Today we’re thrilled to announce our partnership with Chainlink, the decentralized oracle network providing off-chain data to the multi-blockchain ecosystem. As of today, all Amberdata APIs are accessible within blockchain smart contracts, delivering actionable data into the hands of all developers.
Amberdata, the leading provider for Cryptocurrency Market Data, Multi-blockchain & DLT data, enables businesses to build and operate on an infrastructure you can trust & verify.
The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain. Their decentralized business is one of the first of its kind to provide oracle data to any blockchain. Businesses operating with blockchain based data can now fully decentralize key components using off-chain data. On-chain trust just got a huge upgrade!
Chainlink Middleware — Easy Off-chain Data Integration
What does Chainlink provide?
Decentralized services allow many participants to act trustfully in an un-trusted environment. Chainlink is a network of decentralized providers & adapters that connect traditional APIs to on-chain smart contracts. The service describes the product very well:
The Problem: smart contracts can’t access data on their own.
When developers implement their chosen smart contract, they encounter a connectivity problem. Their smart contract is unable to connect with key external resources like off-chain data and APIs. This lack of external connectivity is due to the method by which consensus is reached around a blockchain’s transaction data and is a problem for every smart contract network.
The solution: a highly reliable decentralized oracle network.
Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.
Amberdata provides market intelligence for blockchain businesses
How does Amberdata integrate with Chainlink?
Amberdata and Chainlink have teamed up to provide data to blockchain by a special set of adapters running on the chainlink network. Smart contracts can access market & blockchain data from Amberdata using a set of standard request methods, giving flexibility to all developers.
With Amberdata’s API, the full breadth of cryptocurrency market data is available including: Order Books, Best Bid/Best Offer, Open High Low Close Volume, Volume Weighted Average Price, Tickers, Tokens and more. Market data is not available on-chain without the Amberdata oracle.
Make decisions with the best information available. Crypto assets can be volatile, markets can be thin and prices can shift quickly on and across exchanges. Our API enables radical transparency into on-chain and across exchange data. Know and act in real-time with our streaming data and metrics within the trusted context of blockchain.
How can businesses get started using Amberdata & Chainlink?
Utilizing oracle data within any blockchain-enabled business is no longer difficult. There is a thorough guide available here →