Tech Firm Using Chainlink (LINK) To Record United States Election Results on the Blockchain
AI Trading

Staking Facilities has announced that it has joined the ChainLink ecosystem as a node operator. Staking Facilities also claimed to possess a wealth of experiences in node validation.

Blockchains will surely attain their disruptive potential if they have a sure connection with the real-world. In order to realize this potential, off-chain data need to be brought to the blockchain ecosystem by oracles.

Oracles give smart contracts the ability to retrieve data from outside the blockchain. This makes the extension of the range of valuable application designs possible with blockchain technology.

Howbeit, it’s not a good idea to make a highly secure decentralized smart contract rely on just one oracle. This allows a single point of failure, which poses a threat to the security and trustworthiness of the concerned application.

AI Trading

Staking Facilities Is Eager to Support Chainlink’s Mission

According to Staking Facilities, it has garnered experiences in validation services for networks such as Tezos (XTZ), Cosmos (ATOM), the Open Application network, Edgeware, and Kusama.

It assured that the experience gained from working with the aforementioned networks is enough to work successfully with its new partner, Chainlink.

Staking Facilities added that it has experience in running highly secure and enterprise-grade infrastructure. It stressed on its deployment of core infrastructure at Tier 3+ data centers, ensuring high availability and security using state-of-the-art monitoring.

It added that multiple fullnode Geth nodes are run on its bare-metal hardware, which is distributed for redundancy across multiple sites.

Staking Facilities pointed to its access to synchronized Ethereum nodes without only relying on external providers. This it sees as an added advantage in providing solid reliability and uptime to services such as Chainlink.

Conclusively, it reiterated its eagerness to join the Chainlink ecosystem, in order to support its community with its know-how, hardware, and services as the Chainlink team works to enhance the mainstream adoption of blockchain technology.

Chainlink Gives Staking Facilities a Warm Welcome into Its Ecosystem

Chainlink also took to Twitter some hours ago to welcome the services of Staking Facilities into its ecosystem as a node operator.

Chainlink shared this, “Welcome Staking Facilities to the Chainlink ecosystem as a new node operator! Based in Germany, Staking Facilities offers enterprise-grade infrastructure & state of the art monitoring for over $18M in staked assets from 450+ customers across 7 different networks.”

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Tobi Loba

By 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 satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.