Blockchain Monitoring Platform PARSIQ Integrates Chainlink’s Price Feeds, Now Live on Binance Smart Chain

PARSIQ, the blockchain monitoring and workflow automation platform that acts as a “multi-level” bridge between blockchain networks and off-chain apps, revealed that it has built-in Chainlink’s value feeds “dwell” on Binance Sensible Chain (BSC).

PARSIQ confirmed in a launch shared with CI that they launched their blockchain monitoring answer again in 2019. It’s now accessible throughout Binance Smart Chain, Solana, Sprint, Celo and Alogrand. As famous within the announcemnet, this newest integration will enable software program engineers to implement automated “Sensible-Triggers” on PARSIQ that “react” to real-time occasions going down on the BSC mainnet.

As defined within the launch, on this explicit case, transactions could also be monitored on BSC after which priced utilizing Chainlink-powered “decentralized” value Oracles operating “natively” on BSC. Having transaction valuations will “allow customers to create predefined logic on how they need their PARSIQ Sensible-Set off to react to market adjustments throughout the BSC ecosystem,” the announcement famous.

PARSIQ CEO Tom Tirman said:

“We’re excited to proceed enhancing our PARSIQ Sensible-Set off instruments, enabling customers to develop extra superior and customised automated workflows off-chain utilizing quite a lot of blockchains and Chainlink Value Feeds. We hope to maintain increasing with Chainlink as we construct help for brand spanking new blockchains sooner or later.”

Sensible-Triggers is a time period launched by PARSIQ, whereby smart contract-like equivalents deployed within the PARSIQ off-chain setting are capable of join with varied blockchain or distributed ledger tech (DLT) networks, monitor real-time exercise, and use that information to “set off varied predefined actions each on-chain and off-chain.”

The discharge additionally talked about:

“Primarily based on the simplified ParsiQL language, Sensible-Triggers are versatile in nature and absolutely customizable whereas nonetheless being straightforward to know and develop. Sensible-Triggers may be tailor-made for any consumer’s wants, from entry degree to extremely superior backend techniques.”

The announcement additional famous that with consumer outlined logic, “all data gathered may be filtered, aggregated, and specified to enact deterministic, data-driven occasions.” As defined by the PARSIQ staff,  this easy Sensible-Set off framework goals to decrease time necessities and removes “pointless” data transferral.

As talked about within the announcement, Chainlink’s blockchain “agnostic” structure permits PARSIQ to help “superior” Sensible-Triggers, known as Use Case Streams, throughout a number of completely different chains, “the most recent of which is Binance Sensible Chain.”

The discharge added that it will enable customers “to arrange triggers in workflows that react to cost adjustments for belongings on BSC or collect real-time data on pairs buying and selling on Pancakeswap— the BSC equal of Uniswap.”

As famous within the announcement:

“Pancakeswap specifically has seen an enormous enhance in demand, generally even surpassing the day by day transaction quantity of Uniswap. This demand has continued to develop quickly due to decrease charges and quicker transaction instances on BSC. As such, PARSIQ acknowledged a must deploy Sensible-Set off companies on the BSC blockchain.”

With Chainlink Value Feeds dwell and “battle-tested” on Binance Sensible Chain, PARSIQ was in a position “to simply migrate our Use Case Streams over to BSC,” the discharge famous whereas including that Chainlink Value Feeds are acknowledged as the usual decentralized oracle answer in DeFi for “acquiring asset valuations.”

Chainlink Value Feeds safe billions of {dollars} in worth for main decentralized finance platforms utilizing a “decentralized” structure consisting of many unbiased, “safety reviewed” nodes run by giant  blockchain DevOps. These nodes receive information from premium information aggregators, “making certain value information displays a volume-adjusted world combination from all buying and selling environments.” This goals to make sure value accuracy and likewise “mitigates downtime and information manipulation assaults brought on by flash crashes and flash loans,” the announcement famous.

The discharge added:

“Every Use Case Stream consists of extra complicated Occasions, representing essential and attention-grabbing Blockchain Actions. By introducing an Occasion Stream known as ChainlinkPriceFeed on BSC, Sensible-Triggers on BSC can now connect with a Stream of the most recent spherical of value updates for all pairs. When the Chainlink oracle community’s reference contract for any pair (e.g., ETH/USD) updates on account of a variance in value, then a brand new Occasion is positioned to the ChainlinkPriceFeed with the finished spherical’s information.”

PARSIQ, the blockchain monitoring and workflow automation platform that acts as a u201cmulti-levelu201d bridge between blockchain networks and off-chain apps, revealed that it has built-in Chainlinku2019s value feeds u201cdwellu201d on Binance Sensible Chain (BSC).n

PARSIQ confirmed in a launch shared with CI that they launched their blockchain monitoring answer again in 2019. Itu2019s now accessible throughout Binance Smart Chain, Solana, Sprint, Celo and Alogrand. As famous within the announcemnet, this newest integration will enable software program engineers to implement automated u201cSensible-Triggersu201d on PARSIQ that u201creactu201d to real-time occasions going down on the BSC mainnet.n

As defined within the launch, on this explicit case, transactions could also be monitored on BSC after which priced utilizing Chainlink-powered u201cdecentralizedu201d value Oracles operating u201cnativelyu201d on BSC. Having transaction valuations will u201callow customers to create predefined logic on how they need their PARSIQ Sensible-Set off to react to market adjustments throughout the BSC ecosystem,u201d the announcement famous.n

PARSIQ CEO Tom Tirman said:n

u201cWeu2019re excited to proceed enhancing our PARSIQ Sensible-Set off instruments, enabling customers to develop extra superior and customised automated workflows off-chain utilizing quite a lot of blockchains and Chainlink Value Feeds. We hope to maintain increasing with Chainlink as we construct help for brand spanking new blockchains sooner or later.u201dn

Sensible-Triggers is a time period launched by PARSIQ, whereby smart contract-like equivalents deployed within the PARSIQ off-chain setting are capable of join with varied blockchain or distributed ledger tech (DLT) networks, monitor real-time exercise, and use that information to u201cset off varied predefined actions each on-chain and off-chain.u201dn

The discharge additionally talked about:n

u201cPrimarily based on the simplified ParsiQL language, Sensible-Triggers are versatile in nature and absolutely customizable whereas nonetheless being straightforward to know and develop. Sensible-Triggers may be tailor-made for any consumeru2019s wants, from entry degree to extremely superior backend techniques.u201dn

The announcement additional famous that with consumer outlined logic, u201call data gathered may be filtered, aggregated, and specified to enact deterministic, data-driven occasions.u201d As defined by the PARSIQ staff,u00a0 this easy Sensible-Set off framework goals to decrease time necessities and removes u201cpointlessu201d data transferral.n

As talked about within the announcement, Chainlinku2019s blockchain u201cagnosticu201d structure permits PARSIQ to help u201csuperioru201d Sensible-Triggers, known as Use Case Streams, throughout a number of completely different chains, u201cthe most recent of which is Binance Sensible Chain.u201dn

The discharge added that it will enable customers u201cto arrange triggers in workflows that react to cost adjustments for belongings on BSC or collect real-time data on pairs buying and selling on Pancakeswapu2014 the BSC equal of Uniswap.u201dn

As famous within the announcement:n

u201cPancakeswap specifically has seen an enormous enhance in demand, generally even surpassing the day by day transaction quantity of Uniswap. This demand has continued to develop quickly due to decrease charges and quicker transaction instances on BSC. As such, PARSIQ acknowledged a must deploy Sensible-Set off companies on the BSC blockchain.u201dn

With Chainlink Value Feeds dwell and u201cbattle-testedu201d on Binance Sensible Chain, PARSIQ was in a position u201cto simply migrate our Use Case Streams over to BSC,u201d the discharge famous whereas including that Chainlink Value Feeds are acknowledged as the usual decentralized oracle answer in DeFi for u201cacquiring asset valuations.u201dn

Chainlink Value Feeds safe billions of {dollars} in worth for main decentralized finance platforms utilizing a u201cdecentralizedu201d structure consisting of many unbiased, u201csafety reviewedu201d nodes run by giantu00a0 blockchain DevOps. These nodes receive information from premium information aggregators, u201cmaking certain value information displays a volume-adjusted world combination from all buying and selling environments.u201d This goals to make sure value accuracy and likewise u201cmitigates downtime and information manipulation assaults brought on by flash crashes and flash loans,u201d the announcement famous.n

The discharge added:n

u201cEvery Use Case Stream consists of extra complicated Occasions, representing essential and attention-grabbing Blockchain Actions. By introducing an Occasion Stream known as ChainlinkPriceFeed on BSC, Sensible-Triggers on BSC can now connect with a Stream of the most recent spherical of value updates for all pairs. When the Chainlink oracle communityu2019s reference contract for any pair (e.g., ETH/USD) updates on account of a variance in value, then a brand new Occasion is positioned to the ChainlinkPriceFeed with the finished sphericalu2019s information.u201dnnrnrnSource link “,”author”:{“@type”:”Person”,”name”:”admin”,”url”:”https://cryptonewsbtc.org/author/admin/”,”sameAs”:[“https://cryptonewsbtc.org”]},”articleSection”:[“Blockchain”],”image”:{“@type”:”ImageObject”,”url”:”https://cryptonewsbtc.org/wp-content/uploads/2021/02/Look-Binoculars-Watch-Search-Find-Lookout.jpg”,”width”:1280,”height”:1074},”publisher”:{“@type”:”Organization”,”name”:””,”url”:”https://cryptonewsbtc.org”,”logo”:{“@type”:”ImageObject”,”url”:””},”sameAs”:[“https://www.facebook.com/jegtheme/”,”https://twitter.com/jegtheme”,”https://plus.google.com/+Jegtheme”,”https://www.linkedin.com/”]}}



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