Chainlink has launched a significant upgrade called the Chainlink Runtime Environment (CRE). This new platform features a modular and composable architecture. It aims to enhance scalability across thousands of blockchain networks. Developers can create custom workflows tailored to their specific needs. The news was shared on Chainlink’s official X account.
CRE Centralizes Chainlink Ecosystem, Enhances Workflow Execution
The CRE breaks down key functions of an oracle network into elemental forms of capability. These are reading from a blockchain and calling APIs. These functions can be mixed in a number of ways that developers prefer most. This flexibility let them to implement the possible workflows according to the requirements of the applications.
The CRE is essentially at the center of the Chainlink ecosystem and serves as the platform’s driver. It runs workflows when their initiators are initiated. It also relies on decentralized oracle networks (DONs) to securely interconnect different capabilities.
One of the greatest benefits of this upgrade is self-serve product development. The Chainlink platform allows developers to compose capabilities directly on the platform. They do not need to write Chainlink-specific code to be embedded into the core on-chain computation. This makes it easy to communicate and or transact across different blockchains conveniently.
In addition, the process of re-architecture offers a number of advantages. It has programable work flows that can satisfy specific requirements. It also supports familiar programming languages and tools. Moreover, there is an opportunity to use standardized components for cross-chain interaction.
First Phase Moves CCIP to New Platform Foundation
The deployment of this upgrade will be gradual. This approach guarantees safeguarding of the existing users all through the transition. The first stage is dedicated to migrating services such as Cross-Chain Interoperability Protocol (CCIP) to the new platform foundation. This will assist Chainlink to expand more efficiently.
At the same time, new chain integrations are being introduced, such as the Aptos blockchain. This enhanced architecture has enabled financial institutions to integrate their existing systems with blockchains. This integration helps in workflows like the Delivery vs Payment. CRE users who want to create and experiment with workflows are welcome to join the early access program of the platform. Ultimately, this can be considered a major advancement for both Chainlink and its users.
