Figment Networks has been successfully running a Chainlink oracle and data processor node for the past several months.

Our goal in running a Chainlink node is to support a strong team that’s working on solving the “the oracle problem,” the inability for smart contracts to obtain secure and reliable off-chain connectivity.

In short, we think some blockchain networks can have a bigger immediate impact by integrating existing real-world data with systems, rather than trying to recreate entirely new infrastructure from scratch. There are many high demand data sources already out there that may be accessed with a trustless bridge such as Chainlink.

Solving the oracle problem is an important part of making smart contracts more useful and connected to the real world. By supporting Chainlink’s infrastructure, we are helping to decentralize their network.

We’re excited to bring more data to on-chain smart contracts, and hopefully, positively influence the direction of the project.

The team behind Chainlink is iterating quickly and responding to market demand for continual protocol improvements. We’re excited to work together to solve the oracle problem by helping to decentralize the Chainlink network and connect more data on-chain. — Andrew Cronk, cofounder, Figment Networks

About Figment Networks

Figment Networks provides trusted token delegation, secure staking infrastructure, and compliance tools for long-term token holders and Proof of Stake (PoS) blockchains. Beyond staking infrastructure, Figment is dedicated to growing PoS blockchains via open-source software tool development and active governance.

Contact us to learn more.

About Chainlink

Chainlink is well known for providing secure and reliable oracles. They work with large enterprises (Google, Oracle and SWIFT) and have integrated with leading smart contract development teams (Web3/Polkadot, Hedera Hashgraph, Harmony, Zilliqa, and more).

Learn more by visiting the Chainlink website, Twitter or Telegram. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.