We are proud to announce that SNZPool will be joining the Chainlink ecosystem as a node operator! We look forward to a long and fruitful collaboration.

About SNZPool

SNZ Holding is a crypto assets capital fund, consulting service, and community builder. SNZPool under SNZ Holding is committed to maintaining the security and stability of each network, offering professional POS services and strongly supporting and contributing to projects and their communities. With profound knowledge, rich experience, and all-encompassing ecosystem resources, SNZ Pool is a professional and reliable POS validator for 20+ projects.

Our Architecture

We operate most of our servers from the AWS private cloud and combine VPC, load balancing, consistent monitoring, firewall, and other security measures to ensure smooth, secure operation of ChainLink nodes. Below is detailed information on our architecture.

Why Chainlink

We envision blockchain as a way to restore the original spirits of the Internet and an opportunity to build a better future with protected privacy, validated information, distributed supercomputing, digitized assets and beyond. However, the vision cannot come true until smart contracts realize their full potential and blockchain achieves wide adoption. One of the greatest barriers is the lack of ability to connect with off-chain data. Blockchain is a deterministic system that offers limited factors to trigger smart contract execution. Smart contracts inherently don’t have the ability to get financial asset pricing, IoT, GPS, weather, and other real-life data that is not on the blockchain but necessary for a variety of use cases. To overcome the barrier, we need oracles.

Oracles bring off-chain data onto the blockchain to trigger smart contracts and allow external systems to get on-chain data. However, using traditional centralized oracles presents a single point of failure. Even if the rest of a smart contract is decentralized on the blockchain, having a single oracle node is subject to the same security and failure risks present in non-blockchain agreements. Therefore, we need to create a decentralized oracle system to provide the same level of security and reliability found in a traditional blockchain.

ChainLink has unique strengths. It offers:

A decentralized oracle system that prevents single-point-of-failure risk;

A threshold signature-based data aggregation system that drastically lowers gas costs and enhances security and decentralization;

Town Crier’s TEE system for secured oracles to add additional privacy and security at the hardware level.

We realize that a decentralized oracle network is indispensable for a blockchain system that is truly decentralized and trustless. Chainlink is a leading player in this field. We quickly realized that Chainlink is the decentralized oracle solution that we’ve been looking for and thus want to grow with ChainLink as a node operator and beyond in the hope that we can collaborate together towards a brighter future for the blockchain industry as a whole.

About Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. ChainLink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (SWIFT , Google and Oracle) and leading smart contract development teams. 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.