Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: Dociko on April 15, 2021, 05:02:36 PM
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In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network.
Chainlink (LINK) has unveiled its new whitepaper on Thursday, which details a planned expansion and pivot into creating oracle networks for computation. The proposal would see Chainlink generalize its oracle network into a “meta layer” of Decentralized Oracle Networks, or DONs.
The new architecture supports a larger selection of use cases, expanding its suite of services to off-chain computation of data. In Chainlink’s vision, these computational oracles would create a class of “hybrid smart contracts” where part of the logic could be offloaded to the oracles.
Source: Cointelegraph (https://cointelegraph.com/news/chainlink-releases-new-whitepaper-for-smart-contract-computations)
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I need further understanding regarding the development of Smartcontracts from Chainlink in the form of Hybrids which will be changed to Oracle.
If only these Hybrid Smart contracts that were initiated by Chainlink can be successful in the future by turning into Oracle Smart contracts, I make sure that Chainlink coins will be successful in the market and the price of the coins will be pumped very quickly.
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The proposal would see Chainlink generalize its oracle network into a “meta layer” of Decentralized Oracle Networks, or DONs.
Source: Cointelegraph (https://cointelegraph.com/news/chainlink-releases-new-whitepaper-for-smart-contract-computations)
Sergey Nazarov is truly a genius because he continues to update every day and continues to update to develop Smartcontracts so that they are faster, simpler, easier, more reliable and are very popular with all levels of society.
I have to study this Decentralized Oracle Networks (DONs) in more detail because I see from Chainlink's vision and mission from this thread that it is a feature of Decentralized Oracle Networks (DONs).
I also read this thread and it feels very complex to me and requires more time to understand how Decentralized Oracle Networks (DONs) work.
I'll try to learn how DONs work next time , because for this time i'm busy with real life.
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-In Chainlink’s vision, these computational oracles would create a class of “hybrid smart contracts” where part of -
I am not so familiar with the way to make token in various networks of a coin.
Maybe like the Ethereum coin which has a lot of token for the type of "Hybrid Smart Contracts".
I am also sure that "Hybrid Smart Contracts" can provide more benefits from chainlink coins because from the word there is also the words "Hybrid".
Usually those who have the word "hybrid" have a high level of speed and have a little power consumption, maybe this chainlink context is cheap transaction costs.