Twelve Data will run its Chainlink Oracle node to provide premium financial data
Twelve Data, a premium financial market data provider, will run its own Oracle node Chainlink to provide smart contracts with premium financial market data.
Twelve Data made a publication of blog on Monday, January 11. By operating its own Oracle node, the data provider will provide smart contracts over blockchain networks with high-quality data on stocks, forex, crypto and other financial assets..
According to Twelve Data, the move is to evolve with the rise of decentralized finance (DeFi), where it sees growing demand in the premium financial market data chain. The company does not have a strong stake in the blockchain industry and run a node Chainlink It will provide you with an ideal opportunity to expand our operation in these new blockchain markets.
Twelve Data is a leading Singapore-based data aggregation company that collects financial market data for a wide range of asset classes, including stocks, forex, crypto, ETFs, and indices, generating high-quality benchmark data. The company's financial data covers hundreds of traditional and cryptocurrency exchanges, comes in a wide variety of data formats, including JSON and CSV, and can be viewed in less than 170 ms on average.
Running a Chainlink node will allow the company to provide this premium financial market data to developers in any blockchain environment. Through APIs, web sockets, SDK, and other easy-to-use tools, the company will provide the data developers need to build a successful business system, fintech product, or research project. The company claims that its "APIs are institutional grade and are already trusted by the world's largest financial firms, with an average of 700 million API requests per day for more than 80,000 financial assets."
Based on data from Twelve, after reviewing numerous Oracle solutions, he found Chainlink to be the most secure, reliable and flexible solution on the market, while at the same time providing us with the largest collection of users to sell data to. This will allow the company to help grow the DeFi ecosystem as a whole and a perfect opportunity to expand its user base.
The Twelve Data team concluded:
“Joining the Chainlink Network as a node operator allows us to offer developers building DeFi applications on a variety of blockchains access to our highly refined premium financial data sets. Additionally, the ability of Oracle Chainlink nodes to cryptographically sign data serves to generate additional security guarantees on our data, ensuring that it can be trusted to automate the exchange of value between users on the blockchain.
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