Crosswise Integration With Chainlink

Published on: 02.11.2021

Crosswise and Chainlink Labs agreed terms to sign a technical partnership for all three of Chainlink Labs products: Price Feeds, VRF and Keepers.

Chainlink Price Feeds enable Crosswise to connect smart contracts with real-world market price data. This way the platform retrieve the real price of any asset calling Chainlinks Price Feed. Therefore they don’t rely on their own price data which results in higher security of its platform protecting them against Flash Loan Attacks and any kind of price manipulation.

Chainlink VRF is a provably-fair and verifiable source of randomness designed for smart contracts. With this function we are for e.g. able to select entries of users trying to participate in an ICO of our platform. The Chainlink VRF function enables us to randomly select a specific amount of users that are able to participate in that ICO. This leads to transparency as those participants get chosen via VRF and not one of our own scripts.

ABOUT Crosswise
Crosswise is the next-gen cross-chain Decentralized Exchange (DEX) building a seamless DeFi user experience. Crosswise bridges the gap between centralized and decentralized exchanges, aiming to bring together the best of both worlds. Crosswise is committed to it’s users and brings back customers service and support to the DeFi space.

ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

RESOURCES
Medium

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