Chainlink 2.0 brings off-chain compute to blockchain oracles, promotes adoption of hybrid smart contracts
A new whitepaper just released by leading blockchain oracle service Chainlink lays the foundation for new capabilities for application and smart contract developers.
The ability to write programs with money is as big a breakthrough as the ability to write programs with documents. It gives Wall Street’s capabilities to anyone, without expensive lawyers or financiers.
This quote on the transformational potential of smart contracts belongs to Balaji S. Srinivasan, a well-known advocate of the transformational potential of crypto at large. Depending on where you stand on crypto, you may find it succinct or hyperbolic.
Chainlink and its co-founder Sergey Nazarov are clearly in the camp of crypto advocates. Chainlink provides an oracle service, enabling smart contracts to interoperate with the world. Today, Chainlink released a whitepaper outlining what they dub Chainlink 2.0. ZDNet connected with Nazarov to discuss what this means.
Smart contracts enhance blockchains (at this point, mainly Ethereum) with the ability to execute tamper-proof code, in addition to storing tamper-proof data, turning it into a “world computer.”