Chainlink rolls out support for XDai which is a layer-two sidechain that saw centralization is not able to stop major dapp players so let’s read more in our latest chainlink news today.
The Chainlink oracles made their way to xDai as an ETH sidechain that saw growing adoption among Dapp developers that are not able to sustain themselves due to the high fees on the Ethereum mainnet. The price feeds are live on the xDai mainnet and offering price data for the initial set of trading pairs like AAVE/USD, LINK/USD, DOT/USD, and SUSHI/USD.
buy clomiphene online https://yourcialisrx.com/dir/clomiphene.html no prescription
More pairs should be expected if there’s more demand.
The integration was done by Protofire which is a development workshop and xDai validator with the team receiving a Chainlink Community Grant to port native oracles on XDai and the token bridge adapter that enables native LINK payments for the functionality of the oracle. The integration of the LINK price feeds is the latest in the series of positive adoption news as the chain has already been hosting major ETH-based Dapps like Perpetual Protocol and Omen. The inclusion of native Chainlink oracles will erase a huge barrier for projects that rely on them and will open up xDai for more dapps that want to avoid the congested ETH mainnet.
In the ETH community, xDai is known as a centralized layer two solutions and was launched by the PoA network that eventually transitioned to a POS model that is used by EOS and Binance Smart Chain. The number of validators can never surpass 19 which is a huge benefit that provides faster scalability with xDai offering 70 transactions per second. Friederike Ernst who is a chief operating officer at Gnosis said:
“It is not as decentralized as mainnet, this goes without saying. Obviously these are for very different use cases: you don’t want to do things on xDai where you need the economic consensus guarantees of layer one. But for many things, you don’t actually need them.
buy temovate online https://yourcialisrx.com/dir/temovate.html no prescription
”
As chainlink rolls out support for XDai, the centralization concerns are not enough to stop the adoption. LINK’s head of integrations at chainlink Labs Johann Eid said that the smart contract developers should have the option to work with the best chain to fit their use cases.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post