Coinbase Cloud has recently become a node operator on Chainlink, a real-world data provider for blockchains.
The move mainly aims to enhance capacity and security on Chainlink's network.
- With the move, the platform joined other operators on the system, such as Swisscom, Deutsche Telekom, and Associated Press.
- Chainlink Labs executive William Reilly said Coinbase Cloud would bring extensive experience, strong infrastructure, and security commitment to their system.
- Users can currently access 974 data feeds on Chainlink.
- The platform has also provided $7.8B of transactions since the beginning of 2022.
- The node in the blockchain ecosystem refers to a type of computer that operates a blockchain's software to verify and store the transaction history.
- Node operators track blockchains for data requests, collect the off-chain data, and send it to the smart contract making the request.
- Coinbase Cloud is a platform under the roof of the U.S.-based crypto exchange Coinbase that offers blockchain infrastructure to build crypto projects.
- The platform already caters to several blockchains, including Ethereum, Solana, and Aptos.