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Chainlink Expands Its Reach: Data Streams and VRF Go Live on Base

Aug 16, 2024 #仮想通貨
Chainlink Expands Its Reach: Data Streams and VRF Go Live on Baseコインチェーン 仮想通貨ニュース

Chainlink, a leading decentralized computing platform, has further expanded its product offerings by launching Data Streams and VRF on Base, a Layer 2 blockchain developed by Coinbase. This integration makes the entire Chainlink product suite available to developers on Base, enabling new possibilities for DeFi applications.

Points

  • Chainlink Data Streams provide low-latency market data, enabling fast and user-friendly DeFi products.
  • Chainlink VRF is the most widely adopted random number generator in Web3, fulfilling over 21 million request transactions.
  • Base, developed by Coinbase, is a Layer 2 blockchain that supports decentralized applications on Ethereum.
  • The integration of Chainlink’s products on Base enhances the capabilities for developers, offering a secure and high-speed environment.
  • The collaboration reflects Chainlink’s commitment to expanding its infrastructure across different blockchain ecosystems.

Chainlink, a decentralized computing powerhouse, has taken a significant step forward by launching its Data Streams and VRF (Verifiable Random Function) on Base, a Layer 2 blockchain incubated by Coinbase. This development marks a crucial expansion of Chainlink’s product suite, offering developers on Base access to the full range of Chainlink’s robust infrastructure.

Chainlink Data Streams are designed to supply high-frequency market data through decentralized infrastructure, unlocking the potential for fast, user-friendly, and high-throughput DeFi (Decentralized Finance) products. By providing low-latency data, these streams allow DeFi applications to offer seamless experiences comparable to centralized exchanges (CEXs) while maintaining the security and transparency that decentralized systems are known for.

In addition to Data Streams, Chainlink’s VRF is now live on Base. VRF is the most widely adopted random number generator (RNG) in Web3, having fulfilled over 21 million request transactions for thousands of smart contracts. This tool is crucial for applications that require provably fair and tamper-proof randomness, such as lotteries, gaming, and dynamic NFTs (non-fungible tokens). The recent upgrade to VRF v2.5 brings enhanced features, including streamlined billing and more accurate gas consumption predictions based on current network conditions.

The integration of Chainlink’s technology on Base is a strategic move that aligns with the growing demand for decentralized applications. Base itself is a promising Layer 2 blockchain built on Ethereum, designed to support dApps (decentralized applications) with greater scalability and lower transaction costs. The combination of Chainlink’s infrastructure with Base’s developer-friendly environment is expected to spur innovation in the DeFi space, allowing developers to build the next generation of financial products.

Chainlink’s commitment to expanding its reach is evident in this latest collaboration. By making its full product suite available on Base, Chainlink is not only enhancing the capabilities of developers but also reinforcing its position as a leader in decentralized infrastructure. This move is likely to attract more developers to Base, boosting the blockchain’s ecosystem and contributing to the overall growth of DeFi.

As the DeFi sector continues to evolve, the availability of reliable, high-speed data, and secure random number generation will be critical. Chainlink’s products provide the necessary tools to meet these demands, positioning Base as a competitive platform for DeFi innovation. The partnership between Chainlink and Base underscores the importance of collaboration in driving the next wave of decentralized technologies.

Chainlink VRF

解説

  • The Role of Chainlink in DeFi: Chainlink’s integration of Data Streams and VRF on Base highlights its role as a critical infrastructure provider for the DeFi ecosystem. These tools are essential for creating applications that require real-time data and secure randomness, both of which are fundamental to the functionality and trustworthiness of DeFi products.
  • Impact on Developers: The availability of Chainlink’s full product suite on Base offers developers a powerful toolkit to build and scale their applications. This could lead to a surge in innovative DeFi projects, as developers take advantage of the high-speed, low-cost environment provided by Base.
  • Strategic Importance of Base: Base’s integration with Chainlink reflects its potential as a significant player in the Layer 2 blockchain space. By supporting decentralized applications with enhanced scalability and security, Base is positioned to attract a wide range of projects, further strengthening the Ethereum ecosystem.