In a groundbreaking move, today Chainlink Functions, a revolutionary product developed by Chainlink, officially launched on Base – a rapidly scalable layer 2 blockchain powered by Coinbase and anchored by Ethereum.
This integration marks a new era for smart contract developers on Base, giving them unparalleled access to computing infrastructure with minimum trust. With Chainlink Functions, developers can effortlessly connect their smart contracts to external APIs and perform custom calculations, all within the secure confines of Base’s ecosystem.
Empowering developers with decentralized computing solutions
Chainlink Functions introduces a serverless, developer-friendly platform tailored to the needs of the blockchain community. This innovative tool allows developers to seamlessly integrate their smart contracts with various APIs and perform calculations with minimum confidence. Chainlink Functions acts as a decentralized compute runtime and provides a range of functionalities including testing, simulating, and executing custom offchain logic for Web3 applications.
Essentially, it serves as a decentralized, blockchain-integrated alternative to conventional serverless solutions such as AWS Lambda and GCP CloudFunctions, offering improved security and reliability.
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, expressed his enthusiasm for the collaboration and highlighted Base’s capability as a high-performance layer-2 solution that promotes scalability and innovation in the blockchain space.
“Functions will provide developers on Base with greater flexibility, thanks to Chainlink’s robust infrastructure,” Karakostas noted, highlighting the potential for Chainlink Functions to catalyze game-changing developments within the Base ecosystem.
Basics: Pioneering Ethereum Layer-2 infrastructure
Developed as an Ethereum Layer-2 solution, Base is a testament to the continued evolution of blockchain technology. Designed to provide the security, stability and scalability needed for decentralized applications (dapps) to thrive, Base acts as the on-chain hub for Coinbase products, users and assets. By seamlessly integrating with Ethereum L1, Coinbase and other interoperable chains,
Base facilitates the seamless deployment of EVM codebases while minimizing costs for users. Tom Vieira, Head of Product at Base, praised the integration of Chainlink Functions as a testament to Base’s commitment to advancing developer capabilities and embracing trusted technologies within its ecosystem.