Taiko, an Ethereum-based Layer 2 rollup, has introduced the combination of Chainlink Data Streams.
The event comes as the underlying Ethereum community continues to see important on-chain exercise, together with massive gross sales from ETH whales.
The partnership establishes Chainlink as the official oracle infrastructure for the community. It’s designed to supply builders on the Taiko platform with dependable and high-speed market information, important for constructing a variety of decentralized finance (DeFi) functions, from complicated derivatives platforms to extra area of interest initiatives involving unique token governance models.
In response to the challenge’s official announcement on Sept. 17, the combination permits the creation of extra superior on-chain merchandise that require high-quality, tamper-proof information to operate securely.
Taiko operates as a “based mostly rollup,” which implies it leverages Ethereum validators for transaction sequencing for sturdy decentralization.
Oracles are elementary companies within the blockchain trade. They act as safe bridges that feed exterior, off-chain info to on-chain sensible contracts. DeFi protocols, specifically, depend on oracles for correct, real-time value feeds.
Taiko management said that utilizing Chainlink’s infrastructure aligns with its objectives.
The group hopes the partnership will assist appeal to institutional crypto funding and help the event of real-world functions, a purpose that aligns with Chainlink’s broader mission to bring global data on-chain.
Integrating real-world financial info is a part of a broader trade development. Simply final week, Chainlink partnered with the Sei Network to deliver official US authorities financial information, such as GDP figures, onto its blockchain.
That partnership additionally targeted on serving institutional and DeFi customers. Taiko’s integration follows the same technique, highlighting the rising demand for dependable, off-chain info to energy extra refined on-chain functions.
Chainlink Labs commented that offering its safe, sub-second market information will assist Taiko foster extra innovation.
The oracle supplier’s infrastructure has a protracted observe report in DeFi, and the challenge has additionally expanded its focus by securing partnerships in rising sectors like decentralized AI infrastructure.
Learn authentic story Taiko Names Chainlink Data Streams as Official Oracle for Its L2 Network by Zoran Spirkovski at Coinspeaker.com
