Improving and Decentralizing Chainlink’s Feature Release and Network Upgrade Process

Chainlink has rapidly expanded its Decentralized Oracle Networks to meet the growing demand from the DeFi ecosystem, introducing new features and functionalities. Recently, they encountered a pricing anomaly on the XAG/USD price pair due to human error, which was promptly corrected with minimal impact. The issue arose from an incorrect configuration during an update intended to enhance the network's data reliability, mistakenly requesting gold (XAU) prices instead of silver (XAG). Chainlink emphasizes that the security and integrity of their oracles and data sources were not compromised. To prevent similar issues, Chainlink plans to increase multi-signature signers for feature releases and network updates, aiming to involve larger users in the process. They have apologized for any inconvenience caused and noted that the affected user remains committed to using their network.

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