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Backed Integrates Chainlink Proof Of Reserves

Twitter icon  •  Published 2 years ago on December 19, 2022  •  Hassan Maishera

Chainlink announced via Twitter on Friday that Backed has integrated the Chainlink Proof of Reserves.

Backed Integrates Chainlink Proof Of Reserves

Chainlink announced via Twitter on Friday that Backed has integrated the Chainlink Proof of Reserves. Backed is a platform with fully-backed, tokenized real-world assets. The Chainlink Proof of Reserves was integrated to help increase the transparency of bTokens, Backed’s tokenized real-world assets that are backed 1:1.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 1% over the past 24 hours and is trading at $5.924 at press time. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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