Chainlink Integrates Its Services on Base Blockchain

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Chainlink and Base Integration
  2. Base Data Features
  3. Chainlink's Statements on Integration Significance


    4. Recently, Chainlink integrated Data Streams and Verifiable Random Function (VRF) services on the Base blockchain, enabling developers to use Chainlink's full suite of products to achieve optimal results in decentralized application performance.

    Chainlink and Base Integration

    Chainlink, a decentralized computing platform, has recently integrated its Data Streams and VRF services on the Base Layer-2 blockchain. This collaboration allows developers using Base to access the full catalog of Chainlink products, thereby enhancing the functionality, security, and reliability of decentralized applications (dApps) on Base.

    Base Data Features

    Base is a Layer-2 blockchain built on Ethereum that provides developers with scalability, security, and reliability needed to run onchain applications. The blockchain allows developers to access Ethereum features such as account abstraction and smart contract wallets at a low cost. Coinbase scales the Layer-2 blockchain and leverages its services and distribution to promote wider adoption in the crypto ecosystem. Chainlink is a serverless, decentralized computing platform that allows developers to perform trust-minimized computations by connecting their smart contracts to APIs of their choice.

    Chainlink's Statements on Integration Significance

    In a statement, Chainlink noted that integrating Data Streams aims to improve dApps functionality to a level comparable to centralized exchanges. Data Streams automate execution and utilize market data, making dApps competitive and responsive to market changes. Using VRF for smart contract random number generation can enhance security, reduce gas fees, and improve user experience.

    "Chainlink Data Streams low-latency market data will enable developers to build the next generation of DeFi products, while VRF will now enable smart contracts on Base to access random number generation securely," stated Theodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.

    The integration of Chainlink's Data Streams and VRF services on the Base blockchain represents a step forward in enhancing decentralized applications' performance, providing developers with powerful tools to create the next generation of DeFi products.

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