Company
Date Published
Author
Chainlink
Word count
563
Language
English
Hacker News points
None

Summary

Chainlink Staking, part of the Chainlink Economics 2.0 initiative, introduces a cryptoeconomic security mechanism that allows stakers to commit LINK tokens in smart contracts, thereby enhancing the reliability of oracle services. The initial beta release, Chainlink Staking v0.1, is set for December, and community members can check their eligibility for early access. Security is prioritized through rigorous audits, including a competitive audit program on the Code4rena platform with a $120K prize pool to identify bugs and logic errors. This initiative, alongside other Economics 2.0 programs like Chainlink BUILD and SCALE, marks a significant step forward in the Chainlink Network's security and economic structure, promoting sustainable growth and deeper value capture within the Web3 ecosystem.