Summary:
• Chainlink, a provider of real-world data to blockchains, has announced that infrastructure provider Coinbase Cloud will become a node operator on its system.
• The addition of Coinbase Cloud will add capacity and security to the oracle network.
• Other Chainlink node operators include telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press.
Chainlink Adds Coinbase Cloud as Node Operator
Chainlink, a provider of real-world data to blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system. This addition adds capacity and security to the so-called oracle network, according to a Thursday press release.
Role of Node Operators
Node operators monitor blockchains for data requests such as stock prices and temperature data, retrieves the off-chain information and delivers it to the smart contract that issued the request. Other Chainlink node operators include telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press.
Data Feeds Provided by Chainlink
Chainlink supplies 974 data feeds and has enabled $7.8 trillion worth of transactions since the start of 2022 according to data from its website.
Benefits of Coinbase Cloud
William Reilly, global head of CeFi sales & strategy at Chainlink Labs said in the press release that Coinbase Cloud brings “extensive experience, robust infrastructure and commitment to security”.
Other Partnerships with Chainlink
In addition to this partnership with Coinbase Cloud, chain link has partnered up with SWIFT earlier this year in order provide more secure blockchain transactions across different networks.