JavaScript Smart Contract Platform Agoric Integrates with Chainlink Oracle

JavaScript Smart Contract Platform Agoric Integrates with Chainlink Oracle

The integration of Chainlink oracles with Agoric smart contract platform aims to enable the use of decentralized finance (DeFi) data and events in JavaScript smart contract applications. JavaScript Smart Contract Platform Agoric Integrates with Chainlink Oracle

The  integration of Chainlink oracles with Agoric smart contract platform aims to enable the use of decentralized finance (DeFi) data and events in JavaScript smart contract applications.

According to Agoric,  Chainlink oracle solution is able to provide high-quality data regarding prices, FX rates, interest rates, and more, in a safe and reliable way. Chainlink uses blockchain to ensure data cannot be manipulated or tampered with. It can use data coming from other blockchains or directly from the real world.

Previous to the Agoric-Chainlink integration, developers needed to build their own price data feeds, which is time-consuming, requires upkeep, and comes with unforeseen security risks due to the many nuanced and overlooked challenges of building a secure oracle solution.

The general idea behind a decentralized oracle like Chainlink is to incentive good behaviour by means of a consensus algorithm that penalizes the behaviour of bad actors. This eventually leads to bad actors' data being eventually rejected by the network. Once the data is accepted within the network, the usual blockchain guarantees ensure it remains unaltered.

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