Tie-Up Between Chainlink and Tezos Finally Happening

News
Thu, 04/30/2020 - 16:22
Alex Dovbnya
Chainlink’s decentralized oracles to be added to Tezos smart contracts
Cover image via stock.adobe.com
Contents

Tezos developers, Smart Chain Arena and Cryptonomic, are joining forces to make Chainlink oracles available for their network.

The tie-up between the two ecosystems was funded by the Tezos Foundation, according to a blog post published by Cryptonomic.     

Chainlinks co-founder Sergey Nazarov said that he was “looking forward” to that collaboration:

"We look forward to bringing Chainlink's oracle infrastructure to the Tezos ecosystem, supplying Tezos developers with high-quality data to power secure, truly reliable decentralized applications.”

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Bolstering Tezos smart contracts

With the help of this middleware solution, Tezos developer will be able to get access to off-chain data and integrate it into their applications. Its authenticity will be verified by the oracle that relies on a slew of validating patterns.

The integrated Tezos smart contract will be written in a Python-based called SmartPy. Cryptonomic promises to keep the community posted about their development progress.      

A partnership spree 

Chainlink, the leading smart contract technology supplier, has managed to secure partnerships with such juggernauts as Google and Oracle.

In February, its oracles services extended beyond Ethereum after multi-chain platform Polkadot announced their integration. 

Meanwhile, the Celsius Network started relying on Chainlink’s price data feed in late March to increase its level of transparency.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.


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