Ethereum

DeFi

Chainlink

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/21shares-utilizes-chainlink-for-proof-of-reserves/" data-wpel-link="internal">21Shares Utilizes Chainlink for Proof of Reserves</a> 
Bitcoin and <a href="https://en.coin-turk.com/ethereum-network-sees-surge-in-gas-fees-due-to-increased-transaction-volume/" data-wpel-link="internal">Ethereum</a> ETF issuer, one of the few <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">companies</a> in this space, has now partnered with a popular altcoin. They are doing this for greater transparency. At the same time, this altcoin, which is almost monopolizing its field, gains an important partner. Despite competitors like Binance Oracle, Chainlink has grown steadily over the years. 
<h2 style="text-align: justify" id="chainlink-link-and-21shares">Chainlink (LINK) and 21Shares</h2> 
21Shares, which issues ETFs traded on the world’s largest exchanges, will leverage PoR for proof of reserves. Especially after the FTX collapse, questions arose about the real reserves of exchanges. While many centralized exchanges regularly publish reserve reports, they saw that this was not enough and started creating proof of reserves. Chainlink‘s product is exactly for this purpose. Chainlink Labs CBO Johann Eid said; 
<blockquote> 
 “21Shares plays an important role in supporting the adoption of digital assets, and the Chainlink platform helps financial institutions achieve their vision of seamless tokenization on a global scale.” 
</blockquote> 
With PoR, reserves can be verified instantly and live. The integration was implemented following the ETH ETFs launched on July 23. Other ETF issuers may also seek support from Chainlink at this point, which could positively impact LINK Coin’s price performance in the medium and long term. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-374938 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/LINKUSDT_2024-07-29_17-16-50.png" alt="" width="1814" height="836"> 
Indeed, with CCIP, Chainlink already guides many popular financial companies in the RWA field, providing them with infrastructure. At the same time, over the years, Chainlink has almost monopolized the DeFi space with its price feeds solutions. After <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the news</a>, the LINK Coin price did not experience a significant increase. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/21shares-utilizes-chainlink-for-proof-of-reserves/" data-wpel-link="internal">21Shares Utilizes Chainlink for Proof of Reserves</a></h5>
The post <a href="https://en.coin-turk.com/21shares-utilizes-chainlink-for-proof-of-reserves/" data-wpel-link="internal">21Shares Utilizes Chainlink for Proof of Reserves</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

21Shares Utilizes Chainlink for Proof of Reserves

目次

COINTURK NEWS

2024年7月29日公開の他の記事

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

Ethereum Plummets 8.5% Following ETF Outflows: Analyzing the Market Reaction

US national debt passes $35T — 5 Things to know in Bitcoin this week

Dogecoin Bull Elon Musk Forecasts Doom Scenario for US Economy, but Ethereum Altcoins Like RCOF W...

NIN-SIM verification: NCC orders immediate reactivation of affected lines

Ethereum ETFs Debut Strongly: BlackRock and Bitwise Lead with $470.5M Combined Inflows

ニュースレターを購読して暗号資産の最新情報を毎日入手！