Chainlink Integration Now Live On Agoric Testnet
DeFi, dapps, or any other blockchain apps are generally built using blockchain-native programming languages such as Solidity.
Agoric CEO Dean Tribble said in the announcement:
Sergey Nazarov, Co-founder of Chainlink, added his remark on the integration:
Chainlink integration is now live on the Agoric testnet, with plans for a mainnet launch in the Cosmos network in 2021.
Bringing Data Oracles Into Smart Contract Development Platform
Smart contracts are programs that enable the automatic execution of codes, according to the terms of the contract. Its use cases involve transferring cryptocurrencies from one address to another if the contract terms are applicable.
Meanwhile, data oracles bring real-time data on top of a blockchain network through smart contracts. DeFi projects mainly involve the use of smart contracts into its system to enable the automatic execution of any financial activity on its platform.
With Chainlink providing secured, price, and activity data to on-chain DeFi protocols, developers can now use the Agoric platform to access Chainlink price oracles data feeds into its smart contract development platform.