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## Scroll, an Ethereum Scaling Solution, Introduces Chainlink’s Verifiable Data Standard
Chainlink, the decentralized oracle system, has formally introduced its Verifiable Data Standard on Scroll, an Ethereum scaling solution that utilizes zero-knowledge proof technology. Unveiled on January 29th, this incorporation provides developers on the zkEVM platform with access to Chainlink’s prompt market data.
This integration represents a crucial advancement for developers, merging low latency with automated execution to facilitate the development of innovative decentralized finance (DeFi) applications. These DeFi applications will feature improved attributes such as quicker transaction settlements, lower charges, and advanced blockchain capabilities.
Raza Zaidi, Head of Growth at Scroll, highlighted the significance of this advancement, asserting that “Chainlink Data Streams enable Scroll developers to construct high-performance dApps supported by Chainlink’s decentralized, trust-reduced infrastructure. This provides developers TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America the resources to unleash novel opportunities in DeFi innovation as we persist in constructing the open economy.”
The cooperation between Scroll and Chainlink commenced in August 2023 when Scroll became part of the Chainlink Scale program. This partnership aimed to expedite ecosystem expansion, providing the rollup solution’s developer ecosystem with expert technical assistance and other services from the leading oracle network.
By utilizing Chainlink’s DeFi oracle infrastructure, developers can design DeFi applications that compete with conventional financial platforms and centralized exchanges in terms of user experience, offering faster transaction settlements and superior security.
Scroll has formally unveiled its mainnet following two years of work, signifying a crucial achievement in October 2023. Subsequent to the debut, Scroll has tactically joined forces with prominent entities in the crypto sphere, encompassing Ether.fi, Alchemy Pay, and Nansen. These alliances underscore Scroll’s dedication to nurturing expansion and fortifying its standing as a primary participant in the decentralized finance environment.
This advancement signifies a noteworthy stride for DeFi, demonstrating the potential for more seamless integrations amid diverse platforms and offerings. With Chainlink’s oracle framework perpetually broadening and merging with other setups, the prospective opportunities for DeFi applications and capabilities are turning out to be increasingly extensive and stimulating.
