Site iconSite icon ForkLog

StarkWare announces partnership with Chainlink

StarkWare announces partnership with Chainlink

The Israeli startup StarkWare expanded its collaboration with the Chainlink decentralized oracle network to accelerate the deployment of its L2 solution StarkNet.

Price feeds from Chainlink are already being used on the project’s testnet. The integration of oracles into the mainnet is expected in the coming months as part of the partnership.

StarkNet will also join the Chainlink SCALE program. As part of the initiative, StarkNet tokens will be usable to pay for certain data and services from the oracle provider.

“Ultimately we are glad to build a sustainable system in which Chainlink and StarkWare have joined forces to broaden application development in StarkNet over the long term,” the startup said.

Ohad Barta, StarkWare’s Product Manager, told Cointelegraph that work on the StarkNet integration has been under way since June 2022. He said that Chainlink’s reputation in the Ethereum ecosystem was one of the key reasons for the partnership.

“The main advantage is that any application or startup can integrate with Chainlink’s price feeds and be confident that they will be accurate when they build their product,” he stressed.

StarkWare also announced the open-sourcing of a key component of the network—the StarkNet Prover. The mechanism uses StarkEx’s batching solution for scaling Ethereum.

Earlier the startup took similar steps with regard to the Cairo programming language, the Papyrus client, and the StarkNet Sequencer, the tool responsible for ordering transactions and creating blocks. StarkWare noted that the entire company’s tech stack would be available to external developers.

In December 2022, the payments giant Visa used StarkNet in a proof-of-concept for automated and programmable payments.

Exit mobile version