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Chainlink Automation Is Now Live On Mainnet, Bringing Secure, Low Cost Off-Chain Computation to dApps

Blog post from Chainlink

Post Details
Company
Date Published
Author
Chainlink
Word Count
1,990
Company Posts That Month
5
Language
English
Hacker News Points
-
Post removed?
No
Summary

Chainlink Automation has been launched on the Ethereum mainnet, offering developers secure, low-cost off-chain computation services to enhance decentralized applications (dApps). This service allows developers to automate smart contract functions based on predefined conditions without needing centralized services or manual processes. Chainlink Automation provides a decentralized network of nodes that execute these tasks, enabling various applications such as executing limit orders, minting tokens, and liquidating loans. By offering on-chain verification tools and a rotating node selection framework, Chainlink ensures maximum reliability and cost-effectiveness. This launch is part of Chainlink's broader vision to advance hybrid smart contract development by integrating decentralized oracle networks for off-chain computations, ultimately aiming to bridge the sophistication between Web 2.0 and Web 3.0 development through a comprehensive suite of services.

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