Chainlink, a provider of real-world data to blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system, adding capacity and security to the so-called oracle network, according to a Thursday press release.
A node operator monitors blockchains for data requests such as stock prices and temperature data, retrieves the off-chain information and delivers it to the smart contract that issued the request.
Coinbase Cloud brings “extensive experience, robust infrastructure and commitment to security,” William Reilly, global head of CeFi, sales & strategy at Chainlink Labs said in the press release.
