Polkadot Aims for Ethereum Ecosystem with Chainlink Integration

Published on by Cointele | Published on

Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink on Feb. 25.

The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance and other advanced smart contracts.

Chainlink has completed an initial integration on Kusama, a canary network for Polkadot similar to a testnet.

Chainlink was previously available on other blockchains through adapters, but this is the first move outside of the Ethereum ecosystem in 2020.

Polkadot developers will thus be able to access external data by using Chainlink's oracles.

On Polkadot, Chainlink will be integrated with a dedicated parachain, the term for an independent blockchain shard with custom characteristics.

With this heterogeneous sharding approach, Polkadot aims to solve many of the common problems in blockchain, such as interoperability, scalability, security for networks of any size, and governance.

Even in its Ethereum development, Parity focused on Substrate - the technology powering Polkadot.

During February, Parity and the Web3 Foundation, which preside over Polkadot, appear to be making moves in onboarding Ethereum ecosystem developers to their new network.

The addition of Chainlink points to a systematic approach of porting over key Ethereum infrastructure.