Chainlink Launches New Roadmap, LINK Prices Fly!

Chainlink launches new roadmap, LINK price goes up. (Cointral)

JAKARTA – Recently, Chainlink launched an updated roadmap with a focus on staking as part of system upgrades and LINK integration into various networks. LINK's new roadmap describes the next stages of the blockchain data oracle project, reported by CryptoPotato.

The roadmap was released on June 7 via the official Chainlink blog post titled “Chainlink Economics 2.0” with a focus on staking as part of efforts to improve the system and integrate more blockchain networks.

According to his blog post, staking is a mechanism that brings a new layer of 'cryptoeconomic security' to Chainlink. The same is true for most proof-of-stake blockchains that reward stakeholders for helping to secure the network.

Apart from focusing on staking, Chainlink will also be integrated into the Solana network in early June. Chainlink stated that staking is intended to increase security and Chainlink oracle users.

The first, later LINK will be able to stake to be a guarantee on the network. The developer also stated that there would be incentives and penalties which would help Chainlink nodes consistently generate accurate oracle reports and send them on time.

The second objective is to encourage community participation and involvement. In addition, node operators can create delegated staking systems, similar to what Tezos does.

Third, staking Chainlink aims to generate sustainable rewards from actual long-term use. Developers expect long-term growth to generate a larger share of the staking rewards coming from “non-emissions based sources.”

The end goal is to “empower node operators to access higher value jobs by staking.” This means that over time, node operators will have a greater opportunity to participate in Decentralized Oracle Networks (DON), increasing security even further.

The launch of Chainlink's new roadmap boosted the price of LINK tokens by up to 12 percent on the same day. As of writing, LINK is trading at IDR 124,423 per token. The price has increased 2.1 percent in the last 24 hours. In one week, LINK skyrocketed by 23.2 percent, according to data from Coingecko.