Chainlink Introduces Its Low-Latency Oracle Solution For The DeFi Market

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

Chainlink introduced its low-latency oracle solution for the DeFi market in a blog post on Tuesday.

Chainlink Introduces Its Low-Latency Oracle Solution For The DeFi Market

Chainlink introduced its low-latency oracle solution for the DeFi market in a blog post on Tuesday. The team explained that the low-latency Oracle solution is an architectural design tailored precisely to meet the unique requirements of derivatives dApps. Chainlink added that a testable version of this new pull-based Chainlink oracle solution would be ready by the end of the year. The architecture leverages high-speed data providers combined with Chainlink Decentralized Oracle Networks to deliver high-frequency pricing data to derivative dApps off-chain, while still providing on-chain verification, the team added. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by less than 1% over the past 24 hours and is trading at $7.804 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.