Sergey Nazarov, co-founder of Chainlink, discussed the potential of the new Chainlink Runtime Environment (CRE) to transform the blockchain ecosystem, likening it to the Ethereum Virtual Machine (EVM).
What is Chainlink Runtime Environment (CRE)?
Chainlink introduced the CRE at the end of October 2024, positioning it as a platform for deploying code directly on Chainlink, enabling new capabilities without needing to add Chainlink-specific code to smart contracts. CRE also facilitates the connection of traditional financial infrastructure with blockchain protocols, significantly easing the interaction between these systems.
How to Build on CRE?
Developers will be able to use JavaScript, TypeScript, or Go for building. All actions such as reading data from the blockchain, fetching data from APIs, and writing to smart contracts will be handled by Chainlink's decentralized oracle network. The CRE orchestrates all these actions, ensuring cryptographic consensus independently of the chain.
Impact of CRE on Blockchain Technology Development
Nazarov noted that the CRE could significantly simplify and accelerate smart contract development. He added that this tool has the potential to reduce development time from months to weeks or days. This indicates the possibility of faster and more efficient operations in blockchain technologies as well as integration with financial systems.
Thus, the Chainlink Runtime Environment represents an important advancement in blockchain technology, simplifying the development process and enabling integration with other financial systems.
