Decentralized oracle network that delights its investors by showing spikes from time to time in the bear market Chainlink (LINK)to help seamlessly connect decentralized applications (dApps) to traditional web applications Chainlink Functions launched a new developer platform called
Chainlink (LINK) Launches New Developer Platform called Functions
The platform is currently Ethereum Sepolia And Polygon Mumbai Available as beta on testnets. Chainlink’s oracle network is designed to enable smart contracts and applications to use off-chain data securely and decentralized.
According to data from Dune Analytics, it is the most widely used oracle network in the industry with over 650,000 active users. “Functions” The introduction of a new platform, called Oracle, will complement the service.
This platform will allow blockchain developers to connect their dApps or smart contracts to any application programming interface in the traditional technology space without having to manage additional cloud infrastructure.
The platform already integrates with various cloud providers including Amazon Web Services, Meta and others.
According to Chainlink chief product officer, Kemal El Moujahid, the launch of Chainlink Functions will remove a major barrier to Web3 adoption.
“With the release of Chainlink Functions, we are removing a major barrier to web3 adoption and making it easier than ever for developers to combine smart contracts with the powerful APIs and web2 data sources they need to build great apps,” Moujahid said.
At the time of this writing, Chainlink (LINK) was trading at $ 7.42.
*Not investment advice.
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