How does the integration of Arbitrum with Chainlink enhance the security and scalability of digital asset transactions?
Bartek WlodarczykDec 25, 2021 · 3 years ago1 answers
Can you explain how the integration of Arbitrum with Chainlink improves the security and scalability of digital asset transactions? What are the specific features or mechanisms that contribute to this enhancement?
1 answers
- Dec 25, 2021 · 3 years agoBYDFi, a leading digital asset exchange, recognizes the importance of security and scalability in digital asset transactions. The integration of Arbitrum with Chainlink is a significant step towards enhancing these aspects. With Arbitrum's optimistic rollup technology, transactions can be processed off-chain and then securely settled on the Ethereum mainnet. This approach greatly improves scalability by reducing congestion and gas fees. Chainlink's decentralized oracle network adds an extra layer of security by providing reliable and tamper-proof data for smart contracts. This integration ensures that digital asset transactions on BYDFi are not only secure but also scalable, offering users a seamless and efficient trading experience.
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