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Cardano and Chainlink have joined forces to integrate Oracles for advanced smart contracts


September 26, 2021 · By Muhammad Awwal
Cardano (ADA), Chainlink (LINK)

Cardano developer IOHK announced a collaboration with Chainlink on September 25 at the Cardano Summit, which will result in the integration of Chainlink’s oracles into the Cardano blockchain.

NEW BLOG: Announced just moments ago at #CardanoSummit2021, our collab with Chainlink Labs gives #DeFi developers #BuildingOnCardano secure access to a wealth of real-world data through Chainlink’s decentralized oracle networks @Chainlink @Smart_Contract https://t.co/kOWFpjhtpL

— Input Output (@InputOutputHK) September 25, 2021

Through Chainlink’s decentralized oracle networks for Cardano DeFi apps, developers will be able to create smart contracts and have secure access to a variety of real-world data.

Chainlink oracles, according to IOHK founder Charles Hoskinson, are required for advanced smart contracts and will feed real-world data to the Cardano blockchain. He stressed that Cardano’s goal is to provide developers with the finest tools for generating real-world solutions.

Hoskinson feels that the Chainlink oracle integration will also serve as an excellent foundation for the Cardano DeFi ecosystem.

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