Join Our Mailing List
Sunday June 04, 2023
Bitcoin (BTC) $27,060.25   Ethereum (ETH) $1,893.09
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain

PARSIQ launched its blockchain monitoring platform in 2019, and is now available across Binance Smart Chain, Solana, Dash, Celo, and Alogrand...

Published by CryptoNinjas.net
04/24/2021
Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain

PARSIQ a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications has announced it has integrated Chainlink’s price feeds live on Binance Smart Chain (BSC)

The new integration will allow developers to build automated Smart-Triggers on PARSIQ that react to real-time events happening on the BSC mainnet. In this specific case, transactions can be monitored on BSC and then priced using Chainlink-powered decentralized price oracles running natively on BSC.

Having transaction valuations will enable users to create predefined logic on how they want their PARSIQ Smart-Trigger to react to market changes within the BSC ecosystem.

“We’re excited to continue enhancing our PARSIQ Smart-Trigger tools, enabling users to develop more advanced and customized automated workflows off-chain using a variety of blockchains and Chainlink Price Feeds. We hope to keep expanding with Chainlink as we build support for new blockchains in the future.”
– PARSIQ CEO, Tom Tirman

Smart-Triggers is a term coined by PARSIQ, wherein smart contract-like equivalents deployed in the PARSIQ off-chain environment can connect to different blockchains, monitor real-time activity, and use that data to trigger various predefined actions both on-chain and off-chain.

Based on the simplified ParsiQL language, Smart-Triggers are flexible in nature and fully customizable while still being easy to understand and develop. Smart-Triggers can be tailored for any user’s needs, from entry-level to highly advanced backend systems.

With user-defined logic, all information gathered can be filtered, aggregated, and specified to enact deterministic, data-driven events. This simple Smart-Trigger framework cuts time requirements and eliminates unnecessary information transferral.

Chainlink’s blockchain agnostic architecture enables PARSIQ to support advanced Smart-Triggers, known as Use Case Streams, across multiple chains, the latest of which is the Binance Smart Chain. This will allow users to set up triggers in workflows that react to price changes for assets on BSC or gather real-time information on pairs trading on Pancakeswap— the BSC equivalent of Uniswap.

You can always check the live price of ChainLink or any other cryptocurrency using this crypto converter.

Pancakeswap in particular has seen a huge increase in demand, sometimes even surpassing the daily transaction volume of Uniswap. This demand has continued to grow rapidly thanks to lower fees and faster transaction times on BSC. As such, PARSIQ recognized a need to deploy Smart-Trigger services on the BSC blockchain.

PARSIQ + Binance Smart Chain (BSC)

With Chainlink Price Feeds live and battle-tested on Binance Smart Chain, PARSIQ was able to easily migrate its Use Case Streams over to BSC. Chainlink Price Feeds are widely recognized as the standard decentralized oracle solution in DeFi for obtaining asset valuations.

Chainlink Price Feeds secure billions of dollars in value for leading DeFi projects using a decentralized architecture made up of numerous independent, security reviewed nodes run by leading blockchain DevOps. These nodes source data from a variety of premium data aggregators, ensuring price data reflects a volume-adjusted global aggregate from all trading environments. This not only ensures price accuracy but mitigates downtime and data manipulation attacks caused by flash crashes and flash loans.

Each Use Case Stream consists of more complex Events, representing important and interesting Blockchain Activities. By introducing an Event Stream called ChainlinkPriceFeed on BSC, Smart-Triggers on BSC can now connect to a Stream of the latest round of price updates for all pairs. When the Chainlink oracle network’s reference contract for any pair (e.g., ETH/USD) updates due to a variance in price, then a new Event is placed to the ChainlinkPriceFeed with the completed round’s data.

108
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: PARSIQ

Related News

Chainlink Keepers chosen to automate impermanent loss protection payouts on Armadillo

07/22/2022
Chainlink Keepers chosen to automate impermanent loss protection payouts on Armadillo

Armadillo, a multi-chain impermanent loss (IL) protection solution powered by the Crypto Volatility Index (CVI) from COTI, will be using Chainlink Keepers on Polygon to automate IL protection payout. CVI operates a basket of...

Read more

Storage blockchain Crust Network to launch External Adapter on Chainlink

06/06/2022
Storage blockchain Crust Network to launch External Adapter on Chainlink

Crust Network, a decentralized storage protocol based on IPFS that delivers file storage and hosting, today announced that it is launching an External Adapter on the Chainlink Network, the foremost decentralized oracle solution. Through...

Read more

Proofi by LTO Network to bring its KYC solution to DeFi and blockchains via Chainlink

05/30/2022
Proofi by LTO Network to bring its KYC solution to DeFi and blockchains via Chainlink

Dutch blockchain LTO Network, today announced that Proofi by LTO Network will make its identity data available to the multi-chain DeFi ecosystem via Chainlink, the leading blockchain oracle solution. Chainlink is integral to this...

Read more

Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

01/05/2022
Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

CoinJar, an Australian-based crypto exchange platform operating in both Australia and the UK, today announced that it is integrating Chainlink Price Feeds to help bring accurate fair market rates to its cryptocurrency exchange. With...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Quant Network blockchain integrates Constellation for IoT interoperability

Quant Network blockchain integrates Constellation for IoT interoperability

12/03/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy