Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Cronos Embeds Chainlink Price Data for DeFi Apps

Cronos Embeds Chainlink Price Data for DeFi Apps

Kelly Cromley by Kelly Cromley
Jul 29, 2021
in Market News, News
Reading Time: 2 mins read
0

Cronos, the Ethereum Virtual Machine (EVM) chain that runs alongside the Crypto.org Chain, has made an announcement. Cronos will shortly embed Chainlink Price Feeds to give DeFi applications with independent financial market info. Cronos coders will have privy to authentic and dependable decentralized pricing oracles thanks to this suggested oracle service.

Sophisticated DEXes, financial derivatives, lending/borrowing covenants, and asset management facilities, among several others, will value various digital and conventional assets on-chain.

RelatedPosts

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

RealDID Brings Privacy-First Digital ID to Hong Kong

Gigachain Sets New Benchmark in Blockchain Computation

“Our objective is to give total-spectrum for delivering safe and dependable decentralized oracle platforms, and the inclusion will help DApps that require oracles, notably price data,” said Kris Marszalek, CEO and co-founder of Crypto.com.

The current cooperation between Crypto.com and Chainlink Labs is the company’s second. The Crypto.com DeFi wallet is already using Chainlink Price Feeds. On the Ethereum mainnet, Chainlink Price Feeds for CRO/USD and CRO/ETH are also available. DApps utilize the market data to value Crypto.com’s in-house token CRO on-chain, increasing its usefulness.

Cronos’ EVM chain, for example, is based on Ethermint. The latter is a development framework for the Cosmos software devkit (SDK). Ethermint may be used to create scalable, high-processing capacity Proof-of-Stake blockchains that are completely compatible and interchangeable with Ethereum. Cronos is currently accepting new ventures on its network after launching its testnet on July 20, 2021.

Cronos can quickly migrate apps from any Ethereum and EVM-compatible chain. Particle B’s $100 million CRO EVM Fund is supporting migration.The approach is further aided by the fact that Crypto.com has a customer base of more than 10 million people.

As it is simple, the forthcoming Cronos and Chainlink Price Feeds connection was proposed. Furthermore, it has been demonstrated that the incorporation secures tens of billions of funds for DeFi initiatives. Chainlink’s data gathering approach features an oracle backbone for guaranteeing consistently remaining online and tamper protection, along with providing real-time pricing data.

The integration may be used for evaluating collateral assets for money markets and establishing market prices for tokenized assets, among other things. Others include adjusting algorithmic stablecoins, clearing futures and options transactions at expiry, tracking limit order parameters and computing staking incentives.

Chainlink Decentralized Oracle Networks, for example, are the best in the market for running hybrid smart contracts. They offer the most comprehensive range of top datasets and safe off-chain calculations to programmers.

As a result, it broadens the scope of smart contract capabilities on every blockchain. Chainlink, which is managed by a global decentralized community, presently runs smart contracts valued billions of dollars. These include DeFi, gambling, insurance, and other economic sectors, as well as worldwide companies and ventures that support the blockchain ecosystem.

Previous Post

PayPal to Unveil Crypto ‘Super App’ in the Months Ahead

Next Post

Bitcoin Mining Complexity on Course to Increase Next Week

Related Posts

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

rich and vareger unite to redefine ip protection in ai era

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025
0

British deep tech firm Research Integrity Chain Ltd (RICH) has entered into a strategic agreement with Estonian technology provider Vareger...

cosmic wire and swm partner to reshape blockchain adoption

Cosmic Wire and SWM Partner to Reshape Blockchain Adoption

by Kelly Cromley
May 23, 2025
0

Cosmic Wire, a technology company specializing in blockchain memory and the spatial web, has formed a strategic partnership with Sovereign...

Next Post
Bitcoin Mining Complexity on Course to Increase Next Week

Bitcoin Mining Complexity on Course to Increase Next Week

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
gigachain sets new benchmark in blockchain computation
Market News

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
rich and vareger unite to redefine ip protection in ai era
Market News

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree