Celo Joins Chainlink’s SCALE Program to Accelerate Long-Term Adoption

04/26/2023 00:24 • Tech Trends • 89 views

According to reports, Celo officially announced that it has joined Chainlink’s SCALE program (a sustainable Chainlink access program for Layer1 and Layer2). Celo stated that the program will help accelerate Celo’s long-term adoption by providing low-cost and reliable Chainlink oracle data and services to Celo developers.

Celo Joins Chainlink SCALE Program

Introduction

Cryptocurrency is a field that promotes innovation and dedication to building sustainable solutions for the world. Celo and Chainlink are two blockchain projects that have been making significant strides in the industry, and their latest partnership is set to drive long-term adoption.

What is SCALE Program?

Chainlink’s SCALE program is a sustainable access program that aims to help Layer1 and Layer2 projects by providing them with low-cost and reliable Chainlink oracle data and services. With the program, Chainlink provides projects with the unique opportunity to access top-quality services that can allow them to enhance their projects’ functionalities and scalability.

Celo and Chainlink Partnership

Celo’s partnership with Chainlink is a move that is set to accelerate its long-term adoption. Celo is a blockchain project that aims to promote financial inclusion through its DeFi-focused mobile app platform. The partnership with Chainlink will leverage the high-quality oracle services provided by Chainlink to enhance its platform’s functionalities.
Celo’s vision is to create a more decentralized, community-driven economy. With access to Chainlink’s oracle data, Celo developers can access reliable data sources that can enable them to build more robust platforms. The Chainlink integration will also help Celo developers to build data-driven applications that can drive more significant user adoption.

Benefits of the Partnership

By joining Chainlink’s SCALE program, Celo will leverage the high-performance oracle services provided by Chainlink. The benefits of the program include:
– Access to reliable and verifiable data
– Enhanced platform functionalities
– Increased scalability
– Reduced development costs through shared resources and developer communities

Conclusion

Celo’s partnership with Chainlink is an exciting announcement for the crypto industry. The partnership will promote innovation and collaboration between two leading blockchain projects, and provide more user-friendly and efficient DeFi services. As Celo leverages the benefits of Chainlink’s SCALE program, it’s expected to see more user adoption in the future.

FAQs

1. What is Celo, and what does it do?
Celo is a mobile-first blockchain platform that promotes financial inclusion through its decentralized finance (DeFi) platform.
2. What is Chainlink’s SCALE program?
Chainlink’s SCALE program is a sustainable access program that provides Layer1 and Layer2 projects with low-cost and reliable Chainlink oracle data and services.
3. How will the Celo and Chainlink partnership affect the crypto industry?
The partnership is set to promote innovation and collaboration between two leading blockchain projects, and provide more user-friendly and efficient DeFi services. This will enhance the crypto industry’s functionalities and drive more significant user adoption.

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