Chainlink Integrated into Moonbeam

Moonbeam wants to be providing innovative solutions by building an ecosystem that will make it easier for developers to build an interoperable application. The next stage involves using Chainlink’s reliable oracle network to secure an ecosystem that will make smart contracts developers to have access to bulk collection of on-chain market data.

Moonbeam, an Ethereum-compatible smart contract platform on the Polkadot network has integrated Chainlink into their testnet ecosystem. Moonbeam, an aspiring parachain of Polkadot network and a platform working to make it easier for developers to build natively interoperable applications recently announced the development.

The world adoption of blockchain is getting massive day after day, so this is the best time for us to focus our attention on blockchain oracle solutions. This is the exact function of Chainlink oracle network, Chainlink helps the system to access high-quality data feeds in a secure manner. In short, the Chainlink oracle network helps the smart contracts with a mechanism to reliably interact with data outside of their underlying blockchains which will provide a real-world value.

WHY CHAINLINK INTEGRATION?

The goal of the integration is to make it easier for developers to build smart contracts using any external data resource without leaving the Polkadot ecosystem. The Chainlink's oracle network was built to expand the capability of smart contracts. This was done by enabling smart contracts to have access to real-world data and information without bridging the security nor go against what blockchain technology enticed.

The integration of Chainlink Price Feeds on Moonbeam will enhance the following features

• High-Quality Data
• Secure Oracle Nodes
• Decentralized Computation
• Proven Oracle Infrastructure

The Moonbeam integration of Chainlink is a great development in the blockchain industry and a life changing story for smart contracts and dApps developers. Moonbeam make us to understand that the integration with Chainlink will make smart contracts developers to have access to bulk collection of on-chain market data. This will be possible because the integration was done with the "price feed of Chainlink". It will further make the system to be highly reliable and secured.

The conjunction of Moonbeam with Chainlink will provide a suite of oracle solutions for smart contract developers. It will further help the smart contract developers to interact between the on-chain and off-chain data.

Closing Thought!

Chainlink’s oracle network has been one of the most popular projects in the world and the integration of Chainlink on Moonbeam will make developers to swiftly build smart contacts and dApps on the Moonbeam ecosystem. Finally, the architecture of Chainlink’s oracles will provide a method for smart contracts developers to build a cross-chain dApps across any blockchain environment.

USEFUL INFORMATION

Moonbeam website: https://moonbeam.network/

Telegram ANN: https://t.me/moonbeam_announcements

If you are a smart contract developer and you want to start building on the Moonbeam TestNet or Moonbase Alpha, kindly visit here https://docs.moonbeam.network

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