GSR partners with Chainlink to integrate price data for smart contracts

GSR partners with Chainlink to integrate price data for smart contracts

“High-quality market data is vital to the growth of the multi-chain ecosystem,” says Chainlink co-founder Sergey Nazarov. Crypto market-making firm GSR has partnered with Chainlink to contribute price data to decentralized oracle networks (DONs) to be used within decentralized finance (DeFi) and smart contract applications, highlighting that the blockchain industry is moving forward to interoperability and more cross-platform compatibilities.In an announcement, Sergey Nazarov, the co-founder of Chainlink, said that “high-quality market data is vital to the growth of the multi-chain....


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Using the provably fair and verifiable random number generator provided by Chainlink VRF, smart contracts can access random values without compromising security or usability. Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy. Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart contract feature popularized by....