Chainlink Unveils Chainlink Runtime Environment, Aiming for Better Blockchain Workflows
Chainlink has introduced the Chainlink Runtime Environment (CRE), a unified platform intended to simplify blockchain application development for cross-chain operations, akin to the impact the Java Runtime Environment had on Java app development. CRE promotes modularity and privacy, enabling the construction of scalable, privacy-centric financial workflows utilizing components like Decentralized Oracle Networks (DONs) and advanced cryptographic tools. Co-founder Sergey Nazarov emphasized that CRE allows developers to interconnect various blockchains, Oracle networks, and APIs more efficiently, significantly reducing development time from months to just days or hours. The environment ensures privacy in institutional transactions through mechanisms like zero-knowledge proofs and Trusted Execution Environments, which process sensitive data safely. Currently in early access, CRE will be fully rolled out in 2025, inviting developers to explore its features ahead of a broader deployment, with the promise of adapting financial services for the blockchain era.
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