Chainlink Price Feeds will allow smart contract applications across the Polkadot ecosystem to access accurate, up-to-date and tamper-proof price reference data for powering new products and markets<\/p><\/blockquote>\n
Chainlink to power DApps on Polkadot<\/h2>\n
Parachains based on the Substrate network will have a direct connection to the “outside world” information provided by Chainlink via a runtime module. The pallet may be added with supported smart contract programming languages, before or after connecting it to the Chain Relay. Polkadot’s team states:<\/p>\n
Either of these approaches allow developers to leverage Chainlink Price Feeds with limited technical effort. This integration supports the many smart contract applications and parachain pallets requesting access to Chainlink Price Feeds across Polkadot\u2019s environment.<\/p><\/blockquote>\n
Additionally, a standard will be worked on to allow the use of the data feeds in all Polkadot parachains. The focus will be on an easy integration to leverage Chainlink’s 4 main features<\/a>: high-quality data, decentralized infrastructure, secure nodes, cost-efficiency.<\/p>\n
Apps connecting to Chainlink’s pallet will be able to add a collection of on-chain data sets for cryptocurrencies, FX rates, commodities, and other assets.<\/p>\n
In addition, applications will have multiple functions such as settling cross-chain smart contracts, operating liquidation mechanisms, confirming the authenticity of reserves that collateralize a stablecoin, among others.<\/p>\n
Head of Public Affairs at Parity Technologies, Peter Mauric believes that with this integration, Polkadot developers will be able to build the “next generation of high-performance decentralized applications”. Daniel Kochis, Head of Chainlink Business Development said:<\/p>\n
We\u2019re excited to empower developers across all parachains by providing them with a standardized, easy to integrate oracle solution for access to a wide range of high-quality, time-tested on-chain price feeds. By doing so, we can rapidly accelerate DeFi development within the Polkadot ecosystem, while maintaining the highest security and data quality requirements (\u2026).<\/p><\/blockquote>\n
At the time of writing, DOT is trading at $43,88 with a 10.9% gain in the 24-hour chart. In the 7-days chart, DOT records a 32.4% profit and has managed to displace Cardano (ADA) in total market cap.<\/p>\n
DOT with moderate gains in the 24-hour chart. Source: DOTUSDT Tradingview<\/a><\/figcaption><\/figure>\n On the other hand, LINK trades<\/a> at $30,82 with side movement in the daily chart and a 12.3% profit in the weekly chart.<\/p>\n
LINK showing side movement in the 24-hour chart. Source: LINKUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":" Polkadot has integrated with Chainlink to incorporate its oracle service into its multi-chain environment. Thus, the different teams building on Polkadot will be able to count on a “flexible and reliable” solution to feed parachains with information. Chainlink Price Feeds have been enabled as a Substrate Oracle pallet and can be accessed by any other pallet integrated into a parachain. Thus, deployable applications will have “powerful new functionality”.\u00a0 According to a release from Polkadot’s team: Chainlink Price Feeds will allow smart contract applications across the Polkadot ecosystem to access accurate, up-to-date and tamper-proof price reference data for powering new products and markets Chainlink to power DApps on Polkadot Parachains based on the Substrate network will have a direct connection to the “outside world” information provided by Chainlink via a runtime module. The pallet may be added with supported smart contract programming languages, before or after connecting it to the Chain Relay. Polkadot’s team states: Either of these approaches allow developers to leverage Chainlink Price Feeds with limited technical effort. This integration supports the many smart contract applications and parachain pallets requesting access to Chainlink Price Feeds across Polkadot\u2019s environment. Additionally, a standard will be worked on to allow the use of the data feeds in all Polkadot parachains. The focus will be on an easy integration to leverage Chainlink’s 4 main features: high-quality data, decentralized infrastructure, secure nodes, cost-efficiency. Apps connecting to Chainlink’s pallet will be able to add a collection of on-chain data sets for cryptocurrencies, FX rates, commodities, and other assets. In addition, applications will have multiple functions such as settling cross-chain smart contracts, operating liquidation mechanisms, confirming the authenticity of reserves that collateralize a stablecoin, among others. Head of Public Affairs at Parity Technologies, Peter Mauric believes that with this integration, Polkadot developers will be able to build the “next generation of high-performance decentralized applications”. Daniel Kochis, Head of Chainlink Business Development said: We\u2019re excited to empower developers across all parachains by providing them with a standardized, easy to integrate oracle solution for access to a wide range of high-quality, time-tested on-chain price feeds. By doing so, we can rapidly accelerate DeFi development within the Polkadot ecosystem, while maintaining the highest security and data quality requirements (\u2026). At the time of writing, DOT is trading at $43,88 with a 10.9% gain in the 24-hour chart. In the 7-days chart, DOT records a 32.4% profit and has managed to displace Cardano (ADA) in total market cap. On the other hand, LINK trades at $30,82 with side movement in the daily chart and a 12.3% profit in the weekly chart.<\/p>\n","protected":false},"author":535,"featured_media":460356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381,3],"tags":[16295,83457,16097,79480,9753],"class_list":["post-460355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","category-news","tag-chainlink","tag-dot","tag-link","tag-linkusdt","tag-polkadot"],"acf":[],"yoast_head":"\n
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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Chainlink will help secure Polkadot\u2019s environment","url":"http:\/\/ktsl888.com\/news\/how-chainlink-will-help-secure-polkadots-environment\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/how-chainlink-will-help-secure-polkadots-environment\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/Chainlink-LINK-Polkadot-DOT-LINKUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/Chainlink-LINK-Polkadot-DOT-LINKUSDT.jpg?fit=757%2C425"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","dot","link","linkusdt","polkadot"],"dateCreated":"2021-04-03T20:00:43Z","datePublished":"2021-04-03T20:00:43Z","dateModified":"2021-04-03T20:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Chainlink will help secure Polkadot\\u2019s environment\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/how-chainlink-will-help-secure-polkadots-environment\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/how-chainlink-will-help-secure-polkadots-environment\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Chainlink-LINK-Polkadot-DOT-LINKUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Chainlink-LINK-Polkadot-DOT-LINKUSDT.jpg?fit=757%2C425\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"dot\",\"link\",\"linkusdt\",\"polkadot\"],\"dateCreated\":\"2021-04-03T20:00:43Z\",\"datePublished\":\"2021-04-03T20:00:43Z\",\"dateModified\":\"2021-04-03T20:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/Chainlink-LINK-Polkadot-DOT-LINKUSDT.jpg?fit=757%2C425","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/460355"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=460355"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/460355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/460356"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=460355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=460355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=460355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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