From helping to secure leading #DeFi protocols to providing key infrastructure for the developing #metaverse, #Chainlink is at the forefront of smart contract innovation.
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1/ Version v1.1 of the #Chainlink core node software has been released! 🏗️
This update includes a number of key reliability, security, and efficiency improvements for Chainlink node operators.
🧵 In this thread, we'll explore some key new features.
2/ Multi-Chain Support:
As a beta feature, Chainlink nodes can now connect to multiple EVM chains simultaneously, enabling the creation of cross-chain jobs.
This is part of the groundwork required for the Cross-Chain Interoperability Protocol (#CCIP).
3/ EIP-1559 mode:
Support has been added for EIP-1559-style transactions, which can help facilitate faster confirmations and reduce gas costs during & after gas price spikes.
This allows node response times to become more consistent during network congestion.
1/ Smart contract adoption is no longer isolated to any one network.
Instead, there is now a growing diversity of layer-1 blockchains, sidechains, and layer-2 rollups, presenting developers with a significant opportunity.
A thread on cross-chain smart contracts 🧵
2/ The growth of the multi-chain ecosystem over the past year came as a result of user demand for low-cost transactions.
The introduction of new on-chain environments, with each network offering unique advantages, gave developers and users alike more choice & flexibility.
3/ As a result, many devs began deploying their existing smart contract code across multiple blockchain networks, creating multi-chain smart contracts.
These contracts enabled projects to increase their user base and even experiment with new features in lower-cost environments.