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Chainlink Launches CCIP, Data Streams, and Feeds on Plasma Foundation

Plasma joins Chainlink’s SCALE program, integrating CCIP, data streams, and oracle services to empower stablecoin use cases on its Layer-1 network.

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Summary

Plasma Foundation has officially joined the Chainlink SCALE program and adopted Chainlink as its oracle provider. Plasma integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP), data streams, and data source services to support the development of stablecoin applications on its Layer-1 blockchain network.

Terms & Concepts
  • CCIP (Cross-Chain Interoperability Protocol): A protocol by Chainlink enabling secure communication and data transfer between multiple blockchain networks.
  • Data Feeds: Decentralized sources of real-time data provided by Chainlink to smart contracts for accurate off-chain information integration.
  • Stablecoin-Focused Layer-1: A blockchain network designed primarily to support and optimize stablecoin issuance and transactions at the base protocol level.