JavaScript Smart Contracts Platform Taps LINK For Fast DeFi Data

JavaScript Smart Contracts platform Agoric will use Chainlink’s oracle data to allow developers to build smart contracts using one of the world’s most popular and secure programming languages. In today’s Chainlink news.

Agoric announced the integration of Chainlink data from the decentralized oracle network and will allow developers to build smart contracts using JavaScript. The Chainlink integration is available on Agoric’s testnet which plans for a mainnet launch in 2021. Chainlink is integrated into Agoric which is a JavaScript smart contracts platform that will pave the way for Defi developers. Agoric announced today the integration of the chainlink decentralized oracle data into the smart contract development platform which will allow the developers to create new products quicker and without creating custom data feeds. With chainlink providing price and activity data, the developers can use Agoric to pull together the DeFi projects which could impact the fast-moving world of on-chain finance.

Our new integration with @chainlink provides high-quality data & provably secure oracles to our #JavaScript smart contract platform. Read more about our official #DeFi integration: https://t.co/2oCubznB3b

— Agoric (@agoric) October 21, 2020

DeFi and other applications are most of the time developed in blockchain-native coding languages like Ethereum’s Solidity but the platform from Agoric allows developers to create smart contract-powered decentralized apps using the battle-tested JavaScript coding language. Chainlink’s integration is live now on the Agoric testnet and the project aims to launch the mainnet on the Cosmos network 2021. Agoric CEO Dean Tribble said:

“For the first time, JavaScript developers will be able to write safe DeFi smart contracts on-chain, with the power of Chanlink’s external data. The Agoric-Chainlink integration will offer a pluggable way of getting external data to the Agoric chain, meaning JavaScript smart contracts can both directly query and react to events based on Chainlink oracles. This combination brings information-rich DeFi dapps to market more quickly.”

DeFi represents a set of blockchain-based applications that replace the financial functions that are provided by financial institutions like banks and consumer loans with interest on customer deposits. DeFi projects use automatically executed codes that are known as smart contracts to execute financial activities on the decentralized network by lowering overhead costs and prevent the programs from being shut down by governments or even malicious attackers.

Chainlink aims to provide secure and accurate data for the on-chain protocols like Defi protocol Synthetix and Kyber Network. Agoric will now use Chainlink’s oracles to provide data feeds for the smart contract development platform as the head of business development at Chainlink Daniel Kochis said:

“With this integration, people will be able to use a Javascript-based language to create smart contracts that can be triggered by real-world, off-chain data. We see this as an incredibly important step for onboarding the world’s largest developer community into the rapidly growing DeFi ecosystem.”