https://ift.tt/LYGIxgj Incorporates Chainlink Price Feeds to Secure its Prediction Market

EFUN, a pioneering prediction Web3 games platform is thrilled to announce that it has integrated Chainlink Price Feeds in a bid to help secure its prediction market. The integration was executed on the BNB Chain mainnet.

Being on a mission to make games of predictions not only fun and beneficial but also transparent and trustworthy, EFUN has sought to introduce the oracle solutions of Chainlink on its platform.

Chainlink is a decentralized oracle network that provides standards for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Its collaboration with EFUN will facilitate the prediction games platform with access to high-quality, tamper-proof price feeds which it needs to accurately determine the results of prediction games based on external events.

This move is set to trigger further expansion for the EFUN platform as it would help reassure the users of the platform, guaranteeing them an accurate, transparent, and fair game of prediction.

According to the EFUN team, their initial integration involved the use of the following Chainlink Price Feeds: BTC/USD, ETH/USD, BNB/USD, LUNA/USD, and XRP/USD. However, they had decided to choose Chainlink as their go-to oracle solution because the team believed that its infrastructure is seamless to integrate and time-tested in production.

Chainlink’s ability to secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, while maintaining robust security and high availability even amidst unexpected events like exchange downtime, flash crashes, and data manipulation attacks has triggered the team’s confidence causing them to deem Chainlink fit for the security of their platform’s prediction market.

According to the announcement, EFUN had integrated Chainlink Price Feeds due to the multitude of effective features, some of which includes high-quality data, secure node operators, a decentralized network, and a robust reputation framework.

Commenting on the integration with Chainlink, the Founder and CEO of EFUN, Tony said;

“Chainlink Price Feeds help make sure that we can provide our users with reliable and transparent games of prediction. With hyper-reliable data feeds that are seamless to integrate, it’s clear why Chainlink is the industry leader.”