Solidity-compatible parachain Moonbeam Network has integrated Chainlink

A parachain on the Polkadot network, Moonbeam Network has integrated Chainlink on its testnet. Moonbeam developers can leverage Chainlink to access reliable price feeds in their DeFi dApps, run their own Chainlink oracle node, and/or sell their data on-chain.

By deploying Chainlink to the Moonbeam TestNet — and eventually to its Kusama and Polkadot parachain deployments — new protocols launching in the Moonbeam ecosystem will have built-in access to Chainlink.

Derek Yoo, CEO of PureStake and head of the Moonbeam project said: “Moonbeam has quickly become a destination for Solidity projects that want to easily expand to Polkadot. The integration of Chainlink’s decentralized technology adds significant functionality to our smart contract platform and gives developers immediate access to secure and reliable price data for their DeFi applications.”

Since Moonbeam was designed as an easy on-ramp to Polkadot with complete Ethereum compatibility, the existing Chainlink smart contracts were able to be deployed to the Moonbeam TestNet without the need for refactoring or changes. This is made possible by Moonbeam’s additional support for Solidity smart contracts that goes beyond the EVM to include Ethereum-standard tools, account formats, and signatures. Once parachain functionality is live on Polkadot, this will allow Solidity developers to re-deploy existing contracts to the network without hiring new developers or significantly rewriting their codebase.

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