Company
Date Published
Author
Chainlink
Word count
1409
Language
English
Hacker News points
None

Summary

Smart contracts require external triggers to execute functions, posing challenges for decentralized applications (dApps) that need regular or condition-based execution. Traditionally, developers used centralized scripts for this, which compromised decentralization and posed risks of downtime. Chainlink Automation offers a decentralized solution to automate smart contract execution, leveraging a network of reliable nodes to eliminate single points of failure and enhance security by avoiding the exposure of private keys. By integrating Chainlink Automation, developers can save time, reduce DevOps workload, and focus on coding, as the system facilitates automated, condition-based execution through Automation-compatible contracts. The process involves creating these contracts with specific functions and registering them on the Chainlink Automation app, allowing the network to monitor conditions and trigger executions as needed, thus enabling a wide range of applications from DEX limit orders to cross-chain NFT minting.