Monday, September 26, 2022

Floki Inu ties up with Chainlink to improve protocol

Mime Coin Shiba Inu’s competitor, Floki Inu, has integrated its token-locking protocol FlokiFi Locker into an integration with Chainlink Keepers service. Floki Inu has made preparations to improve its services as well as increase the number of users.

Chainlink Keepers One decentralized A service that handles tasks on behalf of smart contracts. By joining this service, the token locking process of users through FlokiFi Locker will become faster as well as more secure. This will also help in automating token locking. This is not the first tie-up between these two firms. Floki Inu and Chainlink have previously worked together to integrate the Chainlink Price Feeds service with FlokiFi Locker. This shows the correct prices for token locking on different networks.

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The number of crypto firms joining Chainlink has increased in the past few months. It has the capability of integration across various projects and platforms across all major networks. However, it has decided not to support Ethereum’s PoW projects. The upgrade to Ethereum could be launched soon. This upgrade is being called ‘Merge’. The developers of Ethereum said that it could be launched on 15 September. The upgrade is being awaited for the Total Terminal Difficulty (TTD) to reach a certain level. TTD is the total difficulty required for the final block to be ready on this blockchain.

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Earlier this week, Goerli reached the final stages of Merge testing on the test network. More than $100 billion of decentralized finance (DeFi) apps are supported on this blockchain, and because of this, the upgrade is being cautious. There have been hurdles in this project before. The upgrade completed a trial last month on the public test network Sepolia. The Sepolia testnet will be monitored for the next few days. The developers of Ethereum explained in a blog post that Sepolia is the second of three public testnets for Merge. The delay in the upgrade is also affecting the price of Ether.

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