Dvision Network is officially announcing its decision to integrate with Chainlink, the market-leading blockchain oracle solution. Leveraging Chainlink’s widely used decentralized Price Feeds will enable users to correctly estimate their expenses when creating NFT items in the Dvision virtual reality marketplace. Additionally, Dvision Network will adopt the Chainlink Verifiable Random Function (VRF), which generates a secure, provably fair source of randomness used to generate and distribute certain on-chain rewards to users.Why Dvision Selected Chainlink
Blockchain oracles allow smart contracts (on-chain) to interact with data and systems from outside their native blockchain (off-chain). This allows smart contracts to execute on-chain functions based on real-world data and events such as web APIs, IoT networks, other blockchain data, and more. The ability to use external data in smart contract applications has been a phenomenal breakthrough, greatly expanding the number of use cases possible on blockchains. However, since the oracle is responsible for triggering the execution of the smart contract, it must be as secure and reliable as the underlying blockchain.
Chainlink has solved these challenges by providing a decentralized and flexible oracle framework to prevent any single point of failure in the oracle, as well as allow users to obtain data from any external source. Its thoroughly proven oracle solution already secures billions of dollars in value for numerous top projects including Synthetix, Aave, Yearn, and many others.
Dvision Network’s initial integration with Chainlink revolves around leveraging their Price Feeds as the primary oracle solution in the NFT marketplace. Chainlink Price Feeds will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network. We selected Chainlink Price Feeds because they provide best-in-class fea...