• Coinbase’s Base integrates Chainlink price feeds
• Jesse Pollak, project lead at Base expresses delight with the new development
• Chainlink’s LINK token experienced a positive Febuary in terms of price action and developments
Coinbase Integrates Chainlink Price Feeds
Coinbase has integrated Chainlink to provide secure, off-chain price feeds for developers in the crypto sector. The company is joining the Chainlink SCALE program to empower developers with data and services they need to build their applications. This partnership fosters Coinbase’s vision to scale into a top level-2 solution in the Ethereum blockchain ecosystem.
Jesse Pollak Expresses Delight With New Development
Jesse Pollak, project lead at Base expressed his delight at the new development, stating how important it is for Coinbase to partner with crypto giants like Chainlink. He also highlighted that this integration will make transactions on the Ethereum network faster and more cost effective.
Chainlink’s LINK Token Experiences Positive February
Chainlink’s LINK token experienced a positive February in terms of both price action and developments. The crypto-based oracle recently secured a partnership with Archblock, the issuer of TUSD stablecoin, which uses its proof-of-reserves to secure minting and improve transparency between users and issuers.
Launch Of Coinbase’s Ethereum L2 Solution ‘Base’
Last week, Coinbase revealed that it will be launching its own Ethereum L2 solution called Base, the announcement sparked an upturn in Coinbase’s stock price rising by almost 10% to $64.83 per share immediately after the news broke.
The integration of Chainlink into Coinbase’s Base allows developers to have access to secure off-chain data sources from Chainlink when building decentralized applications. By doing so, it enables efficient scaling on transactions on the Ethereum network reducing costs and increasing speeds for users on the platform.