Solana integrates Chainlink Oracles into Mainnet

By Keith Thuerk | New to Crypto's? | 4 Jun 2022

Solana integrates Chainlink Oracles into Mainnet

Let's be honest Solana has a tough year, well more like 18 months if you are counting major issues on the Solana blockchain.

Here are just some of the issues I have been following

  • Solana Halted by Bug Linked to Certain Cold Storage Transactions - June 1 '22
  • Clock slipped and lost track of time in May '22 - impact to staking? - hey not cool Solana!
  • Suffered DDoS attack Jan 4th '222 slowed transactions and I might was as well include they had two impact outages in '21
  • I am certain I have missed more than more that you are aware of.

Taking all these knocks, Solana pressed on towards Mainnet release, and just announced they have integrated Chainlink's decentralized price feeds on its Mainnet.

Why would Solana do this?  Solana realizes they can't be everything to everyone so they are leveraging seven different Chainlink price feeds on Solana allowing it to build superior decentralized applications on their blockchain. While allowing Chainlink to excel with their strengths.  

Put another away from Solana Co-founder - "we are providing DeFi developers access to the most widely used oracles in blockchain” and enable them to “build new DeFi Dapps and products."

Additional features integrated from Chainlink include:

  • Keepers for event-driven and time-based automation - hey will this fix the clock issue from May '22? 
  • Proof-of-Reserve service for asset attestations,
  • Verifiable Random Function for sourcing randomness.

Summary - Solana is battered and bruised, but coming out stronger, by working with Chainlink, allowing strategic focus on core technologies. And it makes sense to allow each blockchain to grow their strengths and allow usage via ecosystem partners. 

Disclaimer - I am not an employee nor an agent of Solana nor Chainlink, although it sounds super exciting!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto's and DeFi to combat the Inflationary Tidal wave coming our way!

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