An <a href="https://www.globenewswire.com/news-release/2020/04/29/2024183/0/en/CasperLabs-Integrating-Chainlink-For-Stable-Fiat-Denominated-Transaction-Fees.html" target="_blank" rel="noopener">announcement </a>today from CasperLabs reads that it has planned on integrating the decentralised oracle, Chainlink which would allow it to securely store and access information and resources for all the applications running on its network. Chainlink would be an integral part of CasperLabs blockchain core system.

The platform is looking to come up with a new next-generation blockchain, which lacks permission, is completely decentralised and stable.  The smart contracts on the platforms according to CasperLabs are tailor-made for builders. The platform believes that the application making on the new blockchain would be just as easy as its use by the customers.

The next-generation blockchain plan by CasperLabs needs a robust and secure system to run on in order to bring the real world to the blockchain. This is where Chainlink can come in handy as it is in an elite oracle provider and it can help the new <a href="https://www.cryptoknowmics.com/news/what-is-blockchain-technology/">blockchain</a> in oracle nodes and to build a firm data system.

According to the CTO of CasperLabs, the new blockchain is built for business and Chainlink would add transparency to translate on the platform and simplify the business model.
<h2>CasperLabs Addressing a Key Concern</h2>
One of the biggest hurdles for business is transactional volatility. The platform is looking to be the first one to address and tackle this issue by coming up with a fee risk mitigation system. CasperLabs believes with this move they would be able to keep the volatility factor to a minimum and bring about a much-needed change.  The new fee system is complex and ergo, they need a profound oracle solution to which provides them with a solid base to run on and secure data. There's a growing belief that less volatility and more predictability would open the doors for further blockchain adoption. The integration with Chainlink looks set to address this issue helps the business out and make the next generation blockchain a viable dream and success.

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Casperlabs Integrates Chainlink on Its New Blockchain System

Casperlabs has decided to come up with a next-generation blockchain and has integrated Chainlink to secure data on its platform.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Casperlabs Integrates Chainlink on Its New Blockchain System

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