Chainlink (LINK) has once again made waves in the blockchain space with its latest platform update. At the 2024 SmartCon event, Chainlink co-founder Sergey Nazarov introduced the Chainlink Runtime Environment (CRE), a revolutionary infrastructure designed to enhance the platform’s functionality with modular and secure solutions.
Modular Architecture with Enhanced Security
The newly launched CRE offers a modular, scalable environment tailored to blockchain adopters. This modular design enables developers to combine functions like on-chain data retrieval and API calls into custom workflows. Each function within the CRE operates through decentralized oracle networks, ensuring high security while supporting reusable components across diverse workflows.
This architecture is particularly suited for users with complex operational demands, such as those in the capital markets, as it maintains robust security for each function while allowing flexibility in design.
Chainlink’s Core Engine: The Chainlink Runtime Environment
Described as the engine powering Chainlink, the CRE enables developers to design workflows directly on Chainlink without the need for external code. This unified environment allows seamless creation and operation of all functions, using don-to-don communication to initiate workflows when specified conditions are met.
User-Friendly Transition to a Secure System
The transition to Chainlink’s new architecture will be gradual, providing existing users a secure migration experience as they explore enhanced features. The CRE’s modular structure allows developers to design workflows and applications with greater freedom, all while retaining the advantages of Chainlink’s decentralized oracle networks.
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Chainlink, blockchain, CRE, modular, decentralized
