Celo (CELO) blockchain joins Chainlink’s SCALE program

Celo Network announced on Tuesday that it had joined Chainlink’s SCALE program. The mobile-first, EVM compatible blockchain platform will benefit from high-quality, low cost oracle services. Chainlink oracle nodes will power Data Feeds on Celo. Celo (CELO), a mobile-first, EVM compatible blockchain network, has joined the Chainlink SCALE program as it looks to tap into […] The post Celo (CELO) blockchain joins Chainlink’s SCALE program appeared first on CoinJournal.

Apr 25, 2023 - 20:39
Celo (CELO) blockchain joins Chainlink’s SCALE program
  • Celo Network announced on Tuesday that it had joined Chainlink’s SCALE program.
  • The mobile-first, EVM compatible blockchain platform will benefit from high-quality, low cost oracle services.
  • Chainlink oracle nodes will power Data Feeds on Celo.

Celo (CELO), a mobile-first, EVM compatible blockchain network, has joined the Chainlink SCALE program as it looks to tap into the oracle data and services of Chainlink (LINK) to accelerate Celo ecosystem adoption.

According to a press announcement the Celo Foundation published on Tuesday, the development comes after a community approval of a proposal that outlined the partnership. The Celo governance forum approved the proposal with 99% yes in the on-chain vote in March.

SCALE to boost Web3 mobile applications on Celo

SCALE is a program that seeks to boost sustainable growth for L1 and L2 blockchains by providing developers access to high-quality, but low-cost oracle services.

“Through the strategic deployment of resources, Celo will cover operating costs for Chainlink oracle nodes powering Data Feeds on the Celo Network. As the Celo ecosystem expands, dApp fees can eventually cover the full operating costs of Chainlink nodes,” Chainlink announced via its official Twitter account.

Joining the initiative does not just give Celo developers access to industry-leading oracle services; it means projects can now look to minimized gas fees, with Celo able to support development of next-generation mobile applications.

Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation, said the collaboration is a key step towards long-term sustainability for the blockchain.

“Developers building on Celo now have access to Chainlink’s oracle services, enabling the next generation of highly scalable Web3 mobile applications. We welcome Chainlink to the Celo community and look forward to the continued growth and collaboration between our communities.”

The post Celo (CELO) blockchain joins Chainlink’s SCALE program appeared first on CoinJournal.

coinjournal.com   

Tags: