Chanlink co-founder Sergei Nazrov said that the recently launched Chanlink Runtime Environment (Cre) may have transformational effects on blockchain industry such as Etheum Virtual Machine (EVM).
In a youtube Video Published on Monday by Chanlink, Nazrov said that CRE “could have the same effect that EVMs were on the blockchain industry.” EVM, introduced by Ethereum, enables touring-full smart contracts, which reduced developers loops and state-based operations, reduced development time from months to weeks to use capabilities, unavailable capacity in bitcoin script.
Nazrov said that Smart Contract Development is an ecosystem complex and has become a web of interconnected on and offcain systems. Cranes of Chanlink, he said, adds a layer of abstraction that makes this complexity easier for developers.
“With CRE, from our own personal experience, construction above it, those months are reduced by weeks or days,” he said.
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What is Cre?
chain link Pur: In late October 2024, Cre, describes it as a way to deploy the code on the chainlink platform directly for construction and compositions, which removes the need to add chainlink-specific code to their onchain contracts. ” As cointelegraph said at that time, Cre also enables traditional financial architecture, payment system and connection with blockchain protocols and smart contracts of heritage institutions.
Effectively, the crelink acts like an operating system for the channel. It runs “workflows” made of Chanlink services and draws together price feed, crosschain messaging, external application programming interface (API), zero-knowledge proofs and compliance checks together.
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How to build on cre
Hope to write in developers JavaScript, Typical Or GoAnd all actions (reading blockchain, obtaining data from an API, unanimously and writing onchain) are controlled by the decentralized Oracle Network (Don) of the channel.
Cre orchens the functions of all the Dons, ensuring that it reaches the Cryptographic consensus and the result freely returns to a smart contract of the series on which he sits on.
Architecture is designed to work in several series and includes indigenous support for confidential computing and zero-knowledge proofs.
The statements followed the mid-June report that Chenlinks, JP Morgan’s Kanexis and Ondo Finance completed a crosschain delivery vs. payment disposal between a public testnet dependent on the obtained payment network and a public testnet dependent on CRE.
Earlier this month, Nelli Zaltsman, head of Blockchain Payments Innovation at Kanexis, JP Morgan, also said that while talking with Nazarov that the bank was emphasizing to merge the infrastructure of institutional-grade payments with the emerging assets.
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