Chainlink Unveils Data Streams and VRF on Base

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Chainlink Data Streams on Base
  2. Chainlink VRF and Its Updates
  3. Chainlink's Role in Asset Management and Transparency


    4. Chainlink officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on the Base blockchain, incubated by Coinbase and secured by Ethereum.

    Chainlink Data Streams on Base

    Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. It integrates low-latency market data with automated execution to craft high-throughput, user-friendly DeFi products. Reports suggest that Data Streams provides experiences similar to centralized exchanges (CEXs) while ensuring top-notch security and on-chain execution speed.

    Chainlink VRF and Its Updates

    Chainlink VRF has processed over 21 million request transactions across various blockchains. The latest VRF v2.5 upgrade introduces several enhancements, including more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades.

    Base’s builder-friendly environment is a natural fit for Chainlink products. Chainlink Data Streams will enable developers to craft the next generation of DeFi products, and VRF will support secure random number generation for smart contracts on Base.Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs

    Chainlink's Role in Asset Management and Transparency

    There have been multiple integrations with Chainlink recently. This week, asset management firm Superstate integrated Chainlink's infrastructure into its Short Duration US Government Securities Fund (USTB) to boost transparency and utility by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology. Additionally, 21Shares US LLC integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to improve transparency for its Core Ethereum ETF (CETH), ensuring clear visibility into the Ethereum reserves backing the ETF. Furthermore, Chainlink’s Proof of Reserve has been adopted by several major financial institutions including Bancolombia Group’s Wenia and international banks like BNY Mellon and Citi.

    The launch of Chainlink Data Streams and VRF on the Base blockchain demonstrates Chainlink’s commitment to developing and integrating new solutions for the DeFi market and ensuring transparency and reliability of financial products.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.