![]() “The thing that really got me into the blockchain industry was this conception of a smart contract and that it was smart enough to discern and prove what had happened. Nazarov revealed why Chainlink came up with the 2.0 upgrade anyway, after a bit of background. Nazarov sat down with BRAVE New Coin’s Andy Pickering as part of the ongoing BlockDown 4.0 virtual conference. Talking about the 2.0 upgrade today was none other than Sergey Nazarov, the co-founder of technology firm Smart Contract and Chainlink Labs and creator of Chainlink. Holy good god is the #Chainlink 2.0 whitepaper overflowing with alpha Oracle networks like Chainlink help solve that issue by fetching highly verifiable data from a variety of sources to ensure the smooth functioning of a blockchain network and application.Īnd the 2.0 whitepaper takes these mechanisms even further by advancing oracle technology in seven key areas: Smart contracts, scaling, simplifying complexity, higher security and data confidentiality, order fairness, trust-minimization, and overall cryptoeconomic security. Oracles are third-party tools that fetch data from outside to blockchain to within, as blockchains, by design, are immutable stores of data but cannot automatically verify the authenticity of that data. ![]() The whitepaper described “hybrid smart contracts” and other mechanisms to make Chainlink’s oracles even more useful and resilient. Chainlink, the widely-used decentralized oracle network, released its ‘2.0’ whitepaper yesterday in a move that sent LINK surging by 10%.
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