Reminder that Chainlink 2.0 update is coming

After this recent LINK rally I'd like to take the time ro remind or warn some people that there's also a big update coming for LINK, since some people might have missed it during the new ATH's rush at the time.

This blog released on April 15 is about the update Chainlink is going to go through in the next few years.

Currently Chainlink is a decentralized oracle solution that powers smart contracts in various blockchains, from DEFI to NFTs. Chainlink provides blockchains data feeds info, verifiable randomness and much more that allows smart contracts to operate in a truly decentralized manner.

chainlink-off-chain-computation.png (1600×1226)

chainlink-decentralized-services.png (1600×784)

The 2.0 update aims to introduce more stuff into the project such as hybrid smart contracts, better and faster (network scaling) data feeds, better VRF service, confidentiality, better security and more. 2.0 also brings staking to LINK, finally. From this blog:

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Through the creation of additional cryptoeconomic security via super-linear explicit staking, the Chainlink Network can scale to support next-generation hybrid smart contracts that secure increasing amounts of value. If smart contracts are to become the dominant form of digital agreement, this heightened level of cryptoeconomic security will be critical to providing users maximum guarantees around the accurate, timely, and tamper-resistant execution of decentralized applications that rely directly on oracle reports and computations.

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If you wish to, you can read their 136 page long whitepaver for v2: whitepaper-v2.pdf (chain.link)

This article provides a summary of Chainlink 2.0 and the problem that it proposes to solve within the crypto space: