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M^O Integrates Chainlink Proof of Reserves

Twitter icon  •  Published 1 year ago on October 18, 2024  •  Hassan Maishera

Chainlink announced via X on Thursday that M^O has integrated Chainlink Proof of Reserve’s Secure Mint capability to increase the security and transparency of the decentralized stablecoin M.

M^O Integrates Chainlink Proof of Reserves

Chainlink announced via X on Thursday that M^O has integrated Chainlink Proof of Reserve’s Secure Mint capability to increase the security and transparency of the decentralized stablecoin M. By integrating PoR into the minting function of M, M^0 can help mitigate infinite mint attacks.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 1% over the past 24 hours and is trading at $11.26 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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