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Chainlink Automation makes it easy for developers to build dApps on Arbitrum One.
COTI and Armadillo, Cask, and DeFiEdge have already integrated Chainlink Automation.
Arbitrum One is an optimistic rollup of the Ethereum blockchain.
Chainlink and Arbitrum, the most widely used Oracle service providers, announced the launch of Chainlink Automation on Arbitrum One on Wednesday, December 14th.
this latest cryptocurrency news Some projects such as COTI, Armadillo, Cask, and DeFiEdge have integrated chainlink automation into their dApps, reliably triggering key smart contract functions on Arbitrum One.
Chainlink reveals it helped the rapid growth of the DeFi ecosystem on Arbitrum One. Release of Chainlink Automation on Arbitrum One Gives Developers Access to Reliable, High-Performance Automation to Help Build Advanced Builds Decentralized application.
Developers can leverage a decentralized network of nodes that oversee smart contracts and perform functions using Chainlink’s proven transaction manager that handles nonce management, gas spikes, and network reorganization, says the team. added.
Commenting on this latest development, Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink Labs, said:
We are excited to support the Arbitrum ecosystem with Chainlink Automation’s native integration, which enables developers to build end-to-end automated, highly scalable and low-cost smart contract applications. Powered by Chainlink Automation With enhanced uptime and security guarantees, Arbitrum developers will help build next-generation decentralized applications and scale the Web3 ecosystem with confidence.”
The team explained that Arbitrum One is an optimistic rollup of Ethereum powering high-throughput, low-cost dApps, and Chainlink Automation is a smart contract automation solution.
Combining the two will allow developers to build advanced, feature-rich dApps that scale at a lower cost than ever before.
AJ Warner, Chief Strategy Officer at Offchain Labs, added:
DeFi apps have seen tremendous growth on Arbitrum One and can scale in a safe way. It helps dApps scale reliably by enabling them to automate DevOps and maintenance tasks without the hassle.
Chainlink is the industry standard for building, accessing, and selling the oracle services needed to power hybrid smart contracts on any blockchain. The Chainlink oracle network provides smart contracts with a way to reliably connect to external APIs and leverage secure off-chain computation to enable feature-rich applications.
Offchain Labs is the venture-backed Princeton-based company behind Arbitrum, Ethereum’s scaling technology suite. Arbitrum is the leading scaling provider for Ethereum and has two live chains for him: Arbitrum One, a scaling solution of choice for DeFi and NFTs, and Arbitrum Nova, a newly announced gaming and social platform.
