Digitex Futures are focused on revolutionizing futures trading by being innovative in ensuring a highly secure platform, which is protective of user funds. Chainlink’s Price Reference Contracts are now used to back up their existing price feeds.
Chainlink – Official Channel tweeted: “DigitexFutures is integrating Chainlink’s Price Reference Data as a price anchor for more secure & transparent price determination. Digitex is the 1st centralized cryptocurrency futures exchange to use decentralized oracles to improve platform security!”
Digitex Futures are assured that the ChainLink oracle will help them ensure heightened transparency and reliability to provide for the critical component of their platform. Traders are, therefore, ensured strong protection versus price manipulation. Thus, traders are protected from overexposure to slippage.
Slippage usually happens when the internal price feeds deviate too much away from the global market price. The price reference contracts are now tamperproof because of ChainLink Oracle.
The price reference model from ChainLink ensures accurate prices, manipulation resistance, and guarantee for liveness. The decentralized design from Chainlink helps ensure that incompetent and malicious actors do not hinder the quality of price data. Thus, improving on the reliability of price updates.
Adam Todd, Founder, and CEO of Digitex, stated:
“Chainlink provides Digitex with highly reliable and transparent price feeds that protect our users against the negative outcomes of abnormal market conditions or internal complications. Using Chainlink price data enables us to deliver stronger security and performance guarantees to our users, furthering our vision to revolutionize futures trading.”
Sydney Ifergan, the crypto expert, tweeted: “ChainLink (LINK) are time and again proving the reliability of their Oracle with every new provider reinstating the reliability factor.”
The natural reliability of the ChainLink Oracle is attracting adoption like a breeze. Blockchain game development studio Block Pegnio is integrating Chainlink VRF into its flagship title, The Six Dragons, which is the Skyrim inspired RPG blockchain game.
Chainlink VRF is facilitating auditable evidence that in-game assets are created with tamperproof randomness.
In response to the Block Pegnio integration, one of the commentators opined this is the kind of stuff that will spark imaginations, eventually opening up new possibilities. The commentator further stated, “Think how this mechanism barely scratches the surface and the presently inconceivable results of layering in new types of trusted, verifiable complexity to games, apps, agreements.”
Several of them feel that ChainLink will have a notable name in history, and many feel all their collaborations are brilliant. Hopefully, Link will keep it up! There is a first for everything, and it happens with every integration!
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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