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Blockchain

Chainlink Labs And StarkWare Collaborate To Increase StarkNet’s Capabilities

February 6, 2023 - Around 2 mins mins to read

Key Points:

  • To increase app development on its decentralized Layer 2 zk-Rollup network, StarkNet, Ethereum scaling company StarkWare has joined forces with blockchain oracle developer Chainlink Labs.
  • The transactions generated by StarkWare’s products totaled over 300 million, settled over $800 billion, and produced over 95 million NFTs. Chainlink’s oracle network, which supports over $7 trillion in transaction volume and has about 725,000 active users, is the most popular in DeFi.
To increase app development on its decentralized Layer 2 zk-Rollup network, StarkNet, Ethereum scaling company StarkWare has joined forces with blockchain oracle developer Chainlink Labs.
Chainlink Labs And StarkWare Collaborate To Increase StarkNets Capabilities

As a result of the partnership, Chainlink’s pricing feeds are now accessible on the StarkNet testnet thanks to StarkWare’s participation in Chainlink’s SCALE program, which aims to accelerate the growth of blockchain and Layer 2 ecosystems. On Monday, a statement revealed the alliance.

The transactions generated by StarkWare’s products totaled over 300 million, settled over $800 billion, and produced over 95 million NFTs. Chainlink’s oracle network, which supports over $7 trillion in transaction volume and has about 725,000 active users, is the most popular in DeFi.

The costs associated with running Chainlink oracle nodes will be covered by StarkNet’s native STRK token, which was disclosed in November but is not yet tradable. This expands the potential of smart contracts by giving StarkNet developers a low-cost option to link their programs to Chainlink’s decentralized network of real-world data streams.

“We’re excited to be joining the Chainlink SCALE program to provide our ecosystem of developers with access to the industry standard for oracle services, enabling a next-generation of globally scalable web3 applications to be built on StarkNet,” StarkWare co-founder Eli Ben-Sasson said in the statement. “We look forward to continuing our collaboration and welcome the passionate Chainlink community into the StarkNet ecosystem.” 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Chainlink Labs

Ethereum scaling

StarkNet's Capabilities

StarkWare

zk-Rollup network

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Blockchain

Chainlink Labs And StarkWare Collaborate To Increase StarkNet’s Capabilities

Key Points:

  • To increase app development on its decentralized Layer 2 zk-Rollup network, StarkNet, Ethereum scaling company StarkWare has joined forces with blockchain oracle developer Chainlink Labs.
  • The transactions generated by StarkWare’s products totaled over 300 million, settled over $800 billion, and produced over 95 million NFTs. Chainlink’s oracle network, which supports over $7 trillion in transaction volume and has about 725,000 active users, is the most popular in DeFi.
To increase app development on its decentralized Layer 2 zk-Rollup network, StarkNet, Ethereum scaling company StarkWare has joined forces with blockchain oracle developer Chainlink Labs.
Chainlink Labs And StarkWare Collaborate To Increase StarkNets Capabilities

As a result of the partnership, Chainlink’s pricing feeds are now accessible on the StarkNet testnet thanks to StarkWare’s participation in Chainlink’s SCALE program, which aims to accelerate the growth of blockchain and Layer 2 ecosystems. On Monday, a statement revealed the alliance.

The transactions generated by StarkWare’s products totaled over 300 million, settled over $800 billion, and produced over 95 million NFTs. Chainlink’s oracle network, which supports over $7 trillion in transaction volume and has about 725,000 active users, is the most popular in DeFi.

The costs associated with running Chainlink oracle nodes will be covered by StarkNet’s native STRK token, which was disclosed in November but is not yet tradable. This expands the potential of smart contracts by giving StarkNet developers a low-cost option to link their programs to Chainlink’s decentralized network of real-world data streams.

“We’re excited to be joining the Chainlink SCALE program to provide our ecosystem of developers with access to the industry standard for oracle services, enabling a next-generation of globally scalable web3 applications to be built on StarkNet,” StarkWare co-founder Eli Ben-Sasson said in the statement. “We look forward to continuing our collaboration and welcome the passionate Chainlink community into the StarkNet ecosystem.” 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News