Conflux is collaborating with Chainlink, a decentralized oracle system that links smart contracts safely to outside data sources, web APIs and traditional payments. As DApps require dependable facts from the real world to carry out smart contracts when certain conditions are met, oracles are essential.
Chainlink’s oracle network serves as the bridge that allows Conflux smart contracts (on-chain) to access reliable and dependable data from outside the Conflux blockchain (off-chain). Notably, Chainlink brings decentralization to off-chain connections (oracles) in order to guarantee that there is no single point of failure in the smart contract.
This integration establishes a steady, yet distributed connection between outside information and Conflux smart-contracts that enables applications requiring high throughput solutions. With an increasing Conflux ecosystem and its augmenting number of DApps, projects can extend their capability to off-chain settings without having to give up scalability, decentralization, or security.
Future Outlook
For DApps to become accessible to billions of users, the blockchain layer must be securely linked to off-chain information and systems. Without this connection, blockchains are isolated networks with limited capabilities, similar to computers not connected to the Internet. This link marks the beginning of an optimistic future for widespread use and is crucial for enhancing the developer experience. By joining forces with Chainlink, Conflux is one step closer in realizing that dream for developers all around the globe.
Learn More About Chainlink
Chainlink is regularly given the nod of approval by leading research firms like Gartner and is highly esteemed for its secure and dependable oracles, which major organisations such as Google, Oracle, SWIFT, and numerous other big businesses are using. It is also well-known in the smart contract world with projects/teams including Web3/Polkadot, Kaleido, Synthetix, OpenLaw, Reserve and beyond relying on Chainlink.
