Chainlink Data Streams combine low latency market data and automation

Chainlink Data Streams combine low latency market data and automation

Chainlink Data Streams combines low latency market data and automation to unlock a new generation of fast and user-friendly derivatives products, the company said in a statement. Low latency market data delivers without delay is known as low latency market data.

The product uses a pulse-based data oracle solution, where high frequency market data is continuously made available off-chain. Oracle reports are generated per block, and users can retrieve them off-chain and validate with their on-chain transaction. It differs from a push-based solution where oracles passively feed data to smart contracts at various time intervals.

By utilizing a pull-based system, a data packet travels from one point to another, reducing the latency - how much time it takes for a data packet to travel from one point to another. distributed networks are frequently affected by latency, as messages must spread to nodes, often resulting in delays in finalizing and synchronizing transactions.

Chainlink co-founder Sergey Nazarov, who chairs the chainlink board, said in a statement.

Chainlink Functions allows a high-value job to be automated at a tenth of the cost, saving up to 90% in gas costs, Chainlink said in a press release.

Chainlink Labs' chief product officer, Kemal El Moujahid, said in a statement provided by a spokeswoman. Chainlink Labs, the leading developer behind Chainlink, is the primary developer behind Chainlink.