Chainlink Automation has been successfully integrated into Base, providing developers with advanced tools like CCIP, Data Feeds, and Automation.
This strategic move aims to revolutionize smart contract development on Base, offering up to a 90% reduction in gas costs, enhanced efficiency, and the potential for pioneering hyper-scalable applications.
The decentralized ecosystem is witnessing a groundbreaking development as Chainlink Automation makes its debut on Base. This strategic integration promises a transformative shift for Base developers, offering advanced tools like CCIP, Data Feeds, and Automation, paving the way for the creation of hyper-scalable applications.
Chainlink Automation Unleashed
In a recent announcement reported by BSC News, Chainlink Automation has officially gone live on Base, bringing decentralized, verifiable, and gas-efficient smart contract automation capabilities to the forefront. This strategic move provides Base developers with a suite of advanced tools, empowering them to explore the vast potential of hyper-scalable applications.
Jesse Pollak, the Creator of Base, expressed enthusiasm for the prospects this integration brings, stating, “We’re excited to see the next-gen apps that developers can build on Base using the advanced off-chain compute capabilities enabled by Chainlink Automation.”
Empowering Developers with Enhanced Capabilities
Chainlink Automation on Base enables developers to incorporate a higher level of computation into their smart contracts. This enhancement opens the door to more advanced use cases, expanding the possibilities within the decentralized ecosystem. By offloading compute-intensive tasks to the Chainlink Network, developers can explore new heights in functionality and efficiency.
Reduced Gas Costs, Enhanced Efficiency
One of the significant advantages of Chainlink Automation on Base is the potential for up to a remarkable 90% reduction in gas costs. This is achieved through a diverse range of triggers that introduce innovative ways to connect multiple decentralized applications (dApps). Automation allows smart contracts to respond to on-chain log events, acting as a robust messaging bus similar to traditional Web2 applications.
By maintaining blockchain verifiability standards while offloading compute-intensive tasks, developers can achieve a notable advancement in cost efficiency for decentralized smart contract development. This reduction in gas costs is a game-changer, making decentralized applications more accessible and sustainable.
Previous Integrations and Ongoing Developments
Chainlink’s strategic expansion doesn’t stop here. Previous integrations include the incorporation of Chainlink’s price feeds on zkSync Era in December, a crucial step in Oracle’s SCALE program. This emphasizes sustainable access to Layers 1 and 2, demonstrating Chainlink’s commitment to enhancing the overall blockchain ecosystem.
#Chainlink Automation is officially live on @base, the layer-2 network incubated by @coinbase.
Base builders can now leverage Web3’s most reliable and performant automation solution to power next-gen use cases.
— Chainlink (@chainlink) January 23, 2024
In November, Chainlink unveiled an upgrade to its native staking protocol with the introduction of Chainlink Staking v0.2, further solidifying its position as a leader in the blockchain space.
Base, in tandem, has achieved a significant Total Value Locked (TVL) of $383.5 million, with Aerodrome contributing an impressive $107 million to this milestone. The collaboration between Chainlink and Base signifies a powerful alliance, pushing the boundaries of what decentralized applications can achieve.
Unleashing the Future: Chainlink and Base Redefine Smart Contract Development
In conclusion, the integration of Chainlink Automation on Base marks a pivotal moment in the evolution of decentralized applications. With enhanced capabilities, reduced gas costs, and ongoing developments, this collaboration propels the blockchain ecosystem towards a future defined by innovation and efficiency. Developers can now explore uncharted territories, pushing the boundaries of what’s possible within the decentralized landscape.
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