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Coinbase Cloud Joins Chainlink as Node Operator to Bolster Security

Telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press are also Chainlink node operators.

By Camomile Shumba
AccessTimeIconMay 18, 2023 at 12:00 p.m. UTC
Chainlink Labs team at SmartCon (Chainlink)
Chainlink Labs team at SmartCon (Chainlink)
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Chainlink, a provider of real-world data to blockchains, said infrastructure provider Coinbase Cloud will become a node operator on its system, adding capacity and security to the so-called oracle network, according to a Thursday press release.

A node operator monitors blockchains for data requests such as stock prices and temperature data, retrieves the off-chain information and delivers it to the smart contract that issued the request.

Other Chainlink node operators include telecoms giants Swisscom, Deutsche Telekom and news provider Associated Press.

Chainlink supplies 974 data feeds and has enabled $7.8 trillion worth of transactions since the start of 2022 according to data from its website.

Coinbase Cloud brings "extensive experience, robust infrastructure and commitment to security," William Reilly, global head of CeFi, sales & strategy at Chainlink Labs said in the press release.

Read more: SWIFT Is Partnering With Chainlink: Here’s the Down-low on the Blockchain Data Provider

Edited by Sheldon Reback and Parikshit Mishra.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Camomile Shumba
Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Follow @camomileshumba on Twitter

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