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Altcoin Stellar (XLM) became the only asset in the ranking of the top 30 cryptocurrencies, which showed positive growth at the end of the Friday session. The topic of cooperation with the Central Bank of Brazil, allowed XLM to end the week close to local highs.
The largest cryptocurrency exchange in Latin America has provided the Stellar Development Foundation (SDF) team with participation in the program to create a payment platform for the digital Brazilian real (CBDC).
On Friday, the Central Bank of Brazil with its statements made it clear that the Stellar blockchain is the most suitable for CBDC. The network has a “freeze” mechanism, which it got from Ripple.
Owners of nodes can initiate the freezing of wallets, which the Brazilian Central Bank plans to use in crisis situations for the national economy. The “freeze” system will help block or limit the mass flight of depositors from banks. Emptying accounts deprives a financial institution of liquidity, which can lead to bankruptcy.
Solana became the first in the history of the ChainLink oracle network, a blockchain without EVM support, on which a decentralized price data-feed is deployed. The technology of streaming price data up to this point, worked only with Ethereum-compatible smart contracts, numbering 2.6 billion connection points.
ChainLink oracles protect DeFi platforms from manipulation of the cryptocurrency rate on DEX exchanges in conditions of low liquidity. Liquidity pools receive a stream of prices from a variety of sources, including centralized exchanges, ignoring non-market quotes.
Developers of smart contracts on Solana can already implement oracles. At the initial stage, the supply of price flows will be handled by startups Apricot Finance, Francium and Tulip
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