Huobi, the first exchange that runs a Chainlink node
The exchange system advances by operating its own node through Huobi Wallet
The large crypto exchange Huobi has added a node to its system through Huobi Wallet, integrating its price data with the Chainlink ecosystem. The initiative will improve the integrity of its own data and provide more accurate price information.
The innovative strategy places the exchange one step ahead of Binance, the largest and pioneering platform in the market for incorporating data into Chainlink’s oracles.
The implementation of this node allows Huobi to sign its own price data accurately, guaranteeing users to confirm that any data from the exchange coming from the Huobi Node is authentic and direct from the source.
A unique proposition
Huobi Wallet CEO Will Huang reported that Defi “offers a unique value proposition of providing financial products that are transparent, open and programmable. We are excited to accelerate our engagement in this emerging trend by providing Chainlink users access to data from the global Huobi exchange, as well as running our own chainlink node.”
Although the implementation of the node represents a great advance for the company, its credibility is at risk if any of the data shared through Chainlink turns out to be inaccurate.
K.Villarroel
Source: thenoticiasbitcoin
