Chainlink

zkSync

<p>Matter Labs, a pioneering firm in engineering and cryptography focused on zkSync&#39;s development, collaborates with Chainlink Labs, the main developer behind <a href="https://chain.link/" rel="noopener noreferrer nofollow">Chainlink</a>, to join the Chainlink SCALE program. This move aims to boost the adoption of zkSync Era, the advanced zkEVM Ethereum layer-2 scaling solution. Furthermore, Chainlink&#39;s renowned Price Feeds are now operational on zkSync Era, marking a significant stride in blockchain technology.</p><h3 id="zksync-39-s-integration-into-chainlink-scale">zkSync&#39;s Integration into Chainlink SCALE</h3><p>zkSync&#39;s inclusion in the SCALE program is poised to escalate its ecosystem&#39;s success. This initiative enhances access to top-tier oracle data and services for developers while also reducing the gas costs incurred by Chainlink nodes in oracle report submissions on zkSync Era. The synergy between <a href="https://zksync.io/" rel="noopener noreferrer nofollow">zkSync</a> and Chainlink is expected to uphold Web3&#39;s decentralization ethos, simultaneously aiding Ethereum&#39;s scaling and equipping ecosystem developers with an array of reliable, cost-effective oracle services for a prolonged duration.</p><h3 id="the-impact-of-chainlink-price-feeds-on-zksync">The Impact of Chainlink Price Feeds on zkSync</h3><p>Marco Cora, Senior Vice President of Business and Operations at <a href="https://matter-labs.io/" rel="noopener noreferrer nofollow">Matter Labs</a>, expressed excitement about zkSync&#39;s integration with Chainlink SCALE. He emphasized the profound impact of Chainlink Price Feeds, combined with zkSync&#39;s new prover, Boojum, and unique state differences design, in making zkSync an economical rollup for Oracle updates. This integration heralds a new wave of innovation and diverse use cases.</p><h3 id="chainlink-scale-39-s-role-in-accelerating-blockchain-growth">Chainlink SCALE&#39;s Role in Accelerating Blockchain Growth</h3><p>Chainlink SCALE is an innovative program aimed at sustainably fostering the expansion of blockchain and layer-2 ecosystems. Its core mission is to enhance these platforms&#39; access to high-quality, low-cost oracle services. The program covers operational costs, like transaction gas fees, for Chainlink oracle networks, allowing blockchain/L2 ecosystems to grow while gradually transitioning to being self-sustaining through <a href="https://blockchainreporter.net/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">dApp</a> user fees.</p><h3 id="zksync-39-s-adoption-of-chainlink-price-feeds">zkSync&#39;s Adoption of Chainlink Price Feeds</h3><p>Johann Eid, Chief Business Officer at Chainlink Labs, lauded zkSync&#39;s participation in the Chainlink SCALE program. He highlighted the potential for zkSync to provide projects with essential services for developing scalable, feature-rich, and secure applications, thanks to reduced operational costs for Chainlink oracle nodes.</p><h3 id="advancing-defi-on-zksync-with-chainlink-price-feeds">Advancing DeFi on zkSync with Chainlink Price Feeds</h3><p>Chainlink Price Feeds&#39; deployment on zkSync allows developers to craft advanced applications with the necessary reliability and security, attracting user funds and scaling with their TVL growth. This boosts zkSync&#39;s DeFi ecosystem liquidity and network development.</p><h3 id="the-future-of-web3-with-zksync-and-chainlink-collaboration">The Future of Web3 with zkSync and Chainlink Collaboration</h3><p>The native integration of Chainlink Price Feeds into zkSync leverages zkSync’s advanced zk-rollup technology on Ethereum. This partnership is set to enable high-throughput DeFi protocols with robust security, steering towards widespread adoption of <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> technologies.</p>

Matter Labs and Chainlink Labs Forge Partnership to Enhance zkSync with SCALE Program

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