Paralink Network is excited to announce integration with Polygon. Polygon (previously known as Matic Network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
By building on secured chains and standalone chains, Polygon is tackling the Ethereum scaling problems. The team behind Polygon aims at creating a framework that makes it possible to aggregate scalable solutions on Ethereum, supporting a multi-chain Ethereum ecosystem.
Paralink Network integration with Polygon will enable accurate, decentralized, and reliable data feeds to its chains. By providing secure and dependable multi-chain oracle solutions, Paralink allows users to benefit from its on-chain consensus algorithm, running on Polkadot Substrate, enabling the highest security applications.
Importance of Paralink Network — Polygon integration
For blockchains to become useful as consistent and verifiable sources of truth for real applications such as insurance, prediction markets, money markets with real-world collateral, derivatives markets, title registries, NFTs, DeFi, and more, they need access to high-quality, real-world data.
Paralink Network integration with Polygon will facilitate and accelerate the development of products and services in the nascent and fast-growing decentralized economy. Developers of various blockchain and smart-contract applications will get a rich and attractive feature set to build scalable, secure, sovereign, and highly customizable solutions without worrying about approaching data queries and data ingress. Furthermore, MATIC token will be used for data callbacks, increasing its role as a utility token, thus driving demand for its use!
“I’ve known Jan Knežević and his team and have been impressed by their level of professionalism and speed of delivery. I am excited to welcome them into the Polygon family ecosystem,” said Min Kim, the CMO of Polygon.
Jan Knežević, the CEO of Paralink Network, gave the following statement to begin the integration with Polygon:
“Majority of smart-contract applications require real-world data, and Paralink is determined to provide the best tools and practices when it comes to data queries and data ingress. This integration will allow Polygon users to access our robust data infrastructure and benefit from reliable and accurate data feeds. We are excited to integrate with Polygon as they have managed to build one of the most promising Ethereum scaling solutions in the industry!”
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 300+ Dapps, ~94M txns, and ~885K unique users.
About Paralink Network
Paralink Network offers a multichain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink’s on-chain consensus algorithm, running on Polkadot Substrate. Paralink’s flexible node design allows developers to query real-world events, sports, weather, random numbers, and more. Developers can create custom queries using Paralink Query Language and connect smart contracts with traditional APIs within minutes.
Telegram Announcements: https://t.me/paralinkannouncements
Paralink Litepaper: https://docs.paralink.network/whitepaper/summary.html