(BTC) sidechain RSK will be equipped with Chainlink (LINK) oracles. This will
allow developers on the smart contract-enabled chain to tap into market price
feeds. It will also tap into other off-chain data to build their applications.
integration is being developed by IOVLabs. It is the company behind the RSK
sidechain. It is currently live on testne. It is expected to be launched on
mainnet in less than a month.
data will be ported to RSK. This will be done via RIF Gateways. This is an
interoperability framework. It is designed to let developers access a broad
array of data. This will be from other blockchains and the external world. The
framework connects to Chainlink nodes. It relays data between them and the RSK
blockchain. The system also makes use of the RSK to the Ethereum bridge. This
enables LINK token transfers between the two ecosystems.
allows Chainlink Node Operators to be paid with any token in the Eth
blockchain. If they wish to be paid in LINK, they can. They need to go through
the bridge to get those redeemed.
can capitalize on a smart contract network with this integration. It is
anchored to the most substantial Proof of Work blockchain.
uses a pegged version of BTC as its native currency. The peg process is
facilitated by a federation. It is similar to solutions adopted by WBTC or
company has recently been pursuing the goal of “Bitcoin DeFi.” It will help to
capitalize on the boom of lending DApps and decentralized exchanges. These
occurred primarily on Ethereum. It features its lending protocol that generates
a stable coin. It is called Money On Chain, which uses RSK’s BTC for collateral.
oracles are widely used in DeFi. But many projects still prefer to roll their
own. The RSK integration could simplify development on the platform with an
off-the-shelf solution. It makes a lot of sense for [RSK] to include Chainlink
as one of the Oracle technologies.
security and functionality relies on Bitcoin. But it is still a separate
network. It has a different architecture. It heavily focuses on smart
project wants to capitalize on its generalized scripting capabilities. So it
recently started branching out into broader interoperability and
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