Chainlink Launches Runtime Environment (CRE) to Streamline Cross-Chain Development
The post Chainlink Launches Runtime Environment (CRE) to Streamline Cross-Chain Development appeared on BitcoinEthereumNews.com.
TLDR: Chainlink launches Runtime Environment (CRE) to streamline cross-chain development CRE aims to match historical impact of COBOL and JavaScript in finance Platform offers enhanced privacy features through zero-knowledge proofs and TEEs Full rollout planned for 2025, with early access available now LINK token saw 6% price increase following announcement and Hedera partnership news Chainlink unveiled its new Chainlink Runtime Environment (CRE) at SmartCon in Hong Kong on Wednesday, introducing a unified development platform designed to simplify the creation of blockchain applications across multiple networks. The announcement, made during a side event to Hong Kong Fintech Week, introduces a tool that allows developers to build and deploy cross-chain applications more efficiently. Chainlink co-founder Sergey Nazarov presented the platform, drawing parallels between CRE and historically important programming environments like COBOL and the Java Runtime Environment. Introducing Chainlink Runtime Environment (CRE)—a major platform upgrade: 🔌 New modular, composable architecture⛓️ Scalable across 1000s of chains🏦 Deep customization for capital markets users🏗️ Self-serve product development 🧵⬇️https://t.co/BE807PgfB2 — Chainlink (@chainlink) October 30, 2024 During his presentation, Nazarov explained that CRE provides a comprehensive environment where developers can interconnect various blockchains, oracle networks, APIs, and payment systems within a single application. This marks a departure from current development practices that often require working with multiple separate systems. The new environment reduces development time substantially, according to Nazarov. “CRE cuts development time from months or weeks to days or hours, allowing developers to compose everything in a single codebase,” Privacy features stand out as a key component of the CRE platform. The system incorporates advanced cryptographic tools, including zero-knowledge proofs (ZKPs) and Trusted Execution Environments (TEEs), enabling private data handling across different blockchain networks. The platform processes sensitive information through confidential computing instances, generating verified outputs as zero-knowledge proofs. This approach maintains data privacy while still allowing…
Filed under: News - @ October 30, 2024 10:21 pm