Real-world data provider Chainlink has made a significant move by expanding to the Bitcoin network for the first time. This integration with the Bitcoin layer-2 network Spiderchain marks a new chapter in Chainlink’s journey.
Spiderchain’s developer, Botanix Labs, has joined the Chainlink Scale program, granting them access to Chainlink’s oracle services. This partnership will enable Spiderchain to leverage external data and information to enhance its network capabilities.
The addition of Chainlink to Bitcoin demonstrates the ongoing efforts to align the world’s original blockchain with the advanced features already present on other networks. Technologies such as layer 2 solutions, rollups, and smart contracts, which have been integral to various blockchains, are now being integrated into Bitcoin.
In addition to accessing Chainlink’s oracle services, Spiderchain will also implement the Chainlink Cross-Chain Interoperability Protocol (CCIP). This protocol facilitates token transfers across different blockchains, enhancing the overall interoperability of the network.
Oracles play a crucial role in blockchain ecosystems by providing external data that can be used by smart contracts and other blockchain applications. By integrating Chainlink’s oracle services, Spiderchain will be able to access real-time information and enhance the functionality of its network.
Botanix Labs is working towards making Spiderchain compatible with the Ethereum Virtual Machine (EVM) layers. This compatibility will enable applications and smart contracts running on Ethereum to be seamlessly transferred to the Bitcoin network, expanding the possibilities for developers and users.
Overall, the integration of Chainlink with Bitcoin through Spiderchain represents a significant step towards enhancing the capabilities and functionality of the world’s original blockchain. The collaboration between Chainlink and Spiderchain underscores the importance of interoperability and access to real-world data in driving innovation within the blockchain ecosystem.