The Oracle Service Provider chain link unveiled a new economic roadmap for the platform. This while bringing the long-awaited staking mechanism to the blockchain. In the ad, chain link I stated that the mechanism for improving operational efficiency of Oracle and blockchain.
Zoom on the staking mechanism
Yesterday the team chain link to published sessions “Goals in the long term, its roadmap and its implementation initial”. This in Describe the next steps for the data oracle blockchain project. The blog post mentions “ chain link economy 2.0″, which focuses on the milestone as part of an effort to maintain the system and integrate the revenue advantage of blockchain.
Staking marks the start of #Chain link The 2.0 economy, a new era for the security and long-term sustainability of oracle networks.
In this update, we outline the long-term goals, roadmap, and initial implementation of staking in the Chainlink network.https://t.co/WJkoUzPA0i
—Chainlink (@chainlink) June 7, 2022
More, chain link I revealed 4 main long-term goals that it seeks to achieve through the staking mechanism.
Crypto-Economic Security and Utility Assurance Addendum chain link
The main goal of the milestone is to add security and assurance to oracle service utilities chain link. I explained that LINK tokens are locked in as “service level guarantees around network performance”. Additionally, incentives and penalties such as shutdowns allow nodes chain link consistently generate accurate oracle reports and deliver them in a timely manner.
Involves the benefit of the community in the network chain link
The second objective is to encourage community engagement. pair elsewherethe creation of a delegation system similar to that made by Tezos which could be carried out by operators.
Create sustainable returns for long-term users
Third, the milestone chain link aims to produce sustainable returns at a portion of true long-term use. He expects long-term growth to result in the benefit of equity awards from “non-issuing sources.”
Enables node operators to obtain higher value work through staking.
The end goal is to “enable node operators to earn higher value work through a milestone.” This means that ultimately node operators will have additional opportunities to participate in Oracle’s decentralized research. (PUT ON). A situation that strengthen security.
The deployment of the staking mechanism will be gradual, evolving as its oracle stream moves from a single stream to ETH/USD to thousands. The initial release v0.1 is scheduled for later this year. A version with upgrades to v1 and v2 previews to introduce more features.
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