ChainSafe would have received a development grant to natively integrate Chain link (LINK) in the Cosmos SDK.
As previously stated, the Chainlink Community Grants Program provides financial resources to development teams and researchers to create a “more functional, accessible and socially impactful” Chainlink network.
Chainlink says it encourages qualified software engineers and development teams to apply for the grant program. Researchers are also invited to collaborate with the Chainlink team.
As noted in the announcement, ChainSafe, a blockchain protocol and infrastructure development company, received a grant from the Chainlink community to achieve a native integration of Chainlink into the Cosmos-SDK.
As mentionned In the update, the grant will support various smart contract development teams within the Cosmos ecosystem wishing to build ‘externally connected’ decentralized applications (dApps) on blockchains powered by Tendermint using Chainlink Oracles.
When complete, the Cosmos ecosystem will begin supporting various DeFi, (non-fungible tokens) NFT, gaming and insurance products and markets “through seamless and native access to proven Oracle networks and fully functional from Chainlink. “
With funding provided by the Chainlink Community Grant, ChainSafe will focus on the following:
- Create a Cosmos-SDK module that “supports oracle Chainlink networks by accepting aggregated signed data from a set of oracles and storing it in blockchain state.”
- Ensure compatibility with existing Chainlink Off-Chain Reporting (OCR) data streams by “supporting Oracle reports produced by its peer-to-peer consensus protocol”.
- Provide support for multiple data streams in a single module instance and “allow the module to interact with other modules to distribute rewards to valid participating data providers.”
- The creation of a Chainlink module for Cosmos-SDK “will allow application developers in the Cosmos ecosystem to access Chainlink’s widely used price feeds, including the most recent and historical data.”
- The Chainlink module “will also support existing Chainlink OCR feeds already in use in production and extend support for connecting to any API, thus opening access to premium authenticated data sources and enabling aggregation. data in a secure, reliable and cost-effective manner. “
ChainSafe is a distributed ledger or blockchain (DLT) protocol and infrastructure developer that provides technical support for open-source software initiatives.
Chainsafe also received a grant from the Chainlink community to extend the Chainlink oracle palette on Polkadot, “proving their knowledge of the Chainlink technology stack and heterogeneous blockchain ecosystems.
Cosmos is described as an “ever-expanding” ecosystem of interconnected applications and services, “designed for a decentralized future”. Cosmos applications and services connect using IBC, the inter-blockchain communication protocol (IBC), “allowing users to freely exchange assets and data between sovereign and decentralized blockchains.”
The Cosmos-SDK is “a very flexible framework for building blockchains, which is based on the Tendermint core and can interoperate through IBC.” By integrating Chainlink into the Cosmos ecosystem, “over 247 applications / services and over $ 78 billion in digital assets gain access to high-quality external data made available through decentralized oracle networks that are highly available, accurate and forgery-proof. “
Aidan Hyman, Co-Founder and CEO of ChainSafe, said:
“We are proud to continue our excellent relationship with Chainlink, helping to extend the ecosystem to the Cosmos network with a custom Cosmos-SDK module. This is a giant step towards providing the Cosmos ecosystem with reliable oracles, enabling new use cases to be realized. We look forward to contributing our domain expertise in the Cosmos ecosystem by connecting Chainlink’s proven oracle infrastructure to the growing list of Cosmos blockchains and applications and providing secure and reliable external data sources.