aelf to Integrate with Chainlink Oracle Network
On Sep 10, 2019, aelf will be integrating Chainlink, a decentralized oracle network that provides tamper-proof data for complex smart contracts. The integration uses Chainlink technology to build an oracle for the aelf blockchain (an oracle is a tool that feeds the on-chain smart contracts with “off-chain” data outside its native blockchain). Chainlink oracles will ensure the security and reliability of any data that enters and exits the aelf blockchain — reinforcing what is often considered the ‘weakest’ link when adopting blockchain into an existing network. This will not only allow the smart contracts on aelf to securely connect to data sources and APIs around the world, but also provide connectivity to other networks in the Chainlink ecosystem, such as Ethereum, Google Cloud, Zilliqa and many more.
Chainlink is the first decentralized oracle solution that can provide external data to smart contracts. As a result, the security and determinism of smart contracts can be combined with the knowledge and breadth of real-world external events. Chainlink provides smart contracts with access to any external API, which is critical in many real-life applications that require automatic responses to changes in the market, temperature, schedules, or any other public data.
Off-chain data can be susceptible to manipulation or error before it is written on the blockchain. Given aelf’s strong focus on serving enterprises and their applications, it is of paramount importance to securely bridge the external world with the aelf blockchain eco-system and guarantee that the input data is tamper-proof. The collaborative effort in building the oracle for aelf will instill further confidence in enterprises on the reliability of our network.
In addition to receiving external data, the Chainlink oracle node will make aelf data reliably available to other parties both on and off-chain throughout other ecosystems and networks. aelf Co-Founder and COO, Zhuling Chen described the new integration:
“aelf is excited to continue to provide a well rounded and real-world solution to enterprises. This integration is the next step in ensuring the highest quality, security and reliability is given to all our clients who utilize the aelf enterprise platform.”
Daniel Kochis, Chainlink Global Head of Business Development added, “Collaborating with aelf, Chainlink is thrilled to provide their community’s smart contracts and enterprise use cases with provably accurate data from off-chain endpoints.”
aelf is a multi-chain network and smart contract platform pioneering blockchain in business. aelf’s blockchain will enable businesses to operate their applications on the public chain domain, or their own private chains, without the hassle of building their own. Within the aelf ecosystem, each application will have its own resources to secure high performance. aelf’s token (ELF) was recently selected by Huobi’s HB10 fund as one of the top 10 most reliable investments based on its well-founded platform. aelf recently announced the results of its initial testnet, which achieved 15,000 transactions per second (TPS). For more information, visit aelf.io
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle and SWIFT) and leading smart contract development teams. Learn more by visiting the Chainlink website, Twitter or Telegram. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.
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For more information, visit aelf.io