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Chainlink Oracles Become Available on Ethereum Scaler Arbitrum One
U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow.
Oracles from Chainlink, a provider of data feeds to smart contracts, have been integrated into Ethereum scaling solution Arbitrum One.
STORY CONTINUES BELOW
- Chainlink's U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow, according to an announcement shared with CoinDesk Thursday.
- Arbitrum says it is addressing a common request from smart-contract developers, who require high-quality data from financial markets to power decentralized exchanges, futures and options platforms and algorithmic stablecoins.
- The Chainlink feeds provide Arbitrum with high-frequency price updates allowing assets to be valued on-chain and in real time.
- Arbitrum says developers will be able to receive the same data quality and reliability as on the Ethereum base layer, but at lower cost and with more frequent updates.
- Arbitrum One is the network's beta mainnet.
Read more: Chainlink Unveils Crypto ‘Keepers’ and Anti-Fraud Blockchain Bridges
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
