Coinbase’s Layer 2 Network Base now supports Chainlink test network token LINK on Base Goerli

03/20/2023 15:33 • Blockchain Briefs • 97 views

According to reports, the Layer 2 Network Base launched by Coinbase announced on social media that the Chainlink test network token LINK is currently supported on Base Goerli. Users can obtain the test network LINK for their accounts on the supported Base blockchain test network, so that you can create and test your own oracle and Chainlink smart contract.

Base Goerli already supports LINK

Introduction

Recently, Coinbase’s Layer 2 Network Base announced on social media that it now supports the Chainlink test network token LINK on Base Goerli. This means that users can now obtain the test network LINK for their accounts on the supported Base blockchain test network to create and test their own oracle and Chainlink smart contracts. In this article, we will look more closely at the significance of this update and what it means for the Chainlink network.

What is Coinbase’s Layer 2 Network Base?

Coinbase’s Layer 2 Network Base is a Layer 2 solution that allows for faster and more affordable transactions on blockchain networks. It functions as a second layer on top of an existing blockchain, allowing for faster and cheaper transactions. This is achieved by processing transactions off-chain, then settling them on-chain in batches.

What is Chainlink?

Chainlink is a decentralized oracle network that connects smart contracts on a blockchain network to real-world data and events. It enables smart contracts to access data such as market prices, weather reports, and more from off-chain sources such as APIs, enabling the creation of more complex and automated contracts.

What is the Chainlink test network token LINK?

The Chainlink test network token LINK allows developers to test their Chainlink smart contracts without using real tokens. This is important for testing and development purposes, as it ensures that the system works as intended before using real tokens.

What does it mean for LINK to be supported on Base Goerli?

By supporting the Chainlink test network token LINK on Base Goerli, Coinbase’s Layer 2 Network Base is making it easier for developers to develop and test their Chainlink smart contracts. Test network LINK can be obtained for users’ accounts on the supported Base blockchain test network, allowing users to create and test their own oracle and Chainlink smart contracts.

Conclusion

The integration of Chainlink test network token LINK on Base Goerli is a significant development for the Chainlink network. It makes it easier for developers to develop and test their Chainlink smart contracts, paving the way for more innovative and complex smart contracts to be created.

FAQs

1. Can I use real Chainlink tokens on Base Goerli?
No, Base Goerli only supports the Chainlink test network token LINK for development and testing purposes.
2. How do I obtain Chainlink test network token LINK on Base Goerli?
Users can obtain test network LINK for their accounts on the supported Base blockchain test network.
3. Is Coinbase the only company that supports Chainlink test network token LINK on Base Goerli?
No, there may be other companies that support the Chainlink test network token LINK on Base Goerli or other test networks.

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