Galaxy Digital to provide market data to blockchains with Chainlink

Despite the innovations brought about by blockchain technology, a blockchain by itself does not automatically come with market data. To fix this, the trading and asset management firm Galaxy Digital has collaborated with blockchain oracle provider Chainlink.

In an announcement sent to Cointelegraph, Galaxy highlighted that the firm will provide its crypto pricing data to blockchains through Chainlink. The firm believes that with this data, smart contract developers will have the ability to build more advancedZane Glauber, the head of strategic opportunities at Galaxy, told Cointelegraph that they believe that the integration will have a positive effect on the blockchain ecosystem.

“Blockchains don’t come preloaded with external data, so we’re providing reference prices for spot digital assets that will be able to power a variety of complicated financial structures that only have traditionally been the domain of our existing financial system.”primitives and DApps because these products need reference prices that can be embedded within smart contracts.

Yaser Jazouane, an executive at Chainlink, also commented on Galaxy’s move. Jazouane said that high-quality pricing data is a key that unlocks various use cases all across DeFi. “High-quality market data underpins the DeFi economy,” he said.While DeFi still looks to have a lot of potential for development, the space is still hounded by hacks and exploits. Just recently, a vulnerability in the vanity wallet address generator Profanity was exploited by hackers.

chainlink 💶💎

chainlink Hmm 🤔

chainlink 🚀Thnkss a millon.

chainlink newws are duumb abouut this

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

1M Aussies will enter crypto over the next 12 months — Swyftx surveySwyftyx’s Head of Strategic Partnerships Tommy Honan says even in the midst of a bear market, belief in the fundamentals of crypto and blockchain is driving a desire to acquire digital assets. why iss nobody taalk thiss trick Hulley212 No doubt that adoption will come sooner and faster than we think, now imagine how many people will be onboard over the next few years
Source: Cointelegraph - 🏆 562. / 51 Read more »

Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear MarketExclusive: A solar-powered bitcoin miner acdc_hq raised $8 million in funding, led by GalaxyDigital and polychaincap for its second mining facility. Reports Aoyon_A acdc_hq GalaxyDigital polychaincap Aoyon_A 🚀Thankss a millon acdc_hq GalaxyDigital polychaincap Aoyon_A pleased ! 🔥 I wiish I founnd thiis lonng tiime ago acdc_hq GalaxyDigital polychaincap Aoyon_A 👀arcbtc for the repo?
Source: CoinDesk - 🏆 291. / 63 Read more »

Biggest Movers: LINK Hits 6-Week High, UNI up 16% on Tuesday – Market Updates Bitcoin NewsChainlink rose to a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. Really, I only listen to ChiefraFba for signals and analysis Be honest, does your job truly make you happy ? If NO then DM I have an idea for you. With all I've achieved through my investment with her, I must recommend her to others. Her credibility cannot be overlooked, Already earned $96,678 in 2 months. Her trading strategies gives insane results. Truly there are experts in the market. Connect with Neliwecynthia
Source: BTCTN - 🏆 531. / 51 Read more »