Full Service Suite for Developers
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In a recent integration, Base provided its developers and users with access to all Chainlink services, including Data Streams and VRF infrastructure. This collaboration unites a builder-friendly ecosystem with industry-standard decentralized computing infrastructure, enhancing both platforms’ capabilities. Chainlink Services on Base The integration allows developers on Base to create user experiences rivaling those of centralized exchanges (CEXs). Chainlink contributes ultra-fast, user-friendly DeFi products with high throughput, while Base Layer-2 (L2) brings unmatched on-chain execution speed and security through its Ethereum connection. Although Coinbase incubates the Base blockchain, it is secured by the Ethereum network, providing the stability and scalability needed to support decentralized applications (dApps). With Chainlink’s full suite of products available on Base, developers can leverage CCIP, functions, price feeds, data streams, and VRF. According to Tom Vieira, Head of Product at Base, this will enable the building of on-chain apps. Read More: What is Base Chain? Everything You Need to Know The development enhances capabilities for both developers and users. It marks a significant milestone in the evolution of the decentralized finance (DeFi) market and the progress of blockchain technology. By equipping developers with essential tools to build dynamic, secure, and high-performance applications, it also ensures that users enjoy a seamless and efficient on-chain experience. “Base’s builder-friendly environment is a natural fit for Chainlink products, and we’re excited to see the entire Chainlink platform now available on Base. Chainlink Data Streams’ low-latency market data will enable developers to build the next generation of DeFi products. VRF will now enable smart contracts on Base to access random number generation securely,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. Base TVL Grows 19.7% in August As BeInCrypto reported, Base founder Jesse Pollak is also planning to build a “dream wallet. These developments highlight the continued acceleration of the L2 flywheel, with…
Filed under: News - @ August 16, 2024 1:23 pm