Thursday, July 9, 2020
No menu items!
  • News
  • Blockchain
  • Contact Us
More

    Chorus One Joins ChainLink (LINK) as a Node Operator

    Must Read

    Morgan Creek Co-Founder: I’m Buying Dogecoin (DOGE); When Emoji Jack Dorsey?

    Morgan Creek co-founder, Jason Williams, has recently showcased his interest in buying the trending cryptocurrency Dogecoin (DOGE), tasking the...

    Founder of a $1.4 Billion Hedge Fund Buys XRP, Hopes to See XRP at All-Time Highs Soon

    Former PM at Goldman Sachs, Will Meade, who founded a $1.4 billion hedge fund, has recently made it public...

    David Schwartz Answers Questions on How Fair and Reasonable It Is for XRP to Stay below $0.2

    The Chief Technical Officer (CTO) at Ripple, was recently tasked by a crypto community member to explain how fair...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Chorus One has recently announced its integration with ChainLink (LINK) to serve as a node operator. Mutually, Chorus One will also leverage ChainLink’s ability in providing highly available and trustworthy data feeds to the cryptocurrency ecosystem.

    Chorus One Highlights the Ability of ChainLink (LINK) in Solving the Oracle Problem

    As Chorus One recounted, the ChainLink (LINK) team is making the provision of a core piece of infrastructure for blockchain applications by enabling them to handle off-chain data.

    Normally, any real-world data created outside blockchains’ native network will fail to pass the verification process.

    ChainLink will be dispensing its effort in integrating off-chain data such as price feeds that are secure for decentralized applications.

    However, ChainLink relies on node operators that provide stream data to the network from external sources. These oracle networks powered by ChainLink are live on the Ethereum mainnet with additional plans to become agnostic as time goes on.

    For now, node operators are monitored by the ChainLink team to maintain Sybil resistance in the early stages of the network. A staking incentive mechanism that will give the digital token LINK holders the ability to stake their tokens with reliable node operators is already in place.

    This will aid the creation of permissionless and decentralized network that focuses on proving reliable and accurate data meant to be consumed by blockchain applications.

    Reasons for Joining the ChainLink Ecosystem

    According to the report, Chorus One has what it takes to work with networks that are powered by price oracles. The Terra Stablecoin protocol enables whoever interested in exchanging stablecoins with Luna, the native staking token of the network via an available market maker.

    Chorus One averred that the progress of ChainLink over the past months makes it convincing that there is a good chance of becoming the standard of providing off-chain data blockchain applications.

    Conclusively, Chorus One displayed its excitement in joining the ChainLink community to help make the adoption of real-world applications a reality.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Morgan Creek Co-Founder: I’m Buying Dogecoin (DOGE); When Emoji Jack Dorsey?

    Morgan Creek co-founder, Jason Williams, has recently showcased his interest in buying the trending cryptocurrency Dogecoin (DOGE), tasking the...

    Founder of a $1.4 Billion Hedge Fund Buys XRP, Hopes to See XRP at All-Time Highs Soon

    Former PM at Goldman Sachs, Will Meade, who founded a $1.4 billion hedge fund, has recently made it public that he just bought XRP,...

    David Schwartz Answers Questions on How Fair and Reasonable It Is for XRP to Stay below $0.2

    The Chief Technical Officer (CTO) at Ripple, was recently tasked by a crypto community member to explain how fair and reasonable it is for...

    Charles Hoskinson: Those Who Took a Very Bearish Contrarian Position on Cardano (ADA) Are Wrong

    Charles Hoskinson, the CEO of IOHK has stated that the 7th largest cryptocurrency by market capitalization, Cardano (ADA), has been proving those with bearish...

    Brad Garlinghouse Identifies the Lapses Ripple and XRP Can Fill In Global Economy in Terms Remittances

    The CEO of Ripple, Brad Garlinghouse, has recently pointed out the lapses in the traditional finance that he believes are affecting the huge part...

    More Articles Like This