Huobi Global to Run Chainlink (LINK) Node After Partnership

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Altcoins
Huobi Global to Run Chainlink (LINK) Node After Partnership

The pricing data of Singapore-based Huobi Global will be availed to smart contracts through Chainlink’s decentralized oracles, a blog post published on July 3, 2020, has revealed. The partnership will also see Huobi wallets run live Chainlink nodes further fortifying the oracle’s network. 

Huobi Global to Avail On-Demand Crypto Pairs

Specifically, BTC/ETH, BTC/USDT, ETH/USDT, and LINK/ETH pricing data will be accessible to smart contracts. Since Chainlink is blockchain agnostic and its oracle services already in use by several networks including ATOM, the main beneficiary will be DeFi dApps. 

Blockchain-based financial apps will access vetted, tamper-proof, real-world data resulting in more diversified, secure, reliable, and trustless DeFi innovations.

Commenting, Sergey Nazarov—the co-founder of Chainlink, said:

We’re excited to help Huobi make it’s exchange data available to the DeFi market, both by onboarding them as a Chainlink node operator and using Chainlink external adapters to make the Huobi exchange API accessible to smart contracts.

Chainlink Bags High-Level Partners

Given the number of partnerships and recognition in recent times, Chainlink is undoubtedly the market leader in the provision of oracle services. 

It continues to link smart contracts with off-chain data and has partnered with large enterprises like Google, SWIFT, and Oracle. 

In June, it was recognized by the World Economic Forum (WEF) as a technology pioneer and a blockchain leader putting them in the same league as Google in their heydays.

Furthermore, China’s Blockchain Services Network (BSN) will, through an intermediary (the IRITA interchain service hub), use Chainlink’s oracles, therefore, enabling dApp developers to build on the platform. Generally, users of the BSN will have greater reliability, security, and interconnectivity. FLETA, a blockchain supported by the South Korean government, has also integrated Chainlink to authenticate off-chain patients’ data.

Chainlink Oracle Reputation (COR) Adds Ropsten Test Network Support

Chainlink’s success in attracting high profile partners has been reflected in their quest to continuously improve their services. The Chainlink Oracle Reputation (COR) on July 1, 2020, said it was adding Ropsten test network support. 

Subsequently, COR will “offer the entire COR visualization tooling” enabling node operators to monitor their performances before diving head into the Ethereum mainnet. However, depending on the community feedback, they may extend their support to “beyond the Ropsten test network.”

In June, BTCManager reported that CryptoMiso had identified Chainlink as one of the most actively built platforms ranked by GitHub activity.

Dalmas Ngetich

Dalmas is a very active blockchain and cryptocurrency content creator and highly regarded Technical Analyst. He is a Mechanical Engineer by profession and an activeTrader, whose first encounter with Bitcoin was in 2015—and by accident. Ever since, it has been an exciting journey where life-long friendships have been forged, and careers made and strengthened.