February 22, 2024

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The base is a layer-2 Ethereum-based project that has been created by Coinbase. The project has recently added support for Chainlink. The developers of the project have updated the users that the onboarding of Chainlink will allow Base to share price projections for off-chain resources. In this manner, the decentralized applications that are associated with the network can benefit.

The base has declared the introduction of the Chainlink Scale event. The event is also part of the Chainlink off-chain price projection undertaking. Base developers aim to reduce the operational expenses that have resulted from incorporating Chainlink on the second layer protocol.

Gas Inflation Reduction

Many blockchain networks suffer from the trouble of imminent gas fee inflation. Therefore, many users take to the second layer solutions to ensure that they can divert the massive expense of making transactions on a particular blockchain network.

To this end, Base developers have shared with the users that the incorporation of Chainlink on the platform may assist in reducing the gas inflation issue for Chainlink nodes. Chainlink nodes can prevent this issue when they are submitting oracle responses using the Base network rather than going through the mainnet, which may be congested.

Jesse Pollak is the project leader who is heading the Base protocol project. Reflecting on the merger of Chainlink features on Base; he shared that the team is looking forward to viewing its impact. He further said that Base developers are ecstatic to work as part of the Chainlink SCALE program.

Base and Chainlink developers would be working on data and services-related features in tandem with each other and create new decentralized applications. Chainlink Oracle is a smart contract-based protocol and is under use by crypto and non-crypto enterprises.

Also Read:  World Economic Forum Says Blockchain and Cryptocurrencies are Going to Prevail in the Future

Thus far, the project hosts 650K active users as per Dune analytics. The native currency of Chainlink may appreciate following this news.


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