{"id":115519,"date":"2020-11-19T17:01:20","date_gmt":"2020-11-19T14:01:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/matic-becomes-the-first-outside-ethereum-to-launch-native-chainlink-feeds\/"},"modified":"2020-11-19T17:01:20","modified_gmt":"2020-11-19T14:01:20","slug":"matic-becomes-the-first-outside-ethereum-to-launch-native-chainlink-feeds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/matic-becomes-the-first-outside-ethereum-to-launch-native-chainlink-feeds\/","title":{"rendered":"# Matic becomes the first outside Ethereum to launch native Chainlink feeds"},"content":{"rendered":"

“# Matic becomes the first outside Ethereum to launch native Chainlink feeds <\/strong>”
\n<\/p>\n

Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem.<\/p>\n

Though there are many promised or existing Chainlink integrations outside of Ethereum, the majority of them are still in development or are indirectly using Ethereum feeds. <\/p>\n

Matic now features five price feeds: MATIC\/USD, USDC\/USD, ETH\/USD, USDT\/USD, and DAI\/USD, promising that more will come later.<\/p>\n

Chainlink\u2019s Verifiable Randomness Function is set to be integrated soon as well, which would allow Matic app<\/a> developers to build provably fair chance game<\/a>s or other integrations.<\/p>\n

The team said that the integration will be crucial for DeFi developers wishing to build on Matic, pointing to several projects like EasyFi and PlotX that already committed to using Chainlink oracles.<\/p>\n

The race for layer-two scaling to power the next cycle of DeFi adoption often sees Rollup-based projects as the favorites. Sandeep Nailwal, co-founder of Matic Network, told Cointelegraph that Matic\u2019s hybrid approach is already generating interest, despite many being critical of Plasma as a solution for smart contract scaling:<\/p>\n

\u201cThe viability of Plasma for DeFi is a hotly debated topic but there is no other Plasma implementation in production apart from Matic. And turns out that in production it works fine and has not encountered any issues after 4+ months of launch of mainnet.\u201d<\/p>\n

He argued that the flexibility of Matic, letting developers choose between Plasma and proof-of-stake, can entice different types of developers. \u201cMany apps like Games, VR spaces use pure POS while some Defi\/Prediction markets choose Plasma,\u201d he added.<\/p>\n

Like other layer two solutions, Matic supports Ethereum tooling and allows developers to \u201csimply pick up their Ethereum smart contracts and deploy it on Matic sidechains within a matter of minutes,\u201d Nailwal said.<\/p>\n

While Matic has been somewhat left out from mainstream comparisons, direct support from Chainlink can strongly contribute to further adoption. “We believe Chainlink\u2019s decision to build on Matic was rationalized on the basis of where the greatest demand for its services lies,\u201d Nailwal continued. <\/p>\n

The number of prediction markets building on the platform \u2014 which have a particularly pronounced need for reliable price information \u2014 likely contributed to the decision to integrate Matic, he concluded.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Matic becomes the first outside Ethereum to launch native Chainlink feeds ” Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem. Though there are many promised or…<\/p>\n","protected":false},"author":1,"featured_media":115520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/b1a9af2a-07e5-44f8-a846-88bd5138a158.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75167,75434,4965],"class_list":["post-115519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-chainlink","tag-smart-contracts","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=115519"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/115520"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=115519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=115519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=115519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}