Prospers Connects with Chainlink Keepers

Prosper has announced the integration of Chainlink Keepers that would help in automating the prediction market in a decentralized manner. Chainlink Keepers, the leading solution provider for decentralized oracle feeds and computing services in off-chain just debuted on the mainnet Binance Smart Chain (BSC) and provides safe, smart contract automation. As Prosper creates a broad cross-chain liquidity solution for prediction markets, this integration decreases confidence in essential aspects of Prosper’s markets to ensure stable performance.

Prosper, a well-known non-custodial market for prediction and cross-chain, is highly managed by a professional team. It successfully created a platform for prediction allowing users to anticipate the result of on-chain events like an off-chain program along with asset prices such as sporting events, political rallies, etc.

Prediction markets are comparable to online polls, making it difficult to manipulate points due to the number along with votes decentralization or at the endpoint thanks for the tracing on-chain facility along with smart contracts consensus guarantees. Thanks to the transparency, security, and decentralization inherent in blockchain, Prosper intends to tackle concerns typically encountered with traditional polls and surveys.

Prosper overcomes typical problems by creating a platform for cross-chain connecting prominent blockchains including Avalanche, ETH, Tron, BSC, and Okex, and pools liquidities from various chains and tokens for a single prediction.

Usually, the execution of smart contract activities requires human execution. Most of these are basic smart contracts requiring external stimulus and engaging with the smart contract’s next step. Prosper has incorporated Chainlink Keepers that would bring trust and automatically trigger smart contract functionalities, outsourcing numerous critical responsibilities to an impartial and safe network of Keepers node operators, removing the centralized demand of smart contract execution from the Prosper team.

Chainlink enables smart contracts on any blockchain to leverage extensive off-chain resources, such as tamper-proof price data, verifiable randomness, keeper functions, external APIs, and much more.

At present, the Chainlink price is at $47 with a volume of $3,051,497,131. According to experts, in 2022, Chainlink is set to stay at $27 in the first quarter, and by the end of 2022, it will be around $35. If you’d like to know more about Chainlink’s predictions, you can follow the link.

Chainlink has a significant competitive advantage in that it has no direct competitors. The functioning includes a well-thought-out network with geniuses at the helm.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button
Bitcoin (BTC) $ 66,232.75
Ethereum (ETH) $ 3,563.12
Tether (USDT) $ 0.999595
BNB (BNB) $ 607.61
Solana (SOL) $ 145.27
XRP (XRP) $ 0.489643
Dogecoin (DOGE) $ 0.136551
Cardano (ADA) $ 0.413916