DUSK NETWORK TO INTEGRATE WITH CHAINLINK.
Dusk Network, the leading privacy blockchain for regulated decentralized finance (RegDeFi), today announces its intention to integrate with Chainlink — a secure decentralized oracle network which enables the development of auto-executing smart contracts based on real-world data and events, most notably price feeds.
Integrating with decentralised oracles is important for Dusk Network, as it provides the building blocks needed to create secure cross-chain bridges with other blockchains such as Ethereum and Elrond. Using cross-chain bridges, token projects from other blockchain networks will be able to benefit from the privacy guarantees of Dusk Network. This way, Dusk Network can become a privacy-layer for the entire blockchain ecosystem. In the future, the goal is to also enable users of DeFi applications to access privacy-preserving DeFi applications. Both solutions rely on an accurate feed of price data, securely provided by Chainlink’s decentralized oracle network.
About Chainlink
Chainlink is a decentralized oracle network set to play a pivotal role in the real-world implementation of blockchain technology. Oracle networks provide external data that trigger smart contract executions upon the fulfillment of predefined conditions. Chainlink can provide reliable, tamper-proof inputs and outputs for complex smart contracts and, as an agnostic blockchain launched on Ethereum, aims to be interoperable with other blockchains.
About Dusk Network
Dusk Network is an open source blockchain for financial applications. Data protection and privacy-preservation play a major role in Dusk Network, as well as its design for regulatory compliance. The blockchain is eco-friendly thanks to its own novel Proof-of-Stake consensus mechanism. Notably, the privacy-preserving blockchain is able to create smart contracts. Companies use the Dusk Network to power financial applications, issue tokens, trade and collaborate on a global scale. Dusk Network is built by a team of experts from Amsterdam, the Netherlands.
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