1/ Cryptographic truth is a new form of trust-minimized computing & record-keeping with superior properties to the methods used today.
This 15-part 🧵 explores how blockchains generate cryptographic truth and how #Chainlink vastly extends its application into the real world.
2/ Cryptographic truth is the combination of cryptography and decentralized consensus to deterministically compute applications and generate a “golden record” for all activity between users.
But how exactly are cryptography and decentralized consensus applied in blockchains?
3/ Cryptography is the science of securely communicating in the presence of adversarial behavior. Cryptography is used primarily to
-keep data confidential
-authenticate data origin
-validate data integrity
-establish non-repudiation in communication
Explore these #Chainlink deep dives to learn the core principles of DeFi and how it's reshaping the financial tech stack through transparent decentralized applications🧵👇
2/ Learn what decentralized finance is and how it presents a new, permissionless model for financial interaction. chain.link/education/defi
3/ Explore the uses of yield farming (or liquidity mining) and how it can help bootstrap new #DeFi protocols by rewarding users for provisioning liquidity or providing other value-adding services. blog.chain.link/defi-yield-far…
#Chainlink continues to unlock smart contract innovation and advance the growth of #Web3 by providing #blockchain dApps secure access to off-chain data and computation.
Check out today's integrations👇
Operating an official #Chainlink node with leading Middle Eastern telecom @STC_BHR
From helping to secure leading #DeFi protocols to providing key infrastructure for the developing #metaverse, #Chainlink is at the forefront of smart contract innovation.
In NYC, Denver, or Bangkok? Don't miss these upcoming in-person events to expand your knowledge of #Web3.
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.