TRON (TRX) launches oracle plattform JustLink to compete with Chainlink
JUST Foundation launches oracle service platform on TRON (TRX) JustLink to compete with Chainlink (LINK).
JustLink will implement a penalty mechanism for dishonest information providers.
The DeFi sector is reclaiming momentum, despite negative performance in Ethereum and TRON (TRX).
DeFi Pulse registers a rebound in Total Value Locked (TVL) on the DeFi protocols and stands again at $11.29 billion.
Seizing the moment, the JUST Foundation has launched TRON’s oracle service, JustLink.
Conceived to be an “answer” to Chainlink’s (LINK) oracle service, JustLink offers a secure connection between decentralized protocols with information outside the blockchain.
First oracle project on TRON (TRX)
JustLink is the first official oracle project created on TRON (TRX). Smart contracts on TRON will be able to receive information on prices, stablecoin exchange rates, derivative prices, market estimates, among others. The JUST Foundation states:
JustLink is the answer for Chainlink on the TRON network. The timing of its launch could not be better as it meets the demands that TRON-powered smart contracts have for external data, which liberates the entire TRON ecosystem.
Additionally, JustLink will have “greater options” to be leveraged by developers looking to build DApps. However, the JUST Foundation only mentions among JustLink’s advantages that TRON will have “exponential growth”.