Back

Harmony (ONE) Announces Chainlink (LINK) Integration

Chainlink’s decentralized oracle integrated by proof-of-stake blockchain Harmony

article image
Cover image via medium.com

Proof-of-stake blockchain Harmony has integrated Chainlink’s oracle, accordiong to its recent Medium blog post

Stephen Tse, the co-founder of Harmony, believes that the tie-up will boost the blockchain’s utility and decentralization:

“Increasing utility and decentralization is critical for our long-term success. This integration with Chainlink is key in that journey and we’re so excited to see developers exercise creativity to build DeFi and cross-border finance on Harmony with Chainlink”.

Why Harmony needs Chainlink

Because of the integration, Harmony will make use of more than 30 price feed powered by Chainlink’s oracles that can be applied in cross-border finance as one of the possible use cases:    

“We can imagine several such cross-border finance use cases that would need access to reliable and trustless price feeds of off-chain data. This is where Chainlink becomes a strong pillar for value transfer over Harmony.”

They will also be able to leverage Chainlink's external adapters to access off-chain data and connect to its nodes.

Chainlink
image by medium.com

Apart from Harmony, Chainlink also forged a slew of other notable partnerships within the cryptocurrency space. Its oracles were recently integrated by Tezos, Synthetix, and Kyber Network (to name a few).

As reported by CryptoComes, Chainlink, whose LINK token reached yet another all-time high, also partnered with Provide Technologies, an enterprise-level platform for distributed systems. 
 

👉 MUST READ Twitter’s Influence on Chainlink (LINK) Price Highlighted by CryptoComparerelated article image
Ads
Ads

A $7 mln grant program

Harmony also announced that those developers who build applications on the Harmony blockchain and utilize Chainlink can be part of its $7 mln grant program that was announced back in July.

Every month, it allocates 154.2 mln tokens to the ecosystem development. All active grants are publicly available

In order to apply for one, the developer has to secure active users that will drive activity on the Harmony mainnet.

Tse says that his vision is to fund “hundreds of projects.”

Join our Telegram channel to get news even faster!

article writer image
Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.