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Chainlink Automation Goes Live on Base, Promising Upto 90% Reduction in Gas Costs

source-logo  bsc.news 23 January 2024 18:10, UTC
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Chainlink Automation has officially gone live on Base, introducing verifiable, decentralized, and gas-efficient smart contract automation capabilities.

#Chainlink Automation is officially live on @base, the layer-2 network incubated by @coinbase.

Base builders can now leverage Web3’s most reliable and performant automation solution to power next-gen use cases.

— Chainlink (@chainlink) January 23, 2024

According to a press release shared with BSC News, this integration reportedly opens the door for Base developers to leverage advanced Chainlink services, including CCIP, Data Feeds, and Automation, empowering them to pioneer a new era of hyper-scalable applications.

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"We're excited to see the next-gen apps that developers can build on Base using the advanced off-chain compute capabilities enabled by Chainlink Automation,” Jesse Pollak, the Creator of Base. “Being able to offload compute-heavy tasks to the Chainlink Network expands the use cases that Base developers can realize."

With Chainlink Automation on Base, developers reportedly can incorporate a higher level of computation into their smart contracts. This enhancement facilitates the exploration of more advanced use cases, expanding the horizons of what developers can achieve within the decentralized ecosystem.

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Enhanced Efficiency with Reduced Gas Costs

As per reports, Chainlink Automation on Base offers a diverse range of triggers, introducing innovative ways to connect multiple decentralized applications (dApps). For instance, Automation allows smart contracts to respond to on-chain log events, acting as a robust messaging bus akin to the pub/sub messaging bus used in connecting microservices in traditional Web2 applications.

Reports indicate that Base developers can now offload compute-intensive tasks to the Chainlink Network while maintaining blockchain verifiability standards. This integration is expected to result in up to a ~90% reduction in gas costs, and a notable advancement in cost efficiency for decentralized smart contract development.

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Previous Integrations and Ongoing Developments

Chainlink's expansion continues with previous integrations, such as the incorporation of Chainlink's price feeds on zkSync Era in December. It represents a crucial step in Oracle's SCALE program, emphasizing sustainable access to Layers 1 and 2.

Additionally, in November, Chainlink unveiled an upgrade to its native staking protocol with the introduction of Chainlink Staking v0.2.

Base, concurrently, has achieved a Total Value Locked (TVL) of $383.5 million, with Aerodrome contributing a substantial $107 million to this milestone.

bsc.news