Chainlink
$1.58 -2.56%
LINK · 13w

Kaiko becomes official node operator and data provider for Chainlink’s network of decentralized oracles

Kaiko becomes official node operator and data provider for Chainlink’s network of decentralized oracles KaikoBlockedUnblockFollowFollowing

Jun 17

A few months ago we announced our partnership with Chainlink, outlining plans to integrate Kaiko’s cryptocurrency market data with Chainlink’s decentralized network of blockchain oracles, providing a consistent and secure market data source for smart contracts. Today, we are proud to announce that this integration is complete.

Kaiko is now an official data provider for Chainlink. This enables us to provide our cryptocurrency market data to Chainlink’s decentralized oracle network, which will in turn feed smart contracts with our real-world data feeds. We will also contribute to Chainlink’s security and decentralization as an official node operator.

Last week, Chainlink went live on Ethereum’s mainnet, a huge step for the larger smart contract ecosystem. Chainlink has positioned itself to solve the “oracle problem”, a roadblock in the long-term adoption of smart contracts. Chainlink provides a solution to the inherent constraints of decentralized, tamper-proof node networks through their decentralized oracle network.

Smart contracts are digital contracts that provide a new and more secure form of agreement, guaranteeing execution through cryptographic and game theoretical means. They are run on decentralized, tamper-proof node networks such as Ethereum; thus, do not enable external connectivity. Smart contracts for industries such as insurance, international trade, and finance rely on external information, such as pricing and supply data, which does not natively exist on a blockchain. In order for smart contracts to be useful in the real world, they require external inputs of information. An “oracle” is a third-party information source that allows smart contracts to access off-chain data.

Chainlink’s network of decentralized oracles enables smart contracts to securely access...

Continue on blog.kaiko.com
Recent news
LINK -2.56% · jsecoin.com · 18h

JSEcoin Announces Chainlink Integration

JSEcoin is pleased to integrate our IPCheck Enterprise API with Chainlink. The IPCheck API provides IP intelligence data for bot detection purposes. This can be used within smart contracts to: P...