The co-founder of Chainlink, Sergey Nazarov, said that the recently launched Chainlink (CRE) execution environment could have a transformative effect on the blockchain industry, comparing its potential to the impact of the Ethereum virtual machine (EVM).
In a YouTube video published Monday by Chainlink, Nazarov said that CRE “can have the same impact as EVM on the blockchain industry”. The EVM, introduced by Ethereum, has allowed Turing -Complete Smart Contracts, which has considerably reduced the development time from month to week by allowing developers to use loops and operations based on the state – unavailable capacities in the Bitcoin script.
Nazarov said that the development ecosystem of smart contracts is complex and has become a network of interconnected and out of chain systems. The Cre of Chainlink, he said, adds a layer of abstraction that facilitates the management of this complexity for developers.
“With CRE, our personal experience, relying in addition, these months are reduced to weeks or days,” he said.
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What is the crest?
ChainLink introduced the CRE at the end of October 2024, describing it as a means of “deploying the code directly on the ChainLink platform to strengthen and compose capacities, deleting the need to add specific code to the chain to their hen contracts.” As Cointelegraph reported at the time, CRE also allows the connection of traditional financial architecture, payment systems and institutions inherited with blockchain protocols and smart contracts.
Indeed, CRE works as an operating system for the ChainLink network. He performs “workflows” made up of ChainLink services and brings together price flows, cross -messaging, external application programming interfaces (API), zero knowledge of knowledge and compliance checks.
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How to rely on Cre?
The developers should write in JavaScript, Typecript or Go, and all the actions (read the blockchain, recover data from an API, consensus and write onchain) are managed by Oracle Network (Don) by Chainlink.
The creates the actions of all these donations, ensuring that it achieves cryptographic consensus and returns the results to an intelligent contract independently of the chain on which it is.
The architecture is designed to operate on several channels and includes native management for confidential IT and zero knowledge of knowledge.
The statements follow in mid-June that ChainLink, Kinexys de JPMorgan and Ondo Finance finished a cross delivery and a payment settlement between an authorized payment network and a public test for CRE.
Earlier this month, Nelli Zaltsman, responsible for the innovation of blockchain payments at Kinexys de JPMorgan, also said while speaking alongside Nazarov that the bank pushes to merge the institutional quality payment infrastructure with emerging assets of Onchain.
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