CryptoCart Will Integrates With Chainlink Price Feeds Oracles
CryptoCart goal is to bridge the gap between decentralized finance and e-commerce like never seen before in crypto. The platform have announced integration with Chainlink Price Feeds Oracles as their go-to oracle solution for the CryptoCart marketplace and gift card store.
Chainlink Price Feeds will be beneficial to the CryptoCart Marketplace and Gift Card Store as their oracle solution provides accurate data through multiple layers of decentralization and by sourcing numerical data from hundreds of nodes, which are aggregated and validated, removing any inconsistencies and are relayed back on-chain. This will guarantee that all prices shown at the CryptoCart checkout are the live real-time prices to the highest degree of accuracy. Chainlink already works very closely with some of the top cryptocurrency projects, and CryptoCart are delighted to become adopters of their time-tested oracle infrastructure.
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that are aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and wash trading. Chainlink’s data aggregation model generates accurate global market prices resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record for reliability, even during high gas prices and extreme network congestion.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
ABOUT CHAINLINK
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains and real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others. Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds.
ABOUT CRYPTOCART
CryptoCart, goal is to successfully bridge the gap between decentralized finance and e-commerce like never before. CryptoCart is a digital marketplace where consumers can purchase real-world goods and gift cards and checkout through using some of their favorite DeFi cryptocurrencies as a payment method.
RESOURCES
CryptoCart Blog | Twitter
