Polkadot is preparing for the expected network launch after announcing its integration with Chainlink oracles on February 25th. Advances in integrations are indicative of a systematic approach that will allow porting with the Ethereum infrastructure.
Polkadot Announces Integration of Chainlink Oracles
The integration of Chainlink oracles is vital to the creation of Polkadot’s decentralized finance and other smart contracts. Chainlink has completed preliminary integration on Kusama, a Polkadot Canary network that is synonymous with a test network.
After the move, Polkadot developers can now access external data via Chainlink oracles. This is important and enables most of the more advanced features associated with smart contracts. The way oracles work is to transfer information from the real world to a blockchain in a form that an intelligent contact understands and thus reacts to this data.
Currently, oracles are most commonly used for price feeds on crypto and other digital assets. For example, MakerDo depends on the ETH / USD price feed to create a DAU stablecoin, even though it is a different and exclusive oracle.
Chainlink will be integrated on Polkadot with a dedicated parachain referring to a blockchain chip with personalized functions. The other parachains in the interoperable network will access data from Chainlink chips in order to operate dApps. The heterogeneous sharding approach will help solve most of the common blockchain problems such as scalability, interoperability and governance, and network security.
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Parity wants to bring developers of the Ethereum ecosystem on board
Parity Technologies was the lead developer behind Polkadot due to its unique structure. Gavin Wood, the co-founder of Parity, was also a co-founder of Ethereum. The Parity Ethereum client is one of the company’s products that is used for connecting to peers and processing the blockchain.
In December last year, Parity announced that it would stop developing its client and outsourcing it to a decentralized autonomous organization. Parity and the Web3 Foundation have taken steps to add developers of the Ethereum ecosystem to their network. The addition of Chainlink indicates that there is a way to port over the Ethereum infrastructure.
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