Chainlink’s team will work with Tezos’ community developers from the Cryptonomic and SmartPy teams to make Link’s oracles ‘’available to all developers building on Tezos.’’ In our Chainlink news today, we see what the new collaboration will bring to the market.
If ETH is the best platform for smart contracts, Chainlink is the king for decentralized oracles to all of the smart contract platforms. According to the latest announcement, Chainlink’s team will work with the Tezos community development teams as Chainlink already became the main service for the ETH decentralized finance sector so it is hardly surprising that the insurgent Tezos developers are now willing to work with the Oracle technology as well.
Chainlink’s now the go-to oracle solution in the crypto space so it makes sense that the second biggest smart contract platform on the market is teaming up with the project. The oracles are used to allow off-chain data communication with the blockchain which is extremely important for the extended utility of public blockchains that are usually limited by the data they can store on-chain. Thanks to the Cryptonomic and SmartPy team, the latest collaboration will be able to provide leverage to the oracle tech and to bring off-chain data on the chain:
“Integrating natively with Chainlink allows Tezos developers to utilize decentralized oracle networks to securely and reliably access off-chain resources and use them in their on-chain applications. Oracles allow developers to build smart contracts that incorporate off-chain data, take advantage of external API services, trigger settlements on existing payment networks, and more.”
The Chainlink team made some great collaborations with Google Cloud, Thomson Reuters, and others. The mainstream collabs were quite big but Chainlink has recently started stretching its reach within the crypto economy. Chainlink is best known for the work with Ethereum but as mentioned before, the oracle project is quite agnostic. The project is being tapped by multiple smart contract platforms in recent months.
Tezos is the latest platform in this trend but it is not the only one. Back in March, Ethereum Classic gained some momentum when the Ethereum Classic Labs partnered with Chainlink to bring the decentralized oracles closer to Ethereum Classic. One month prior, Polkadot, announced that chainlink had shown an integration with the Substrate Tech which will allow the project to build customizable blockchains.
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