Altcoin Invested by Turks Announced Giant Development!

Chainlink Labs has announced a program to promote the development of the oracles-related Blockchain ecosystem. The program aims to assist with access to the Tier 1 and Tier 2 Blockchain ecosystem and cost barriers to oracle services. Avalanche, Metis, Moonbeam and Moonriver were the first altcoin projects to join the SCALE program.

An important step from the altcoin project preferred by the Turks

Blockchain oracles provider Chainlink Labs came up with important news today. Accordingly, the altcoin has announced a program to promote oracles-related Blockchain ecosystem development. Chainlink is implementing SCALE as part of the Economics 2.0 program. In this way, Chainlink aims to achieve a significant increase in efficiency in SCALE and LINK oracle networks.

By the way, SCALE stands for “Sustainable Chainlink Access for Layer 1 and 2 Activation”. The purpose of the program is to assist with access and cost barriers to Oracle services and configurations. To achieve this, it aims to grow decentralized application ecosystems in Tier 1 and 2. Chainlink also notes that blockchain ecosystems in the SCALE program can, over time, reset oracle networks operating costs, according to a statement on its website.

Chainlink oracles enable on-chain smart contracts and applications to use off-chain data in a secure and decentralized way. Chainlink’s services use a wide variety of Blockchain applications that process multiple values. Sergey Nazarov, CEO of Chainlink, made a statement about this development. Nazarov noted that Chainlink’s Transaction Value Enabled (TVE) is at $6.1 trillion. This figure includes transactions such as clearing, borrowing and derivative transactions.

Avalanche, MetisDAO, Moonbeam and Moonriver join the program

The SCALE program aims to improve data security, utility and operating costs of Chainlink oracle services. Accordingly, SCALE is Chainlink’s initiative within the broader Economics 2.0 programme. Meanwhile, some altcoin projects have chosen to collaborate with Chainlink Labs for the program. Among these, the first projects were Avalanche (AVAX), MetisDAO (METIS), Moonbeam Network (GLMR) and Moonriver (MOVR). Each ecosystem will contribute to Oracle networking operating costs. Regarding the subject, Chainlink also made an announcement on Twitter:

Altcoins

Sergey Nazarov says that Chainlink Economics 2.0 and SCALE embed a ‘holistic economic model’ that applies to the long-term success of Blockchains, decentralized applications and the Chainlink ecosystem.

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