Tokamak Network Integrates Chainlink Oracles
Tokamak Network’s interoperable layer 2 platform will integrate Chainlink oracle solution.
This is On-demand Ethereum Layer 2 platform ‘Tokamak Network’ that makes it easy for anyone to build highly scalable and interoperable decentralized applications (DApps). To make this possible, smart contract developers require key infrastructure and tooling in order for DApps with diverse needs to be actively developed on our layer 2 platform. To remove developer friction, Tokamak Network will integrate Chainlink’s industry-standard oracle solution to give DApps on-chain access to reliable Data Feeds and secure verifiable randomness.
They elected to integrate Chainlink as the recommended oracle solution for the Tokamak Network because it is the most widely-used and time-tested oracle network in the industry, already securing tens of billions of dollars for top DApps. Chainlink offers developers a wide range of off-chain data feeds and external computations to enhance their DApp’s on-chain capabilities. Chainlink oracles also have a proven history of reliability during extreme periods of market volatility and network services. Additionally, Chainlink is blockchain-agnostic and running live or actively being integrated in multiple blockchain and layer 2 environments, making for a more seamless and comprehensive integration.
The Tokamak Network is essentially a network of Layer 2 networks designed to eliminate fragmentation by providing both a protocol and a platform to build and connect existing scaling solutions. With Tokamak Network, developers can build custom layer 2 networks that leverage our Cross-Layer Message Protocol to interoperate with existing layer 2 solutions such as Optimism, Arbitrum, Starkware, Polygon, and zkSync. Our platform currently offers a plasma scaling solution, but we will soon expand support for Optimistic Rollups, ZK-Rollups, and ZK-Opru solutions.
However, similar to blockchains, Layer 2 solutions have no built-in ability to call external APIs, commonly referred to as the blockchain oracle problem. Oracles are middleware that fetch external data, validate it, and deliver on-chain for the smart contract, as well as perform other advanced off-chain computations to support the DApp. Oracles provide many important services, such as supplying DeFi with price feeds, insurance contracts with weather data, gaming/NFT projects with randomness, and much more.
Chainlink has established itself as the premier oracle solution for the blockchain industry. Chainlink Price Feeds supply large DeFi projects with financial market data like Synthetix, dYdX, and Aave, while Chainlink VRF (Verifiable Random Function) provides randomness to many gaming and NFT projects like PoolTogether and NBA star LaMelo Ball’s dynamic NFTs.
Some of the notable features of the Chainlink Network include:
- Decentralized Infrastructure — Chainlink oracle networks are decentralized at the data source and oracle network level, creating redundancies to ensure oracle services are highly available, manipulation resistant, and precise.
- Secure Oracles — Chainlink has a large pool of security-reviewed, Sybil resistant node operators run by professional DevOps teams with a long track record of reliability even during unexpected conditions.
- Transparent Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
- Universal Connectivity — Chainlink is permissionless, open-source infrastructure that is blockchain and API agnostic, enabling any blockchain and API to interoperate.
“The Chainlink oracle integration will provide developers with an expanded set of secure and reliable off-chain capabilities like connection to price feeds and randomness, ultimately supporting a wide range of dApps building on Tokamak Network,” stated Kevin Jeong, Founder of Tokamak Network. “As we continue to expand our protocol, we will explore additional Chainlink decentralized services to further empower smart contract developers building next-generation DeFi, NFT, and blockchain gaming applications.”
What is Chainlink?
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
What is Tokamak Network?
On-demand Ethereum Layer 2 platform ‘Tokamak Network’ is a blockchain building platform that provides a very high level of scalability while ensuring the same level of decentralization and safety as Ethereum. It is easy to build customized blockchain through layer 2 solutions (plasma EVM, zk-rollup, optimistic rollup, etc.) developed to satisfy the needs of each decentralized application.
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