Tue, November 5

Chainlink Releases New Node Software V2 Boosting Operational Efficiency

Chainlink Releases New Node Software V2 Boosting Operational Efficiency Blockchain News
  • The latest update will help configure and maintain nodes in a simpler manner.
  • V2 aims at improving node operators’ ability to run their operations efficiently.

Decentralized oracle service provider Chainlink (LINK) has announced that its newest node software is now live on the mainnet. Chainlink has announced a new update to its node software, version 2.0.0, with the stated goal of improving node operators’ ability to run their operations efficiently.

The oracle provider claims that post the latest software update, configuring and maintaining its nodes is simpler for its operators. Chainlink was the pioneer and is now the dominant oracle service provider in the digital currency ecosystem.

Regularly Expanding Offerings

Chainlink’s importance in the world of digital currencies is expanding daily. The protocol’s tech stack provides developers with timely access to market data and other information from the mainstream IT industry. To date, $7.76 trillion in Total Value Enabled (TVE) has been secured by using Chainlink.

Moreover, Chainlink is still the de facto supplier, and the fact that its reach extends to several chains generally complements it by a mile, despite the fact that many oracle providers are now entering the Web3.0 market.

Chainlink is expanding its offerings in order to better meet the needs of its customers. It was previously revealed that the oracle supplier had released a new platform aimed at Web2.0 developers.  This new platform was built so that these groups of programmers could integrate Web3.0 APIs into their existing Web2.0 programs.

Chainlink’s primary customer base is the cryptocurrency industry at large, but the company’s ultimate goal is to act as a “functional bridge” between the two. One of its own methods for doing so is the dissemination of applicable-anywhere-solutions.

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.