Altcoin Invested by Turks Announced Giant Development!

Chainlink Labs has announced a program to promote the development of the oracles-related Blockchain ecosystem. The program aims to help with access to the Tier 1 and Tier 2 Blockchain ecosystem and cost nuisances for oracle services. Avalanche, Metis, Moonbeam and Moonriver were the first altcoin projects to participate in the SCALE program.

A valuable step from the altcoin project preferred by the Turks

Blockchain oracles provider Chainlink Labs came up with valuable news today. Accordingly, the altcoin has announced a program to promote oracles-related Blockchain ecosystem development. Chainlink is implementing SCALE as part of the Economics 2.0 program. In this way, Chainlink aims to achieve a significant increase in efficiency in SCALE and LINK oracle networks.

In the middle, SCALE stands for “Sustainable Chainlink Access for Layer 1 and 2 Activation”. The goal of the program is to assist with access and cost to Oracle services and configurations. To achieve this, it aims to grow decentralized application ecosystems in Tier 1 and 2. Chainlink also notes that the Blockchain ecosystems in the SCALE program can, over time, reset the operating costs of oracle networks, according to a statement on its website.

Chainlink oracles enable on-chain smart contracts and applications to use off-chain information in a secure and decentralized manner. Chainlink’s services use a wide variety of Blockchain applications that handle multiple costs. Sergey Nazarov, CEO of Chainlink, made a statement about this development. Nazarov noted that Chainlink’s Transaction Value Enabled (TVE) is at $6.1 trillion. This number includes processes such as clearing, borrowing and derivative processes.

Avalanche, MetisDAO, Moonbeam and Moonriver join the program

The SCALE program aims to optimize the data security, utility and operating costs of Chainlink oracle services. Accordingly, SCALE is an initiative of Chainlink within the broader Economics 2.0 program. In the midst of this, a number of altcoin projects have chosen to collaborate with Chainlink Labs for the program. The first projects were Avalanche (AVAX), MetisDAO (METIS), Moonbeam Network (GLMR) and Moonriver (MOVR). Each ecosystem will contribute to Oracle networking operating costs. Regarding the issue, Chainlink also made an announcement on Twitter:

Sergey Nazarov says that Chainlink Economics 2.0 and SCALE embed a ‘holistic economic model’ that is valid for the long-term success of Blockchains, decentralized applications and the Chainlink ecosystem.

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