Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security

1 year ago

Chainlink, a supplier of real-world information to blockchains, said infrastructure supplier Coinbase Cloud volition go a node relation connected its system, adding capableness and information to the alleged oracle network, according to a Thursday property release.

A node operator monitors blockchains for information requests specified arsenic banal prices and somesthesia data, retrieves the off-chain accusation and delivers it to the astute declaration that issued the request.

Other Chainlink node operators see telecoms giants Swisscom, Deutsche Telekom and quality supplier Associated Press.

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

Coinbase Cloud brings "extensive experience, robust infrastructure and committedness to security," William Reilly, planetary caput of CeFi, income & strategy astatine Chainlink Labs said successful the property release.

Edited by Sheldon Reback and Parikshit Mishra.

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