On July 25, an Elastos ETH panel announced that the Elastos ETH side chain will have Chainlink joined, a decentralized oracle service provider, and integrate resources with Chainlink to support the cross-chain stability agreement established on the Elastos ETH side chain. The ETH panel will use Chainlink's price reference data to form an ELA/USD decentralized price as the basis for the guarantee check of user collateral debt positions (CDPs) to ensure a comprehensive and stable guarantee. According to Huobi Global, ELA is trading at 2.4801 USDT, with a current increase of 15.86%.
Chainlink is reportedly the industry's top smart contract network solution of the decentralized oracle, enabling smart contracts to securely access off-chain data sources, website APIs, and traditional bank payments. Chainlink has always been selected as one of the top blockchain technologies by leading independent research companies such as Gartner. It provides highly secure and reliable oracles for large enterprises (such as Google, Oracle, SWIFT, etc.) and leading smart contract development teams (such as Web3/Polkadot, Kaleido, Synthetix, OpenLaw, Reserve, etc.).