Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Tezos chooses Chainlink oracles to power its smart contracts

We’re excited to announce that leading Tezos teams SmartPy and Cryptonomic are making Chainlink natively available to all developers building on Tezos. Oracles are a key component of a thriving blockchain ecosystem. As such, the SmartPy and Cryptonomic teams are working together to make Chainlink the go-to oracle solution for developers connecting their Tezos smart contracts to real-world data and systems. Due to developer demand, Tezos will also be one of the first blockchains supported by Chainlink, further showcasing Tezos as an advanced ecosystem for developing next-generation decentralized applications.

Recommended AI News: City of Tigard Modernizes End User Computing and Simplifies Move to Windows 10 with IGEL

Integrating natively with Chainlink allows Tezos’s developers to harness the power of decentralized oracle networks to securely and reliably access key off-chain resources and use them in their on-chain applications. Oracles allow developers to build smart contracts that incorporate high-quality off-chain data, take advantage of external API services, connect to IoT infrastructure, interact with enterprise backends, interoperate with other blockchains, trigger settlements on existing payment networks, and much more.

Combining Tezos’s secure, institutional-grade smart contracts with Chainlink’s tamper-proof inputs and outputs enable the development of highly secure, data-enabled applications that are fully integrated with real-world data/systems. Chainlink and Tezos already share many node operators, making the integration seamless and the cross-platform support beneficial for both communities.

Recommended AI News: These Trends And Technologies Unlock The Future Of Livestreaming

The technical integration is headed by top Tezos teams Smart Chain Arena, the team behind the widely-used Tezos smart contracts programming language SmartPy, and Cryptonomicon, the team behind popular Tezos tools like the Galleon wallet, Conseil API, and Nautilus Cloud. Both teams are committing major code contributions to Chainlink’s GitHub repo.

Related Posts
1 of 40,289

Read more details about the integration here:
  SmartPy blog
  Cryptonomic blog

Comments from the Teams Involved

“We are thrilled to collaborate with Cryptonomic and bring Chainlink’s leading decentralized oracle network to Tezos. The quality and functionality of applications built on Tezos will be significantly enhanced with this ability to access Chainlink oracles natively on Tezos.” — SmartPy Team

“Providing Tezos developers with the most secure and reliable oracle solution is essential to advancing the Tezos ecosystem. After extensive research and discussion among various stakeholders, we identified Chainlink to be the most advanced, high-quality and secure oracle solution to integrate natively into Tezos. We recommend Tezos developers use Chainlink when building smart contracts as Chainlink’s secure decentralized oracle network makes possible a plethora of new use cases across DeFi, Equities, Insurance, and much more.” — Vishakh, Cryptonomic

“We look forward to bringing Chainlink’s oracle infrastructure to the Tezos’s ecosystem, supplying Tezos developers with high-quality data to power secure, truly reliable decentralized applications. Tezos is one of the most advanced blockchains in the space, offering many unique features that make it appealing to institutions and developers. We’re excited to help the Tezosecosystem take that critical step forward in its evolution by securely integrating with the whole spectrum of valuable real-world resources existing off-chain.” — Sergey Nazarov, Co-founder of Chainlink.

Recommended AI News: Bitcoin Association Publishes First Annual Report Highlighting Rapid Growth Of Bitcoin SV Ecosystem

Comments are closed, but trackbacks and pingbacks are open.