Company
Date Published
Author
Chainlink
Word count
115
Language
English
Hacker News points
None

Summary

Fantom is a blockchain platform that offers high throughput, low transaction costs, and instant finality, making it an attractive choice for developers seeking scalability upgrades and cost-effectiveness in Layer-1 blockchains. Its compatibility with Ethereum Virtual Machine (EVM) allows Ethereum developers to easily deploy their decentralized applications (dApps) on Fantom using standard tools while benefiting from faster transaction speeds and expanded dApp diversity. The integration of Chainlink Price Feeds on the Fantom mainnet enables the construction of applications requiring decentralized, tamper-proof data inputs, with developers able to build and deploy smart contracts using tools like Remix. The tutorial outlines how to use Chainlink's price data in smart contracts on Fantom, emphasizing the ease of importing necessary interfaces and deploying contracts due to Fantom's EVM compatibility. By leveraging Chainlink's decentralized oracle network, developers can enhance their applications with high-quality aggregated price data for various decentralized finance (DeFi) use cases such as exchanges, liquidity pools, and lending protocols.