Consensus Cell Network Using Chainlink’s ETH/USD Price Reference Data on Mainnet in New Prediction Market Game
We are excited to announce that Consensus Cell Network has successfully completed an initial integration with Chainlink’s market leading decentralized oracle network live on the Ethereum mainnet, marking a major milestone in our Dapp development. Our prediction market game is now live and leveraging Chainlink’s ETH/USD Price Reference Data fee to settle ETH price predictions made by users. This is the first step in a much larger integration of Chainlink’s Price Reference Data feeds in our upcoming decentralized lending platform set to launch later this year.
By obtaining trusted off-chain data feeds via Chainlink-powered decentralized oracle networks, we are able to bridge the gap between blockchain environments and important datasets in the real world. This allows us to create far more retail and enterprise-focused applications using Ethereum smart contracts.
Why We Chose Chainlink
Consensus Cell Network is a community-based blockchain ecosystem, covering nine core business areas: public blockchain technology research, Dapp development, cryptocurrency wallet, Apps for off-chain loyalty points, corporate services, charity, venture capital, sports competition and research center.
The first integration between Chainlink and Consensus Cell Network is mainly focused on Dapp development. Consensus Cell has now launched a series of DeFi Dapps live on the Ethereum blockchain through the brand CellETF, which includes Dapps like DEX, eCell Staking, decentralized gaming such as a no-loss lottery, and red packets for eCell tokens.
With the core business of Consensus Cell being the development of DeFi Dapps, the success of many of those Dapps hinges on obtaining secure and reliable valuations for assets. Unreliable data sources can directly cause major malfunctioning of our Dapps, such as manipulation fr...