According to Foresight News, Chainlink has announced a significant upgrade to its platform. The upgrade will restructure the core functions of its oracle network into a modular developer platform. This will allow developers to integrate these functions into their workflows in any manner they choose, utilizing the new Chainlink Runtime Environment (CRE). The CRE is a system based on Decentralized Oracle Networks (DON), enabling DON-to-DON communication, function orchestration, and code execution. Workflows will operate using an appropriate consensus model.
The Chainlink platform will be rolled out in phases to ensure that existing users of Chainlink services are not affected during the transition. The initial phase will involve transitioning services like Cross-Chain Interoperability Protocol (CCIP) to the upgraded platform architecture.
