Brave New Coin now a Chainlink Node operator
As both organizations work to further the infrastructure powering the smart contract ecosystem, BNC has become an official node operator for the Chainlink Network.
With enterprises and institutions increasingly interested in creating crypto derivatives products and other complex financial and legal instruments, the demand for institutional-grade market data is growing. However, this market data must be integrated securely and reliably into decentralized finance products and services through oracles — third-party information sources that supply trusted information to smart contracts on the blockchain.
As a decentralized blockchain agnostic oracle network, Chainlink (LINK) provides secure, reliable oracles to large enterprises such as Google and SWIFT, and leading development teams such as Polkadot and Hedera. From a smart contract perspective, Chainlink providing accurate and dependable connectivity to crypto asset data empowers financial and legal smart contracts with greater responsiveness to changing market conditions — providing greater accuracy and reduced risk with up-to-date, real-time crypto-fiat conversion rates at the point of settlement.
Consistent, accurate crypto asset market data is one of the first decentralized Chainlink oracle networks available on Ethereum. Brave New Coin has tracked the crypto asset markets since early 2014 (with data for Bitcoin going back to 2010) and as a node operator and market data provider to Chainlink, BNC is now helping to ensure that the crypto market data provided to smart contracts is reliable and transparent – critical factors for the development of the decentralized economy and the digitization of value.
As one of the first node operators, BNC is committed to helping secure the Chainlink network says co-founder Fran Strajnar. “Sergey Nazarov (Chainlink CEO) is one of the best entrepreneurs in the blockchain space,” he says. “We’re convinced of the importance of middleware solutions and it has been great to watch the Chainlink project evolve from initial concept to a fully executed and widely needed tool that infinitely expands the usefulness of smart contract blockchain platforms.”
At Chainlink, Nazarov is similarly excited about the latest evolution of the BNC/Chainlink relationship. “I’ve always been impressed by their willingness to push the limits of what’s possible in our space,” he says, “and we’re excited to have BNC as one of the very first high-quality data providers to also operate their own Chainlink Node.”
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to BraveNewCoin, view official announcement.