Chainlink Automation Joins Coinbase’s L2 for Cost Efficiency

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Chainlink Automation’s integration with Coinbase’s Base Layer 2 (L2) network is a major development in the blockchain space.

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This collaboration aims to slash transaction costs for developers by up to 90%, a significant stride toward enhancing accessibility and cost-effectiveness in blockchain development.


Chainlink and Coinbase Collaborate to Boost Blockchain Development

In a noteworthy alliance, Chainlink Automation has seamlessly integrated with Coinbase’s Base Layer 2 (L2) network. This collaboration not only aims to substantially reduce transaction costs by up to 90% but also focuses on enhancing the scalability of smart contracts.

Smart contracts, which execute themselves based on pre-coded terms, will benefit from advanced tools provided by Chainlink Automation within the Base L2 network. These tools empower developers to create and manage decentralized applications (dApps) more efficiently.

One pivotal feature introduced through this integration is Chainlink’s Data Feeds. These feeds offer secure and tamper-proof data for smart contracts, allowing them to interact reliably with real-world information.

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The partnership also emphasizes cross-chain interoperability, a critical aspect for different blockchain networks to communicate and share information. This interoperability is essential for the widespread adoption and functionality of dApps across diverse blockchain platforms.

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The collaboration between Chainlink and Coinbase’s Base L2 network reflects a commitment to streamline blockchain technology, making it more accessible for broader usage and advancing the development of the Web3 space. By providing developers with tools to build dApps with lower transaction costs and enhanced capabilities, this partnership is laying the groundwork for the next generation of decentralized applications and services.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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