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This Altcoin on the Radar of the Turks Announced a Major Update: Token Rises!

Türklerin Radarındaki Bu Altcoin Büyük Güncellemeyi Duyurdu: Token Yükseldi!
Türklerin Radarındaki Bu Altcoin Büyük Güncellemeyi Duyurdu: Token Yükseldi!
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Chainlink introduced modular architecture in the latest update. The team said the upgrade aims to expand Chainlink’s use to ‘thousands of Blockchains’. The altcoin project thus provides a ‘runtime environment’ on multiple Blockchains. With the effect of these developments and the positive atmosphere in the market, the altcoin price started to rise.

Chainlink introduced a major platform upgrade at SmartCon 2024, featuring a new modular architecture. The altcoin project aims to extend the use of the Chainlink Runtime Environment (CRE) upgrade, currently in early access, to multiple Blockchains . It also aims to meet the growing demand from financial institutions and Web3.

As you follow from Kriptokoin.com, Bitcoin recorded a new ATH. This created a new momentum in the market. With the positive mood in the market and the effect of this development, the LINK price started to rise. LINK price rose from $ 11.5 to $ 12.20 during the day. At the time of writing, the altcoin was trading at $ 12.20, up 6.4% on a daily basis. Meanwhile, the token’s trading volume also saw a notable increase of 18.7%. This reflects the interest of investors and traders in LINK.

LINK daily price chart. Source: CoinMarketCap

Chainlink is a decentralised oracle network that connects smart contracts on the blockchain with real-world data, APIs and payment systems. It acts as a secure bridge. Thus, it enables its applications on the Blockchain to interact reliably with data from outside their network. ‘Upgrading the Chainlink Platform is key to expanding Chainlink to thousands of Blockchains and meeting the growing demand from capital markets and Web3,’ the altcoin project said.

The launch aims to scale the platform to be interoperable across many Blockchains using standardised components and familiar programming languages, making it highly customisable without developers worrying about which Blockchain they are working on. The firm said the upgrade also adds capital markets-specific options that could include customised data feeds, risk models or unique financial workflows, making Chainlink potentially more attractive to traditional financial sectors looking to expand into Blockchain technology.

Altcoin

The platform will also enable developers to use their tools more independently. It will allow them to do this without the need for Chainlink-specific code in their main applications. This will speed up the creation process. As with Ethereum’s approach, Chainlink is realising the platform upgrade to provide an uninterrupted service to existing users. The team said Chainlink supports trillions of dollars of value. He also stated that this is very important as it secures the critical functions of large on-chain applications.

Initially, services such as the Chainlink Cross-Chain Protocol will migrate to the current platform architecture to increase scale. Also, the project will apply the update to new Blockchain integrations such as Aptos. Financial institutions will also use it to connect existing infrastructure to Blockchain.

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This Altcoin on the Radar of the Turks Announced a Major Update: Token Rises!
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