Browsing: Chainlink

Chainlink Automation has recently gone live on Base, a Layer 2 blockchain known for its speed and scalability, supported by Ethereum and nurtured by Coinbase. This integration brings gas-efficient, decentralized, and authenticated smart contract automation capabilities to Base developers. Chainlink Automation is recognized as a secure, reliable, and cost-effective automation solution for Web3 developers. With this integration, Base developers can offload computer-related tasks onto the Chainlink Network, addressing blockchain authentication factors and achieving a significant 90% reduction in gas prices. Johann Eid, Chief Business Officer of Chainlink Labs, emphasizes that by combining Chainlink’s off-chain computation capability with Base’s upgradeable Layer…

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The most recent version of Chainlink’s native staking mechanism, known as Staking v0.2, has been officially released. For version 0.2, the staking pool maximum has been increased to 45 million LINK, or 8% of the total amount in circulation. The creation of a modular architecture to accommodate future upgrades and changes, such as expanding to more services, the introduction of a new unbinding mechanism that offers greater flexibility to community members and node operators, the establishment of a penalty mechanism for node operator stakers that enhances security for Chainlink Staking’s oracle services, and the establishment of a dynamic reward mechanism…

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The choice of Chainlink CCIP by Nuon to enable cross-chain flatcoin transfers has been made public. The integration will be operational on the Ethereum, Base, and Arbitrum mainnets. The goal of this is to give users a more frictionless experience while transferring the overcollateralized flatcoin Nuon. Nuon chose Chainlink CCIP because of the kind of track record it can bring to the table. Risk Management Network supports Chainlink CCIP as an extra security measure to assist stop certain past industry-related vulnerabilities. In terms of security and dependability, Chainlink CCIP has the finest track record in Web3 alone. For the cross-chain…

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Due to the fact that the assets represent a solid recovery since the final trading day, the global market capitalization of cryptocurrencies soars above $1.06 trillion. The attempt to surpass $26,500 in bitcoin value caused a bullish trend to spread throughout the cryptocurrency market. Despite the technical having shifted in Favour of the bulls, Chainlink is still trading below beamish impact. Due to the sellers’ tight dominance, the slow value motion appears to have badly affected the merchants. The whales also jumped to and shed their provide in anticipation of an increase in volatility because the weekend is quickly approaching.…

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Chainlink has announced that it is working on tests to enable connectivity to and interoperability between private and non-private blockchains with International Monetary Messaging Major Swift and more than a dozen major financial institutions. Swift will likely be exploring on a worldwide scale how businesses can use their Swift connection to easily interoperate with a number of global blockchain networks in partnership with its organization. The International Monetary Messaging Large claims that the tests are the result of its search for a potential solution to the blockchain interoperability issue, which increases management costs and friction when purchasing, selling, and trading…

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The most recent update will make it simpler to configure and maintain nodes. V2 aims to increase node operators’ capacity to manage their activities successfully. Chain link (LINK), a decentralized oracle service provider, announced that its most recent node software is currently live on the mainnet. Model 2.0.0 of Chain link’s node software has undergone a fresh update with the stated goal of enhancing node operators’ capacity to manage their operations successfully. The Oracle provider asserts that installing the most recent software update, configuring, and maintaining its nodes are now simpler for its operators. Chainlink was a pioneer in the…

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