Thread by @ChainLinkGod

1/ #Chainlink is blockchain agnostic meaning it supports not only every baselayer L1 network, but also every L2 scaling solution

Optimistic Rollups, zkRollups, Validium, Plasma, State Channels, Sidechains, etc

But with @arbitrum, well now that's something special

https://twitter.com/ChainLinkGod/status/1373078913488809987

2/ Arbitrum is an Optimistic Rollup L2 scaling solution that has already integrated Chainlink Price Feeds into its testnet

These data feeds will power @Bancor, @MonteCarloDEX, and a number of other L2 projects on Arbitrum once it launches on mainnet
offchain.medium.com/chainlink-orac…

3/ What makes the combination of @Chainlink + @Arbitrum truly unique is regarding that first image

Chainlink oracle nodes can run Arbitrum L2 Validators and execute smart contracts off-chain in a highly scalable manner (270x more throughput in some cases)
medium.com/offchainlabs/s…

4/ Chainlink nodes therefore provide not only the external data feeds these smart contracts need, but also off-chain computation of the contract's execution as well

Chainlink Arbitrum nodes only need to post transaction calldata, contract outputs, and fraud proofs on-chain

5/ Arbitrum has been purposely designed so developers do not have to make ANY changes to their Ethereum smart contracts to redeploy on L2

To showcase this simplicity, their testnet has forks of @MakerDAO, @Uniswap, @AaveAave, @BalancerLabs, @Bancor, @MonteCarloDEX, and more

6/ As a result, the entire DeFi ecosystem can scale up orders of magnitude while still retaining all of the security provided by the Ethereum blockchain

Eventually making baselayer transactions will only be for the whales (institutions) and publishing of L2 blocks and proofs

7/ "#Chainlink nodes will be able to add an additional layer of security by staking $LINK as collateral to back their computations. These crypto-economic guarantees will allow the system to scale to secure more and more value over time"

Do you understand the implications? 👀