- Oracle Network developers can now outsource their heavy computational tasks and save up to 90% on gas costs, according to gnosis spokesmen.
The two organizations announced on June 12 that Chainlink’s Automation services and CCIP interoperability protocol are now operational on the Gnosis network.
With the ability to offload complex computing activities to the Chainlink network, Gnosis users can now use Chainlink for cloud computing functions and save up to 90% on gas prices. More significantly, Gnosis users will be able to communicate, exchange values, and send messages between blockchains thanks to Chainlink’s CCIP protocol.
Chainlink’s CCIP protocol is quickly becoming the industry standard for interoperability and cross-chain communication. Chainlink has the potential to revolutionize the current financial system, as acknowledged by blockchain firms, organizations like the Depository Trust and Clearing Corporation, and even the SWIFT messaging system.
Chainlink and Rapid Addition announced in May that they would be working together to create a blockchain adaptor that would allow institutions to communicate with tokenized assets, the green energy industry, and carbon markets.
By working together, the businesses intend to take use of real-time price feeds and Chainlink’s CCIP protocol to give banks a uniform method of interfacing with tokenized assets across blockchains.
Subsequently in the same month, Chainlink and the Hong Kong-based asset management company Arta Techfin inked an agreement to tokenize valuables and illiquid real estate.
In a similar move, the Ethereum layer-2 network Celo revealed at the end of May that it had integrated with Chainlink to offer its users interoperability and cross-chain messaging.
Last but not least, Chainlink’s widely reported pilot program with the Depository Trust and Clearing Corporation and major banks like JP Morgan, BNY Mellon, U.S. Bank, and Edward Jones has contributed to solidifying its position as a market leader in real-world asset tokenization and interoperability.
On June 12, TeraWulf, Hut 8 Mining, and Core Scientific emerged as the largest winners.
The stocks of bitcoin (BTC) mining companies surged by double digits on Wednesday, one day after US presidential contender Donald Trump pledged to support the nation’s mining industry.
Shortly after hosting a meeting with some of the leading businessmen in the field, Trump declared in a June 12 post that he wanted all of the remaining Bitcoin to be MADE IN THE USA!!!” He also added that it would help the nation become ENERGY DOMINANT.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
