“Chainlink is back in the limelight after a long layoff where many people just forgot about it entirely,” said Altcoin Buzz in a recent video analysis titled ‘Why CHAINLINK Will Outperform MATIC, POLKADOT and SOLANA!?.’ Chainlink remains the undisputed leader in blockchain oracles, which are a critical component of Web3 infrastructure. After a period out of the spotlight, Chainlink is gaining renewed attention.
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Automation 2.0 Enables Decentralized Smart Contract Automation
Chainlink’s new Automation 2.0 technology allows developers to automate smart contract functions in a decentralized way. “Automation 2.0 is also a big deal and with Chainlink’s automation 2.0 developers can automate smart contract functions in a decentralized way,” noted Altcoin Buzz. This innovation provides additional utility to Chainlink oracles.
CCIP Enables Seamless Cross-Chain Connectivity
Additionally, Chainlink recently launched the Cross-Chain Interoperability Protocol (CCIP), enabling easy connectivity between dApps across different blockchains. “CCIP this is Chainlink’s cross chain interoperability protocol which is a big deal because it allows for the easy building and connecting of daps across multiple chains,” said Altcoin Buzz. This further cements Chainlink’s role as a critical Web3 infrastructure provider.
With developments like Automation 2.0 and CCIP, on top of its leadership in oracles, Chainlink appears well-positioned for the future as a foundational Web3 project. The technical analysis and fundamentals both look favorable according to Altcoin Buzz.
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