hashport is excited to announce the integration of Chainlink’s $LINK token onto the platform! With this integration, the $LINK token can now be ported across hashport-supported networks. $LINK can then be used on foreign networks for various purposes including DeFi, yield farming, and many other decentralised applications. This will allow users to provide liquidity or collateralisation/lending/staking on DeFi protocols across supported chains.
What is Chainlink?
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
To empower a broad range of next-generation smart contract applications and use cases, Chainlink 2.0 focuses on oracle technology advances in seven key areas.
- Hybrid smart contracts
- Abstracting away complexity
- Order fairness
- Crypto Economic security
“As Chainlink Labs is a Hedera governing council member, we feel that this is an important asset integration for the Hedera community and will allow tokenholders to deploy their $LINK tokens to a variety of potential use cases over time.”
Jesse Whiteside, Director of Business at hashport
Technical Updates — $LINK Token Addresses
Ethereum Contract Address: 0x514910771AF9Ca656af840dff83E8264EcF986CA
Hedera Token ID: 0.0.1055495
If you’re attempting to port $LINK Tokens and have any questions, please refer to hashport’s FAQ page here. If you require further assistance, you can reach out to firstname.lastname@example.org for additional assistance.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
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