- Shiba Inu rival, a popular meme coin, has partnered with an altcoin project that feeds real-world data into blockchain-based smart contracts to surpass SHIB and improve its protocol.
It has been trying to strengthen its ecosystem with various developments recently. Floki Inu (FLOKI)announced the integration of its Chainlink Keepers service into the token locking protocol FlokiFi Locker. This innovation is a continuation of Floki Inu’s commitment to improve the performance of its services and further expand its user base.
A decentralized service designed to manage tasks on behalf of smart contracts. Chainlink Keepers by users FlokiFi Locker The token locking process is expected to be faster, more efficient and more secure.
.@RealFlokiInu has integrated two Chainlink trust-minimized services:
Keepers to help automate its token locking process.
Price Feeds to display accurate prices across #arbitrum, #avalanche, #BNBChain, #Ethereum, #Phantom, #heco, #optimismand #polygon.https://t.co/iyWHfEgcFG
— Chainlink (@chainlink) August 15, 2022
This isn’t the first time the two crypto projects have worked together. Floki Inu, Chainlink Price Feeds has previously collaborated with Chainlink to integrate its service into FlokiFi Locker. Thanks to this innovation, accurate prices for token locking on different networks are displayed in FlokiFi Locker.
Chainlink everywhere except ETH PoW
Every day, more and more different crypto startups are taking steps to use Chainlink services. Various projects, protocols and integrations across all major networks perfectly support Chainlink’s position in the crypto space. However, it seems that the company itself is not ready for much innovation, Chainlink has decided not to support future PoW forks of Ethereum.
This fact has definitely caused a lot of headaches for projects that won’t be joining Merge in the upcoming September Ethereum update. Chainlink, in turn, made a statement about the prevalence of its services and urged developers who are not confident in the transition to PoS to suspend their activities to prevent loss of users.
Although the fate of Ethereum’s PoW forks is not entirely clear, it could be quite a problem if important companies like Chainlink decide not to work with this kind of infrastructure.
The popular meme cryptocurrency, which has risen more than 9 percent during the day, experienced a correction and is trading at $0.000015 at the time of writing.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.