Matic Network is excited to announce an ongoing collaboration with Chainlink. This integration will enable Matic to leverage the Chainlink decentralized oracle network to enable real-world data for any smart contracts running on Matic.
Matic is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. We aim to be the de-facto platform on which developers will deploy and run decentralized applications.
Essentially, DApps running on Ethereum now have the option to use Matic to take advantage of fast, cheap, and secure transactions on the network, and take advantage of Plasma security for assets.
Chainlink solves an important problem for DApp and smart contract developers. It enables access to real-world data. Until now, oracles for off-chain data have been centralized and a pain point for developers trying to build real decentralized applications. Chainlink is building open standards and solutions for oracles and we are excited to align our roadmaps to make it easy to leverage oracles on the Matic Network.