Taraxa to Integrate a Chainlink Time-Stamp Oracle for Tracking Informal Transaction Agreements.

How Chainlink’s Decentralized Timestamp Oracles Benefit Taraxa’s Use Cases.

Why Taraxa Selected Chainlink for Timestamp Oracles?

  • Flexible: Chainlink is API-agnostic, meaning we can use it to retrieve high-quality time data from any off-chain source, such as NIST, AWS Time Sync, Google Public NTP, and other time-based APIs.
  • Security: Chainlink is thoroughly audited open-source software powered by a large collection of independent, security reviewed, and Sybil-resistant oracle nodes operated by leading blockchain DevOps and data providers.
  • Decentralized: Chainlink oracle networks are decentralized at both the node and data source levels to ensure high availability and manipulation resistance in the sourcing and delivering of external data on-chain.
  • Time-tested: Chainlink already secures billions of dollars in value on mainnet for top blockchain-based applications, even providing on-chain updates during periods of high gas prices and extreme network congestion.

Chainlink-Taraxa Technical Integration Details

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