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Celsius Adopts Chainlink’s Proof Of Reserve (PoR) Service

Twitter icon  •  Published 4 years ago on March 8, 2022  •  Hassan Maishera

The Chainlink team announced in a tweet a few hours ago that Celsius has adopted its Proof of Reserve (PoR) service.

Celsius Adopts Chainlink’s Proof Of Reserve (PoR) Service

The Chainlink team announced in a tweet a few hours ago that Celsius, a platform that allows users to earn, borrow and pay on the blockchain, has adopted its Proof of Reserve (PoR) service. Celsius will use the PoR to unlock cross-chain liquidity through wrapped tokens by enabling fully automated, decentralized on-chain audits.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by nearly 2% over the past 24 hours and is trading at $13.11 at press time.

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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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