Blockchain

Chainlink Integrates The Platform’s Technology Into Avalanche

Chainlink (LINK) has enabled its two prominent technologies, Chainlink Keepers and Chainlink Verifiable Random Function (VRF) to integrate into Avalanche (AVAX) mainnet.

The team emphasizes that the integration with Avalanche is done to assist developers in the platform. Chainlink Keepers will allow developers to automate smart contract functions in a decentralized manner. On the other hand, VRF will provide a random number generator (RNG) that can be used in many dApps that require randomness.

Emin Gün Sirer, the founder of Avalanche, expressed his belief that this event is an important milestone for those building in Avalanche. According to Sirer, this will simplify the experience for both developers and users. Additionally, he noted that Chainlink will also help improve the functionality and design of Avalanche’s dApps.

“The Avalanche Community is full of tireless builders, and their ability to rapidly build and ship applications at scale just became even easier.”

A few months ago, the platform launched the second version of its VRF technology. With this functionality, it can provide random numbers and present cryptographic proof that the number is determined by combining the block data and the oracle’s private key.

In early June, the oracle blockchain also enabled its price feed feature on the Solana blockchain and updated some of the key steps in the Chainlink 2.0 roadmap according to the new whitepaper released in April 2021. Especially the plan to deploy the LINK staking mechanism, which is expected to bring more new breezes to investors in the project.

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

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Sui Token Supply Is Controversial When Over 84% Of Staked Tokens Are Controlled By Founders

Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…

3 hours ago

New Coinbase Class Action Lawsuit Is Attacking Exchange With Securities Listing Charges

The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…

3 hours ago

Bitfinex Data Breach Is Now Causing Controversy, Tether CEO Voices Rebuttal

Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…

4 hours ago

FSOCIETY Threatens Massive Bitfinex Data Leak: 400,000 Users At Risk

Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…

16 hours ago

Disappointment Clouds Friend Tech v2 Launch Despite Exciting New Features

According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…

17 hours ago

Ethereum Classification Supported By Ripple CEO In Battle With SEC

The legal debate over Ethereum classification intensifies as Consensys sues SEC for regulatory overreach.

1 day ago

This website uses cookies.