Chainlink: Partnership with eth.events and Crypto APIs to offer data oracles

Paradigm
Paradigm
Published in
6 min readSep 3, 2019

Biweekly update 20th August — 3d September

During the last two weeks, Chainlink illustrated the average level of social activity. eth.events data was integrated with leading oracle provider Chainlink. eth.events, a searchable blockchain index and data source with real-time API and full SQL access down to the smart contract event level, also set up a Chainlink node to serve and validate other oracle requests from the network and collaborated with other participants to advance the Chainlink ecosystem.events. Plus Crypto APIs, an infrastructure layer that simplifies the development of any Blockchain and Crypto related applications, will be offering data oracles on Chainlink, which include 2 oracles: one for Market Data and another for Blockchain Data. More to follow!

Development

Github metrics
Developer activity (from Coinlib.io)

Chainlink shared the winners of its first design contest as part of Chainlink’s Web3 Oracle HackerNode. More than 150 entries were received which were judged by the Chainlink Community Ambassadors and team.

>> Grand Prize Winner — 7Link7

>> Oracle Node Winner — FOMO Richard

>> Most Creative and Artistic — Randy Savant

>> Community Award Winners — Bill, CryptoSponge, Fiona, Charles, johndoeisdead, Ɔ, NotLinkie, atenmonad7

Social encounters

High Performance Blockchain (HPB), the world’s first blockchain company to combine dedicated hardware with software, and Chainlink, the leading blockchain oracle service provider, will leverage each other’s products to improve their respective service offerings. The Chainlink network provides valuable middleware solutions, making in-demand off-chain resources available to on-chain smart contracts. HPB’s hardware chipset, the Blockchain Offload Engine (BOE), supplies true random number services to Chainlink clients.

As DApps become increasingly complex, smart contracts will require data from multiple real-world sources. By using an interconnected web of oracle providers, HPB’s blockchain network can provide even more valuable data and service options to its developers and partners. Simultaneously, the effectiveness of Chainlink’s oracles is augmented by being linked to a highly scalable and extremely secure blockchain network, both to facilitate high-volume data-exchange and ensure data remains uncorrupted.

Finance

Token holders and the number of transactions (information from Etherscan.io)

Roadmap

Source

Partnerships and team members

The eth.events ElasticSearch API will serve as an oracle for Ethereum smart contracts requiring real-time blockchain data from any of our 17 indexed networks. This makes accessing on-chain information a lot easier and more flexible for smart contract developers.

It can not only provide information on whether a particular blockchain transaction exists and was successfully mined, but also return additional details such as sender and receiver, ETH value and the block number it was mined in.

You can also leverage any other of the API endpoints, see the description here for details.

Eth.events plan to further extend the functionality of the adapter in the near future.

Therefore, Eth.events has set up a Chainlink node to serve and validate other oracle requests from the network and happily collaborate with other participants to advance the Chainlink ecosystem.

Oracle address: 0x9308B0Bd23794063423f484Cd21c59eD38898108

JobID eth.events uint256: 95766e85c8404f19a194b56f3afefc2b

JobID eth.events bytes32: b8ee885624c6485dbe5460d39c61af95

Price: 0.1 LINK

About eth.events

eth.events is a searchable blockchain index and data source with real-time API and full SQL access down to the smart contract event level.

It is created and operated by Anyblock Analytics and offers a complete set of services for enterprise blockchain use cases on both public and private consortia chains.

Learn more by visiting the eth.event website, Twitter or Medium. If you’re a developer, visit our documentation and everybody is welcome to create a test account with immediate access at https://account.eth.events/auth/signup.

Crypto APIs will be offering data oracles on Chainlink, a decentralized oracle network that connects smart contracts with real-world data. Crypto APIs will provide 2 oracles: one for Market Data and another for Blockchain Data. The Market Data oracle provides a consistent and secure market data source for smart contracts, while the Blockchain Data oracle provides off-chain information on Blocks, Transactions, Wallets, and Balances from all the Blockchain protocols that Crypto APIs supports: Bitcoin, Ethereum (with all tokens), Ethereum Classic, Bitcoin Cash, Litecoin, Dash, Doge and Omni Layer (with all tokens including Tether).

What exactly does an oracle do?

Blockchains that enable smart contracts do not natively support communication with off-chain data. The solution to this intrinsic blockchain problem is the introduction of an “oracle”, which becomes the de facto link between off-chain data and on-chain smart contracts. Chainlink is the first decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.

An example of external data can be Market Data provided through an API, which is where Crypto APIs comes into play.

Crypto APIs is an infrastructure layer that radically simplifies the development of any Blockchain and Crypto related applications. Crypto APIs is considered a leading Blockchain API provider to the market thanks to our unique product, which is comprised of 3 modules: Blockchain APIs, Crypto Market Data APIs, and Exchange & Wallet account management APIs.

The Crypto Market Data API provides the most relevant crypto market data collected from more than 100 crypto exchanges.

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.

The integrating Crypto APIs onto the Chainlink network will be vastly beneficial for the blockchain community as a whole. Crypto APIs can provide consistent and reliable off-chain market data sources to on-chain smart contracts using Chainlink’s decentralized oracle network, which increases the trust and reliability of smart contract technology.

Rumours

No updates.

Social media metrics

The graph above illustrates changes in the number of Chainlink Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.

This report is not financial advice.

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