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Chainlink 
$17 (LINK) has made headlines with a significant platform update, opening doors to a new era in the blockchain world. Co-founder Sergey Nazarov introduced the Chainlink Runtime Environment (CRE) at the 2024 SmartCon event. This crucial update aims to enhance the platform’s existing functions by providing a more modular framework while ensuring a highly secure operational environment.
Modular and Scalable Architecture with High Security
The newly announced CRE offers a modular and extensible structure for users adopting blockchain technology. Thanks to its modular design, developers can seamlessly integrate various operations, such as reading on-chain data and making API calls. Each of these functionalities is secured by Oracle networks, which offer a completely decentralized structure.
Each Oracle network provides security for users while executing functions, ensuring these operations can be reused across various workflows. This system is particularly designed for users with complex processing requirements, such as those in capital markets.
User-Friendly and Secure Transition Process
The transition to Chainlink’s new infrastructure will be implemented gradually. This approach allows existing users to benefit from the platform’s advanced features without security concerns during the transition process. The modular structure enables developers to design their workflows and applications more freely while continuing to enjoy the advantages of a decentralized architecture through high-security Oracle networks.
