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Cryptocurrency News Articles
TRON Announces Participation in Chainlink SCALE Program and Adoption of Chainlink Data Feeds as Official Oracle Solution
Nov 06, 2024 at 11:25 pm
Upon the launch of the Chainlink upgrade on TRON, support for WINkLink as the oracle solution will be discontinued.
TRON, a blockchain platform known for its high throughput and scalability, has announced its participation in Chainlink's SCALE program. As part of this integration, TRON will adopt Chainlink Data Feeds as its official oracle solution.
With this move, support for WINkLink, the previous oracle solution on TRON, will be discontinued upon the launch of the Chainlink upgrade on the network. This integration will bring the total DeFi TVL (Total Value Locked) secured by Chainlink to over $6.5 billion on TRON.
TRON's decision to choose Chainlink as its oracle solution highlights the platform's reliability, security, and vast network of data providers. Chainlink's decentralized oracle network provides access to a wide range of high-quality data feeds, enabling the creation of more sophisticated and useful DeFi applications on TRON.
TRON is a blockchain platform founded by Justin Sun in 2017. It was initially built on the Ethereum blockchain but later migrated to its own network protocol. The platform is designed to enable the creation of decentralized applications (dApps) with a focus on entertainment, gaming, and social media.
TRON's native token, TRX, is used for various purposes within the network, including managing network resources, participating in voting, paying fees, and earning rewards through staking.
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