The Chainlink co -founder, Sergey Nazarov, said that Chainlink’s execution time environment (CRE) recently launched can have a transforming effect in the blockchain industry such as the Ethereum virtual machine (EVM).
In a YouTube video posted on Monday by Chainlink, Nazarov said the CRE “can have the same impact that the EVM had on the blockchain industry.” The EVM, introduced by Ethereum, allowed the complete intelligent contracts of Turing, which reduced the time to development from the months by allowing developers to use state loops and operations, unattainable capacities in the Bitcoin script.
Nazarov said that the intelligent contract development ecosystem is complex and has become a network of interconnected plug systems. Chainlink’s CRE, he said, adds a layer of abstraction that facilitates the management of this complexity for developers.
“With the CRE, from our own personal experience, building on top, those months are reduced to a week or days,” he said.
Related: Blockchain compliance tools can reduce tradfi costs: Chainlink co -founder
What is CRE?
Chainlink introduced the CRE at the end of October 2024, describing it as a way to “implement the code directly on the Chainlink platform to build and compose capacities, eliminating the need to add Specific Code of Chainlink to its Ochain contracts.” As cointelegraph reported at that time, believe also allows the connection of traditional financial architecture, payment systems and institutions inherited with blockchain protocols and intelligent contracts.
Indeed, CRE works as an operating system for the Chainlink network. Execute “workflows” composed of Chainlink services and meets price foods, cross bacus messages, external application programming interfaces (API), zero knowledge tests and compliance verifications.
Related: Chainlink reveals the compliance standard, it is directed to the $ 100T institutional cryptographic flows
How to build in CRE
The developers are expected to write in JavaScript, TypeScript or GO, and all the actions (read the block chain, obtain data from an API, consensus and writing of Ochain) are handled by the decentralized network of Chainlink (Don).
The CRE orchestra the actions of all those who are down, ensuring that the cryptographic consensus reaches and returns the results to an intelligent contract regardless of the chain in which it is located.
The architecture is designed to function in multiple chaains and includes native support for confidential computing and zero knowledge tests.
The statements follow the reports of mid -June that Chainlink, JPMorgan Kinexys and Ondo Finance complete a cross -chain delivery versus payment settlement between a permission payment network and a public test network that depends on the CRE.
Earlier this month, Nelli Zaltsman, head of Innovation of Blockchain Payments in JPMorgan Kinexys, also said while talking with Nazarov that the bank was pressing to merge the infrastructure of institutional degree payments with emerging.
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