Data analyzing in forex market

Arbitrum One, an Optimistic Rollup Layer-2 scaling network, announced it has integrated Chainlink’s decentralized oracle service to its platform. In a press release published on 12 August, the company said that the initial integration will involve native support for the USD-denominated Chainlink Price Feeds, while new price pairs and other types of data feeds will be introduced in the coming weeks. The integration comes after four months of testing the Price Feeds on the Arbitrum testnet.

On top of Price Feeds, Chainlink also plans on offering additional services on Arbitrum One. In the coming months, Chainlink will offer Chainlink Verifiable Random Function (VRF) to provide on-chain gaming dApps and NFTs with provably fair random numbers, the Chainlink Proof-of-Reserve (PoR) to audit the collateralization of tokenized assets, as well as the ability to call any web API. 

“We’re excited to support Arbitrum One by providing the most secure and reliable oracle services to the hundreds of projects building highly scalable and low-cost smart contracts on the Layer-2 Arbitrum network,” stated Sergey Nazarov, Co-founder of Chainlink.


He added that the native deployment of Chainlink oracles will provide Arbitrum developers with direct access to Chainlink’s frequently updated data feeds while maintaining an extremely high level of security—enabling the creation of more advanced hybrid smart contracts. Aave, MCDEX, and Tracer DAO have all announced they will be using Chainlink Price Feeds within their Arbitrum deployment. 

Show Comments