Aptos Leverages Chainlink To Enhance Scalability and Data Access, Here’s All
Aptos has added Chainlink Data Feeds to give developers access to reliable off-chain data in order to enhance the development of dApps on its blockchain. Chainlink is a decentralized oracle network that provides trusted and secure data to blockchains, and it is a popular solution in the Web3.
This integration will improve scalability, reliability and security of applications that are developed on Aptos.
Aptos Partners With Chainlink For Web3 Applications
In its most recent blog post, Aptos revealed that it is now collaborating with Chainlink Data Feeds to further complement its blockchain community. This integration enables the Aptos developers to integrate reliable off-chain data in their dApps. To avoid the risk of a single point of failure, Chainlink’s infrastructure combines data from several premium sources.
The integration will improve the credibility of the data required to design and build intricate applications. As a result, Chainlink’s decentralized oracle network will be utilized by Aptos to enable a secure and high throughput dApps environment. This will go a long way in helping to attend to the increasing needs of the Web3 ecosystem.
Thodoris Karakostas, head of blockchain partnerships at Chainlink commented,
“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways developers leverage it.”
It is worth noting that Aptos Labs co-founder and CEO, Mo Shaikh recently resigned, with co-founder Avery Ching taking over as CEO.
Scalability and Security With Aptos’ Modular Architecture
Aptos has positioned itself as a high-performance blockchain with a focus on scalability and security. Its use of the Move programming language and Block-STM engine allows for efficient execution of complex transactions. This modular architecture supports reduced latency, ensuring fast and seamless user experiences.
With the addition of Chainlink Data Feeds, Aptos strengthens its ability to support enterprise-grade applications. Developers can now build decentralized solutions with enhanced security and scalability, addressing the evolving needs of blockchain users.
Chainlink has become a trusted standard for delivering verifiable data to blockchains, supporting major decentralized finance (DeFi) protocols. Its decentralized infrastructure eliminates manipulation risks by providing tamper-proof data through a network of reliable nodes.
Chainlink’s technology plays a critical role in advancing Web3 by enabling real-time and accurate data delivery.
Ripple Leverages Chainlink for RLUSD Stablecoin
Notably, earlier this week, Ripple partnered with Chainlink to enhance its Ripple USD (RLUSD) stablecoin. Consequently, Chainlink’s decentralized oracle network now delivers secure price feeds for RLUSD on both Ethereum and the XRP Ledger.
Ripple’s adoption underscores the growing importance of secure data delivery in blockchain-based finance. The collaboration will boost RLUSD adoption by ensuring real-time, accurate pricing data. This will actively bridge the gap between blockchain technology and traditional finance.
Meanwhile, LINK whales offloaded 770,000 tokens worth $18.4 million between January 1 and January 4, following a 21% price rally.
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