NEAR Blockchain Protocol Integrates Chainlink’s Data Oracles

The NEAR blockchain protocol integrates Chainlink’s data oracles and also considers using the randomness functions to provide better gaming experiences and contact with DeFi applications so let’s find out more in the Chainlink news today.

The NEAR Blockchain protocol integrated LINK’s oracle services as it aspires to become the latest project to integrate Chainlink’s decentralized oracles as it is built on a new consensus algorithm called Doomslug, employing sharding to get maximum scalability. According to the co-founder Illia Polosukhin, what makes NEAR different is its extremely user-friendly platform, end-user interface, and development environment as he said:

 “So if you think of gaming applications, many of them have not managed to get to the market because users cannot figure out how to even start playing right now. They need to install stuff and to buy stuff, etc.
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So we are really focused on building a full stack of tools, but also making sure the developer can really easily onboard users into the platform.”

There are not a lot of decentralized applications that use NEAR and its token is still locked but Polosukhin said that the token is expected to be listed on exchanges in August saying that there are going to be major announcements in the upcoming weeks. Polosukhin believes that some of the initial use cases for LINK’s data oracles could come from the DeFi space. In the upcoming future, NEAR could be using Chainlink’s verifiable randomness function because gaming applications present the most immediate use cases and there’s a lot of issues that the Gods Unchained experienced because of the lack of of time Ethereum encountered.

According to Polosukhin, Ethereum 2.0 could become a huge competitor to NEAR in the current incarnation that they have a peaceful coexistence than the direct competition by saying:

 “I think Ethereum proved that the idea of a Turning machine secured by Blockchain is possible and needed. From our perspective, we are part of the Ethereum community, so we are celebrating it with them.”

Chainlink made a lot of announcements in the past few months and the pace of the announcements has been accelerating since the report by Zeus Capital calling LINK a scam came out.