{"id":18200,"date":"2024-10-30T15:52:02","date_gmt":"2024-10-30T13:52:02","guid":{"rendered":"https:\/\/forklog.com\/en\/chainlink-unveils-major-upgrade-link-rises-nearly-5\/"},"modified":"2024-10-30T15:52:02","modified_gmt":"2024-10-30T13:52:02","slug":"chainlink-unveils-major-upgrade-link-rises-nearly-5","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/chainlink-unveils-major-upgrade-link-rises-nearly-5\/","title":{"rendered":"Chainlink Unveils Major Upgrade, LINK Rises Nearly 5%"},"content":{"rendered":"<p>The team behind the decentralized oracle network Chainlink has introduced a significant upgrade to the Chainlink Runtime Environment (CRE), aimed at scaling the platform across &#8220;thousands of blockchains.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Introducing Chainlink Runtime Environment (CRE)\u2014a major platform upgrade:<\/p>\n<p>? New modular, composable architecture<br \/>\u26d3\ufe0f Scalable across 1000s of chains<br \/>? Deep customization for capital markets users<br \/>?\ufe0f Self-serve product development<\/p>\n<p>?\u2b07\ufe0f<a href=\"https:\/\/t.co\/BE807PgfB2\">https:\/\/t.co\/BE807PgfB2<\/a><\/p>\n<p>\u2014 Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1851538037291012244?ref_src=twsrc%5Etfw\">October 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During the phased modernization, the platform will transition to a modular architecture. Chainlink&#8217;s node software will be divided into separate blocks with distinct functions (such as chain reading, consensus execution, etc.), secured by independent decentralized oracle networks (<span data-descr=\"decentralized oracle network\" class=\"old_tooltip\">DON<\/span>).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Developers can easily combine these capabilities in numerous ways into unified workflows, which are launched through the newly developed CRE runtime environment,&#8221; the announcement stated.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"598\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-1024x598.png\" alt=\"GbHv39oacAAWCCE\" class=\"wp-image-244190\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-1024x598.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-768x449.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-1536x898.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/GbHv39oacAAWCCE-2048x1197.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Comparison of option usage in existing (left) and new architectures. Data: Chainlink.<\/figcaption><\/figure>\n<p>Building a customized execution chain will ensure the use of direct connections between specialized DONs. These will also provide security guaranteed by the Chainlink platform.<\/p>\n<p>The shift to a modular architecture will offer several advantages, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>the use of familiar programming languages and tools through a comprehensive set and intuitive command-line interface;<\/li>\n<li>the ability to create solutions tailored to individual needs through fully programmable workflows;<\/li>\n<li>full integration with off-chain <span data-descr=\"Application Programming Interface \u2014 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u043c\u043d\u044b\u0439 \u0438\u043d\u0442\u0435\u0440\u0444\u0435\u0439\u0441 \u043f\u0440\u0438\u043b\u043e\u0436\u0435\u043d\u0438\u044f\" class=\"old_tooltip\">API<\/span> and multiple networks using standardized components.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The platform upgrade is crucial for scaling Chainlink across thousands of blockchains and meeting the growing demand from capital markets and Web3,&#8221; the developers emphasized.<\/p>\n<\/blockquote>\n<p>The upgrade will be implemented in stages to ensure the stable operation of existing services. The team has opened registration for early access to CRE&#8217;s capabilities.<\/p>\n<p>Following the upgrade announcement, the price of Chainlink&#8217;s token (LINK) rose by 4.6% within a day. The asset is trading around $12.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"171\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15-1024x171.jpg\" alt=\"Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15\" class=\"wp-image-244191\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15-1024x171.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15-300x50.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15-768x128.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-15.jpg 1142w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Bitcoin quotes increased by about 1% during the period, while the cryptocurrency market capitalization decreased by 0.8%.<\/p>\n<p>Back in July, Chainlink introduced the Cross-Chain Interoperability Protocol (CCIP).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the decentralized oracle network Chainlink has introduced a significant upgrade to the Chainlink Runtime Environment (CRE), aimed at scaling the platform across &#8220;thousands of blockchains.&#8221; Introducing Chainlink Runtime Environment (CRE)\u2014a major platform upgrade: ? New modular, composable architecture\u26d3\ufe0f Scalable across 1000s of chains? Deep customization for capital markets users?\ufe0f Self-serve product development [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1388,1134],"class_list":["post-18200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainlink-link","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"100","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18200"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18199"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}