NFT Collection The Superlative Secret Society Price, Stats, and Review
Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?
Why Chainlink [LINK] and MATIC are more similar than you think
Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency
Bitcoin Cash Analysis: Bears Gain Strength Below $550
Bitcoin Price Still At Risk of Major Downside Break Below $60K
Mango Markets Exploiter Avraham Eisenberg Convicted In $110M Crypto Fraud
Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?
Shiba Inu: Key indicator shows concerning signs, what now?
Bitcoin Dips Below $60K as Israel Launches Strike on Iran
Examining if Bitcoin’s price will slide to $58K post-halving
Bitcoin Continues To Struggle: Analytics Firm Reveals What Whales Are Doing
Bitcoin: Expect The Unexpected – Analyst Sees Unconventional Bull Run Post-Halving
Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst Forecasts
Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average
‘Legitimizes Ethereum like never before:’ All about the new Stablecoin Act
Bitcoin Miners Accumulating Just Like In 2020: Is BTC Preparing For $100,000?
Why Bitcoin’s halving will be better for Ethereum, XRP, BNB price predictions
Crypto-Linked Money-Laundering Scheme Worth $230M Uncovered In Hong Kong
Ethereum Blockchain’s Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge
Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others
Bitcoin Halving: Goldman Sachs Downplays Impact of ‘Buy the Rumor, Sell the News’
Bitcoin HODLers With Zero History Of Selling Just Bought All-Time High Amount
318M USDT flow into Ethereum: Good news for ETH’s price?
After Google Cloud, ThunderCore Announces Collaboration with Chainlink for Oracle Services
Coinspeaker
After Google Cloud, ThunderCore Announces Collaboration with Chainlink for Oracle Services
On Thursday, June 13, Google Cloud made a big announcement to develop hybrid blockchain/cloud applications in partnership with Ethereum and Oracle service provider Chainlink.
Just a day after on June 14, ThunderCore seized the opportunity to announce its partnership with Chainlink. ThuderCore is an EVM compatible blockchain platform. The platform basically focuses on “supporting developers by creating an ecosystem that enables them to turn their DApps into full-fledged businesses”.
The Chainlink oracles basically act as a gateway between off-chain cloud services and on-chain smart contracts. In the official blog post, ThunderCore’s Peter Abilla writes:
Transforming Businesses Using Oracles“ThunderCore needs a high quality, reliable oracle service in order for smart contracts deployed on our chain to access necessary off-chain information to trigger certain transactions”.
One of the major roadblocks for businesses to adopt blockchain is currently the lack of interoperability and integration. Note that a majority of businesses have their data stored on the cloud network for easy access and visibility. Although businesses want to leverage the smart contract feature of blockchain and automate their workflows, they still need some input data for the execution of the logic.
Now for a new blockchain network, not all the data is available on-chain. Moreover, sometimes, the smart contracts need to fetch data and inputs from outside the chain like cloud platform. Additionally, the thing about blockchain is that the transactions are immutable and non-reversible. Thus, there needs to be a trustless way while fetching data from outside sources.
This is where Chainlink acts as a middleware offering its oracles services while connecting blockchain and other platforms. The blog post notes:
The Growing Demand for Chainlink“We’re excited for this collaboration with Chainlink; having this highly reliable middleware service will be valuable to developers that build on ThunderCore: builders will now have a service that will enable all sorts of new use cases and games”.
Chainlink is basically a decentralized oracle network connecting smart contracts with off-chain data-feeds. Leading independent research firms as Gartner has also praised chainlink for their services. The platform is slowly making a name for itself by providing highly reliable and secure oracles.
The recent collaboration with giants like Google itself is a testimony by the progress made by Chainlink, so far. The shoutout by Google has given a huge boost to Chainlink with other players starting to recognize its potential.
Soon after the Google announcement, Chainlink native LINK token price jumped over 70% to hit its all-time high of $1.94. At the press time, each LINK token is trading at $1.71 with a market cap of $598 million.
After Google Cloud, ThunderCore Announces Collaboration with Chainlink for Oracle Services