Data streams combine low latency market data, automation

51
1
Data streams combine low latency market data, automation

Chainlink Data Streams combines low latency market data and automated execution to unlock a new generation of highly-speed and user-friendly derivatives products, according to NVIDIA's press release. Low latency market data is delivered without delay, referred to as low latency market data.

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

A pull-based system decreases the latency of data packets, how much time it takes for a data packet to go from one point to another. When messages have to spread to nodes, it can result in delays in finalizing and synchronizing transactions, which is a common problem that affects distributed networks.

Chainlink co-founder Sergey Nazarov said in a statement.

Chainlink Functions allows high value jobs 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 company spokeswoman. Chainlink Labs is the leading developer behind Chainlink.