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190 - Sergey Nazarov on Chainlink’s CCIP
Bankless
Chainlink's Expansion into Oracle Networks
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- Chainlink is an Oracle network framework that has generated over a thousand live Oracle Networks on production, securing trillions of dollars worth of transaction value.
- Chainlink allows you to generate unique Oracle Networks to solve specific problems, such as market data aggregation, random number computation, or cross-chain communication.
- Oracle Networks can reliably prove things about market data and extend to trust-minimizing computations outside of a blockchain.
- Chainlink has expanded to become the largest provider of proof of reserves and various other types of data, as well as offering critical capabilities for accessing external systems.
- The recently launched cross-chain system uses Oracle Networks as a valid data set to compute cross-chain communication, combining the movement of value and data messages.
- With the cross-chain system, you can instruct the system to perform actions with your value when it reaches the destination, eliminating the need to be present with your own wallet or address.
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