ChainLink Token (LINKUSD)

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Chainlink Price Feeds Available as a Substrate Oracle Pallet, $DOT Sets New ATH

"On Friday (April 2), the Polkadot ($DOT) team announced that Chainlink had made their price feeds available as a Substrate oracle pallet. Within less than 24 hours, Polkadot’s DOT token had broken through the $46 level, setting a new all-time high.

According to Polkadot’s blog post, which was published yesterday (April 2), until now, there was no “reliable and flexible oracle solution for accessing secure price reference data across any parachain.”

It went on to say that following “significant development work”, Chainlink has made “their extensive collection of on-chain Price Feeds available as a Substrate oracle pallet”, which enables “smart contract applications across the Polkadot ecosystem to access accurate, up-to-date and tamper-proof price reference data for powering new products and markets.” Furthermore, Chainlink’s price feeds “can also be accessed by other pallets integrated into a particular parachain, opening up powerful new functionality for parachain teams.”

Read more...
https://www.cryptoglobe.com/latest/2021/04/chainlink-price-feeds-available-as-a-substrate-oracle-pallet-dot-sets-new-ath/