Chainlink Expands Price Feeds to Cover 25 Trading Pairs

2020-1-31 00:30

Chainlink has announced that it now offers price reference data for more than 25 trading pairs. These kinds of feeds are vital for decentralized finance applications.

As of today, Chainlink’s list includes data on 16 Ethereum trading pairs and nine USD trading pairs. Notable trading pairs include ETH/USD, BTC/USD, and EUR/USD.

So far, three sites have integrated Chainlink’s data. Synthetix, an asset backing platform, is supporting USD trading pairs. Meanwhile, the lending platform Aave is supporting ETH pairs. Loopring has also added support for one pair in each category.

This development marks a significant expansion for Chainlink: until recently, the platform only offered price data for seven trading pairs.

Now, Chainlink’s data collection is the largest of its type, according to the project itself.

How It Works

Unlike CoinMarketCap and other market aggregators, Chainlink does not gather its data from exchanges. Instead, it gathers data from independent node operators.

These node operators are given incentives to provide accurate data. They also undergo security reviews and are resistant to Sybil attacks that could disrupt reporting.

This means that the data can be audited and verified for accuracy and integrity. It is possible to do so simply by visiting the project’s website.

In the image below, Chainlink shows which data sources are online and displays the time of the next update. Ethereum’s average price is shown in the center:

Via Chainlink The Importance of Oracles

As Chainlink has noted, decentralized finance (DeFi) services require reliable access to market data in order to execute transactions and to swap assets.

Though some DeFi services can make use of basic on-chain data, that option is not practical for the vast majority of services. “Obtaining the most reliable price for an asset requires aggregation from multiple off-chain data sources,” Chainlink explains.

That is precisely the role that Chainlink provides as an oracle provider, along with other comparable platforms such as Aeternity and Band Protocol.

Of course, the fact that oracles require strict data handling means that they are not comprehensive. Though Chainlink may be the largest oracle platform, it offers far less data than market aggregators, which track price data for thousands of assets.

However, as demand for DeFi grows, it is likely that demand for oracles will grow along with it — and Chainlink is by far the top-performing project in its category.

The post Chainlink Expands Price Feeds to Cover 25 Trading Pairs appeared first on Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0221493 (-70.68%)

trading pairs chainlink data feeds price decentralized

Источник: cryptobriefing.com

trading pairs → Результатов: 126


Фото:

OKEx Delists More Than Fifty Underperforming Trading Pairs From Its Platform

The Hong Kong-based cryptocurrency exchange, OKEx, announced on October 25, it will be delisting more than 50 underperforming trading pairs. Delisting Will Only Affect Trading Pairs – Users Can Still Keep Their Assets According to the press release, the exchange plans to remove trading pairs with weak liquidity and trading volume, based on the “OKEx Token […] OKEx Delists More Than Fifty Underperforming Trading Pairs From Its Platform was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-30 15:59


Huobi Enters the Australian Cryptocurrency Market With 10 AUD Trading Pairs

Australia is still an integral part of the cryptocurrency ecosystem. Especially considering that it has a somewhat accommodating regulatory ecosystem, the country should not be overlooked. This is why Huobi has decided to expand its presence to Australia, as it now supports AUD trading of ten cryptocurrencies. Huobi Continues to Expand There have been a […]

2018-7-10 23:00


Фото:

BTCC Relaunch Suggests Exchange Will Create Binance-Style Token

Chinese-owned cryptocurrency exchange BTCC has formally announced the relaunch of its platform while hinting it will launch an internal token. BTCC Token Will Be ‘Fully Convertible’ In a release on July 2, BTCC — which is among the longest-running exchanges both in China and the world — revealed basic details about its token and plans to progressively introduce new trading pairs.

2018-7-2 18:00


Crypto Exchange BTCC Back to Business With New Plans

After nearly a one year exile from exchange activities, BTCC has announced a return to business with new plans designed to propel the rise of the exchange back to its glory days. The company has officially reopened its exchange on Monday allowing crypto-to-crypto trading options as well as trading pairs including Bitcoin, Ethereum, Bitcoin cash, […] The post Crypto Exchange BTCC Back to Business With New Plans appeared first on ZyCrypto.

2018-7-2 15:17


Фото:

Bloomberg fatal records Crypto Advertise File From World’s Third Biggest Trade Huobi

Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi’s Cryptocurrency Index, according to a press release shared with Cointelegraph today, June 21. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP),

2018-6-21 22:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin dominance falls: Time to stock up altcoins like LINK now?

Bitcoin dominance and a technical indicator suggested it might be time for swing traders to look at altcoins. Relative strength against BTC is an important factor alongside long-term support zoThe post Bitcoin dominance falls: Time to stock up altcoins like LINK now? appeared first on AMBCrypto.

Post-halving Bitcoin, Chainlink lead the chatter - What are you missing?

BTC has over 138 million social activities, while LINK has over 50 million. Consecutive price trends have contributed to the increased social activity. Recent data indicates that Bitcoin [BTThe post Post-halving Bitcoin, Chainlink lead the chatter - What are you missing? appeared first on AMBCrypto.

Bitcoin halving aftermath: LTC, LINK emerge as investor favorites

Crypto investment products saw outflows worth $206 million. LTC and LINK outperformed Bitcoin because of the halving and interest rate speculation. A total of $206 million flowed out of crypThe post Bitcoin halving aftermath: LTC, LINK emerge as investor favorites appeared first on AMBCrypto.

Can LINK rally to a new ATH on the back of Bitcoin's halving?

Bullish sentiment around Chainlink rose on the back of Bitcoin's halving  Buying pressure was high, hinting at a sustained price hike  Chainlink [LINK] recorded a solid comeback over the lThe post Can LINK rally to a new ATH on the back of Bitcoin's halving? appeared first on AMBCrypto.

Chainlink-Ethereum integration - Brace yourself for bad weather?

LINK gained traction after the project disclosed the update with ETH cross-chain transfers.  The price of the token might drop below $14 in the short term. The number of new Chainlink [LINKThe post Chainlink-Ethereum integration - Brace yourself for bad weather? appeared first on AMBCrypto.

ChatGPT и Google Gemini предложили свою версию инвестиционного криптопортфеля для защиты от халвинга

Журналисты изданий Finbold и Bits.media предложили чат-ботам с элементами искусственного интеллекта сформировать вариант эффективного, но ограниченного по сумме криптопортфеля в преддверии халвинга сети Биткоина.