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Chainlink Functions Launches on Base, Propelling Smart Contract Innovation to New Heights

source-logo  blockchainreporter.net 10 April 2024 18:57, UTC

In a groundbreaking move today, Chainlink Functions, a revolutionary product developed by Chainlink, has officially launched on Base—a rapidly scalable layer-2 blockchain fostered by Coinbase and anchored by Ethereum.

This integration heralds a new era for smart contract developers on Base, providing them with unparalleled access to trust-minimized computing infrastructure. With Chainlink Functions, developers can effortlessly interface their smart contracts with external APIs and execute customized co]mputations, all within the secure confines of Base’s ecosystem.

Empowering Developers with Decentralized Compute Solutions

Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool empowers developers to seamlessly integrate their smart contracts with various APIs and conduct trust-minimized computations. Acting as a decentralized compute runtime, Chainlink Functions offers a range of functionalities, including testing, simulation, and execution of custom offchain logic for Web3 applications.

Essentially, it serves as a decentralized, blockchain-integrated alternative to conventional serverless solutions like AWS Lambda and GCP CloudFunctions, offering enhanced security and reliability.

Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, expressed his enthusiasm for the collaboration, emphasizing Base’s prowess as a high-performance layer-2 solution that fosters scalability and innovation in the blockchain space.

“Functions will provide developers on Base with increased flexibility, courtesy of Chainlink’s robust infrastructure,” remarked Karakostas, highlighting the potential for Chainlink Functions to catalyze groundbreaking developments within the Base ecosystem.

Base: Pioneering Ethereum Layer-2 Infrastructure

Base, engineered as an Ethereum layer-2 solution, stands as a testament to the ongoing evolution of blockchain technology. Designed to offer the security, stability, and scalability necessary for decentralized applications (dapps) to thrive, Base serves as the on-chain hub for Coinbase products, users, and assets. By seamlessly integrating with Ethereum L1, Coinbase, and other interoperable chains,

Base facilitates the seamless deployment of EVM codebases while minimizing costs for users. Tom Vieira, Head of Product at Base, lauded the integration of Chainlink Functions as a testament to Base’s commitment to advancing developer capabilities and embracing trusted technologies within its ecosystem.

blockchainreporter.net