Credits Incorporates ChainLink’s Oracle In Its Quest To Develop Blockchain Key Solutions
Credits, the fast and super-scalable DApps-oriented Blockchain platform, and Chainlink are coming together to jointly develop the next revolutionary tech advancements for Blockchain. This latest development is coming at a time when Chainlink, a Blockchain-powered Oracle network provider for Smart Contracts, has been dominating the space.
Credits Blockchain platform’s autonomous smart contracts and the credits solution has immensely revolutionized the entire DApps space. But for it to achieve this quite insurmountable goal, it needs the support of one of the leading Blockchain technologies, according to Gartner and other independent research brands. Simply put, it needs Chainlink by the side!
The two will work together towards creating the next biggest Blockchain-based technological advancements solutions. With Chainlink, a reputable name when it comes to providing super-secure and steadfast enterprise-oriented Oracles will help keep all the data safe and secure.
Ideally, Credits aim to leverage Chainlink’s Oracle in ensuring that the smart contracts are reliable while ensuring that all the inputs and outputs are secure. The partnership even gets more functional for them, considering that Credits comes speeds of over 50,000 TPS and a much-reduced transaction cost of $0.001.
Credits Are All About DApps Development
Credits and Chainlink together have a huge possibility to be the world’s #1 choice of payments. They are both headed towards even greater decentralization. They also envision a market controlled by high-tech technologies, even as Credits is out to seek the support of other financial institutions in its bid to see its partnership with Chainlinks be a success.
Credits, a USA, Singapore and Russia-based firm founded in 2015, provides public and private solutions. According to Credits’ founder and CEO, Igor Chugunov, the platform is focused on furthering Blockchain’s principle of trust, an endeavor that Chainlink’s support is of importance. He said that Chainlink brings extra reassurance on their quest.
Chainlink Has Been Dominating Headlines Lately
For Chainlink, the past few weeks have seen its reputation soar even higher in the crypto industry. Perhaps the highlight was when its native coin, LINK, finally went live on Coinbase Pro, a US-based exchange. Now, it is a few days old, even though it is available in all supported jurisdictions of Coinbase in the US, except the state of New York.
But even with that exception, LINK seems determined to live up to the name of its Ethereum-based decentralized Oracle service provider developers. Already, its value has risen by 20.36% in 24 hours to trade at $2.66, although it had originally increased by 30%, hitting a record high of $3.48.
Chainlink’s spectacular run is further buoyed by LINK’s overall market cap, which now stands at $916.5 million. The coin started gaining in value in mid-December 2018 to where it is today, the total value gained standing at 800%. Today, it is, without a doubt, one of the hottest coins of 2019.
The tidings of this Blockchain-powered Oracle network provider for Smart Contracts also surged when it announced that it was on boarding its American arm of Oracle. The announcement, made by Oracle for Startups’ Senior Manager, Fernando Ribeiro, and engineer Pablo Freitas during the June 25 CloudEXPO conference in Santa Clara, CA, earned Chainlink more popularity.
Remember, Chainlink has already launched its Mainnet on the Ethereum network – it did it at the start of June 2019. That aside, however, it seems Chainlink will still stick around on the headlines for quite some time. Right now, Google Cloud is mulling over the idea of integrating its technology in BigQuery to concentrate on the prediction markets.