Hassan Maishera
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.
