastructure is oracles as a means of bringing in information from the outside world. Oracles provide devel...