Crypto Investment Platform Bit.Store Includes Chainlink Price Feeds
SINGAPORE, Nov. 24, 2021 / PRNewswire / — Bit.Store, an accurate crypto investment platform with 500,000 users across Australia, Canada, Hong Kong, Indonesia, and the United Kingdom, includes the industry’s leading Chainlink Price Feeds to provide. users with the most accurate and latest prices on crypto-assets. This allows Bit.Store users to directly access higher price estimates with the Bit.Store app.
The Bit.Store platform is designed to be accurate and word-free so that all investors, beginners or experienced, can easily invest in cryptocurrencies. In addition, Bit.Store is able to provide direct fiat-to-crypto investments in its area by partnering with an integrated crypto-fiat payment pioneer, Alchemy Pay, on fiat payment rails such as Visa, Mastercard and -PayPal.
Chainlink is the world’s leading oracle network used by smart contractors throughout DeFi, insurance, trading, games, and other major blockchain ecosystem components. The segmented network provides blockchain developers with a complete collection of reliable real-world data sources. Chainlink also provides highly secure off-chain calculations that allow developers to hone the skills of their smart contractors to grow firmness, automation, and randomness. Additionally, as the most widely used and time-tested oracle network, Chainlink already helps secure 75+ billion locks (TVL) in DeFi’s outstanding protocols across blockchain ecosystems.
Smart contracts use on-chain operations and contracts, but they do not directly connect to the world beyond the blockchain. Chainlink solves this by acting as a gateway between open spaces and outside the chain. The oracle network receives off-chain, real-world data (such as weather, currency, and digital commodity prices, Internet of Things objects, and location information) and transmits intelligent contracts.
Medium financial platforms and FinTech applications can also benefit from oracle at Chainlink by gaining access to a non-compliant data source authorized by Sybil-resistant and incentivized node operators. By diverting price infrastructure, such forums can give users more access to the data they need to make informed decisions, and use Chainlink Price Feed as a true back source.
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We prefer to integrate with Chainlink to provide increased guarantees to Bit.Store users that accurate pricing data is used during transactions between fiat and crypto. Chainlink Price Feeds are highly resistant and historically operated for years with great honesty. Some of Chainlink’s unique benefits include:
High Quality Data — Chainlink Price Feeds source data from multiple premium data collectors, leading to price data compiled from hundreds of exchanges, measured by volume, and purified of output and suspicious volumes. The Chainlink data integration model generates accurate global market prices that resists API / exchange time, flash outliers, and data fraud attacks.
High Update Frequency — Chainlink Feeds can make price updates regularly at minimal cost, leading to accurate pricing data consistently showing current market conditions.
Strong Infrastructure — Chainlink Values feeds networks separated by professional operator nodes operated by leading blockchain DevOps and traditional businesses with a strong long-term history of market volatility.
Transparency Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify historical performance and real-time supply prices.
At Bit.Store, we are committed to providing our community with the best and most accurate information. By integrating Chainlink Price Feeds into our area, we have been able to provide our users with the highest quality data to boost their confidence when making. Price-related decisions on the Bit.Store platform, “said Carl, Ptoject Manager.
About ChainlinkChainlink industry standard for building, accessing, and selling the oracle resources needed to enable smart contracts that are integrated into any blockchain. Chainlink oracle networks provide smart contracts in the form of reliable communication on any external API and use secure offline calculations to enable feature-rich applications. Chainlink currently protects tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and provides global businesses and leading data providers a gateway to every blockchain.
Learn more about Chainlink by visiting chain.link or read the documentation on docs.chain.link. To discuss integration, consult a professional.
About Bit.StoreBit.Store is an international digital asset investment platform aimed at enabling ordinary people to easily and securely access the crypto investment market. The forum also utilizes social features, providing access to education and news, and other investment tools to help regular investors make informed investment decisions.
The Bit.Store interface is accurate and clear in trading jargon such as “Bollinger Band” and “MACD.” To invest crypto currency in the fiat payment method of choice, the user has to decide the amount he wants to buy.
Bit.Store is gaining worldwide popularity, especially in Southeast Asia and Europe, and is currently the most integrated public crypto investment platform for emerging Indonesian investors.
Bit.Store digital assets are managed by a third-party caretaker, Cobo Custody, and are regularly verified by external auditors so that users can store their assets confidently on the platform.
Learn more about and join Bit.Store | Twitter | Telegram.
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