Linea has introduced that it has built-in Chainlink Data Feeds. This grants Linea entry to Oracle companies via Chainlink, together with dependable market costs. This largely helps builders, who can work on their tasks and launch them with out worrying about scalability or worth effectiveness. That is anticipated to speed up the variety of functions which can be constructed on Linea by builders.
Key options of Chainlink Data Feeds that include this integration are high-quality information, dependable nodes, clear efficiency, decentralized infrastructure, and economic system of scale.
Simon Morris, Chief Technique Officer of Consensys, acknowledged that Chainlink Value Feeds are essentially the most extensively adopted mechanism within the trade, including that they’re excited to see what the mixing brings to the group along with enabling the seamless and safe improvement of decentralized functions. Simon has additionally defined the rationale behind their number of Chainlink Value Feeds. In line with the assertion, Chainlink Value Feeds are essentially the most safe and reliable strategy to entry offchain information, enabling customers to achieve entry to the appliance ecosystem whatever the blockchain they’re aiming for.
Chainlink Value Feeds work on a easy thought: leverage three totally different layers to offer ultra-reliable info. This consists of premium information suppliers, unbiased Chainlink nodes, and a number of Chainlink nodes. Premium information suppliers combination uncooked worth information, which is later organized on the idea of things like quantity and time, to say a couple of. The information is extracted from numerous centralized and decentralized exchanges.
Then come unbiased Chainlink nodes, which collect the market worth in order that an combination worth might be decided. The market worth is gathered from information suppliers earlier than rolling out the aggregated worth. Lastly, a tamper-resistant oracle report is generated by a number of Chainlink nodes. The identical goes live on good contracts.
Chainlink Value Feeds have set an ordinary within the trade, particularly by securing billions of {dollars} for main industries together with, however not restricted to, DeFi, gaming, NFTs, and tokenization.
Linea, within the announcement, mentioned that Chainlink Data Feeds assist to combine varied sorts of info: financial information, market information, outcomes of sports activities occasions, and climate occasions. An integration by Linea helps the ecosystem leverage the scalability of Ethereum-based zk-rollup, permitting them to create a high-throughput Web3 protocol that’s backed by the reliability and safety of Chainlink’s Oracle.
DONs, an acronym for Decentralized Oracle Community, backs Chainlink Value Feeds. Each particular person DON sources high-quality information in order that an correct market worth might be decided. Chainlink Value Feeds have withstood the take a look at of time, demonstrating the efficacy of their design and safety layers.
Builders on Linea can now design improvements for the ecosystem with out having to emphasize about safety and scalability. That is attributable to the incorporation of Chainlink Value Feeds, which is projected to extend TVL in the long term. As new customers proceed to affix the platform, extra capital could also be deployed.