Polkadot’s Substrate 2.0 integrates oracles at a protocol level
The blockchain can now see its environment. The Polkadot team released on Wednesday a major milestone for its Substrate blockchain framework, which now provides a way for blockchain applications to interface with the outside world without relying on external oracle providers.Substrate is the name used for Polkadot’s blockchain building framework. It provides developers with a variety of tools to design their custom blockchain for a variety of possible applications. The blockchains can then be launched stand-alone or integrated in Polkadot’s network of shards, or “Parachains.”The most....
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Polkadot has recounted its gains in 2020, identifying its dominance of the crypto staking scene among other notable milestones for the year. With 2021 less than 24 hours away, Polkadot creator Gavin Wood says the project has built up a head of steam heading into the new year. In a 2020 roundup published on Wednesday, Wood highlighted Polkadot’s rise to becoming the number crypto for staking based on the volume of staked tokens.According to Stakingrewards.com, over 63% of the 1.02 billion DOT token supply is locked in staking wallets. This percentage amounts to about $5.2 billion in staked....
Polkadot parachains can now choose to add Chainlink price feeds to their runtime. Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework.The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library.The announcement comes as the latest result of a long-standing collaboration between Chainlink and Polkadot, now offering a....
How interoperability can scale DApps in 2022. What platforms are using Substrate for scaling?There are several projects that have been built within the Substrate environment.One of them is CLV Chain — a chain working to offer interoperability with the EVM among other blockchain networks.CLV Chain is a Substrate-based layer-1 chain compatible with the EVM, which means that developers can easily migrate their projects and smart contracts to the CLV Chain network despite having written them in Solidity within the EVM. This EVM compatibility, combined with Polkadot’s interoperability....
Polkadot developer Parity Technologies has released the second version of its blockchain building kit Substrate 2.0, including 70 composable modules.
Price oracles are playing a leading role in driving blockchain adoption. Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band.Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud....