Chainlink has unveiled a new roadmap for the oracle platform by introducing the much-awaited staking mechanism to the blockchain. Chainlink Unveils New Roadmap On June 7, Chainlink announced the network’s long-term goals, roadmap, and initial implementation that included the much-awaited LINK staking. Along with staking plans, Chainlink also unveiled long-term goals such as: Increase the crypto-economic security and user assurances of Chainlink Services. Enable community participation in the Chainlink network. Generate sustainable rewards from real long-term use. Empower node operators to access higher-value jobs by staking. Staking marks the start of #Chainlink Economics 2.0, a new era for the long-term security and sustainability of oracle networks. In this update, we define the long-term goals, roadmap, and initial implementation of staking in the Chainlink Network.https://t.co/WJkoUzPA0i — Chainlink (@chainlink) June 7, 2022 Chainlink said that its staking mechanism will continue to evolve over time as its Oracle network continues to expand. The initial goal is to create a simple and secure foundation for staking. Later, it will continue to expand its scope based on the feedback received. The rollout of Chainlink’s staking mechanism will be very similar to its Price Feeds functionality. This will allow identifying risks and opportunities at an early stage of implementation before scaling. The new roadmap also introduces a ...
