Blockchain
Chainlink, a provider of real-world data for blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system, adding capacity and security to the so-called oracle network, according to a Thursday press release.
A node operator checks blockchains for data requests such as stock quotes and temperature data, retrieves the off-chain information, and delivers it to the smart contract that made the request.
Other operators of Chainlink nodes include telecom giants Swisscom, Deutsche Telekom and news provider Associated Press.
Chainlink provides 974 data feeds and has facilitated $7.8 trillion worth of transactions since early 2022, according to data from its website.
Coinbase Cloud brings “extensive experience, robust infrastructure and a commitment to security,” said William Reilly, global head of CeFi, sales and strategy at Chainlink Labs in the press release.
Read more: SWIFT partners with Chainlink: This is the low point of the Blockchain data provider
