- StarkWare will collaborate with Chainlink Labs
- StarWare announces StarkNet, and Chainlink will create a viable economic system
- Data sources off-chain can be accessed securely over Chainlink
StarkWare, a provider of scaling technologies for blockchains, will collaborate with Chainlink Labs to integrate oracle services, data, and price feeds into the StarkNet ecosystem.
StarkWare will join Chainlink’s Scale program, and StarkNet’s testnet will receive Chainlink price feeds. StarkNet tokens will also cover a portion of the operating expenses for Chainlink oracle nodes, providing Starket developers with access to Chainlink oracle services and data feeds.
A StarWare announcement emphasizes the construction of a viable economic system between StarkNet and Chainlink. The connection is also anticipated to provide the required foundation for StarkNet developers to create increasingly complex, highly performant, and secure smart contract applications.
The network consists of decentralized nodes that offer smart contracts with secure and trustworthy data in exchange for Chainlink’s native coin. Node operators validate and compute data, ensuring that smart contracts receive correct and trustworthy data.
Chainlink is a decentralized oracle network that offers secure access to off-chain data sources, APIs, and payment systems for smart contracts. It enables smart contracts to interact with real-world data and events, allowing them to be triggered by external data sources.
In related news, the Starkware blockchain will resolve Ethereum’s long-term problems. StarkWare, a developer of blockchain scaling technology estimated to be worth $8 billion, announced its intention to open source its core cryptographic software tool.
The company offers two platforms: the StarkEx scaling engine and StarkNet, which provides developers constructing decentralized applications with the necessary technologies (dapps). StarkWare aims to provide as open source the STARK Prover technology that underpins these projects.
