Coinbase Cloud, the Web3 infrastructure unit of Coinbase, said it would become a Chainlink (LINK) oracle node operator to improve smart contract security.
In a May 18 statement shared with CryptoSlate, Coinbase Cloud said Chainlink plays a significant role in providing real-world data for web3 through decentralized Oracle networks. As many Web3 projects rely on this external data, Coinbase Cloud’s entrance to the space means it would now be a part of the decentralized oracle network powering Chainlink Data Feeds.
“We’re thrilled to contribute to the decentralization and reliability of Data Feeds serving many core ecosystem players.”
Coinbase Cloud already runs nodes and manages blockchain data infrastructure on networks like Aptos (APT), Ethereum (ETH), Flow, Solana (SOL), and Algorand (ALGO). Chainlink’s addition would help to improve its credentials as a significant player in the web3 ecosystem.
Coinbase Cloud Group Product Manager Kai Zhao said the development is a testame
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