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Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security

SirKris by SirKris
May 18, 2023
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Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.

CDCROP: Chainlink Labs team at SmartCon (Chainlink)

Chainlink, a provider of real-world data to blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system, adding capacity and security to the so-called oracle network, according to a Thursday press release.

A node operator monitors blockchains for data requests such as stock prices and temperature data, retrieves the off-chain information and delivers it to the smart contract that issued the request.

Other Chainlink node operators include telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press.

Chainlink supplies 974 data feeds and has enabled $7.8 trillion worth of transactions since the start of 2022 according to data from its website.

Coinbase Cloud brings “extensive experience, robust infrastructure and commitment to security,” William Reilly, global head of CeFi, sales & strategy at Chainlink Labs said in the press release.



Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s5

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