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Chainlink Functions, a serverless developer platform, aims to simplify developers’ lives. But the degens call it a “stablecoin
The Web3 Chainlink announced – Chainlink Functions, which will seamlessly allow connecting smart contracts with any Web2 Application Programming Interfaces (API). But degenerates call it a "stablecointhe web3 chainlink announced – chainlink functions, which will make it possible to easily connect smart contracts with all web application programming interfaces (APIs)2.
APIs make it possible to use the existing code of certain other applications in a new application.
However, the product is yet in its beta version and only accessible on the Ethereum Sepolia and Polygon Mumbai testnets.
Source: Official press release.
Initially, the Chainlink Functions help in the following use cases:
- Data Connectivity
- Initially, Chainlink features assist in the following use cases:Data connectivity.
- Data Connectivity and Transformations
- Off-Chain Computing and Storage
Kemal El Moujahid, the Chief Product Officer (CPO) at Chainlink, believes that the developers no longer need to worry about dealing with backend complexity and can focus on unlocking the next big Web3 use case. He writes, “Developers can just focus on their decentralized applications—leaving the connectivity, security, and reliability to the Chainlink.”
He writes, "Developers can simply concentrate on their decentralized applications, leaving connectivity, security and reliability in the chain."
It writes, "developers can simply concentrate on their decentralized applications, leaving connectivity, security and reliability to the chain." web2 developers eager to leap into web3? Chainlink is considering the integration of millions of web2 developers to build on web3 while enhancing the developer experience. The CPO writes, "To make blockchains as ubiquitous as the cloud, or even AI, we must continue to remove the obstacles that exist in the Web3 developer experience.
The developer community is excited and looking forward to seeing the real-life implications of Chainlink Functions. Lack of access to api data is one of those fundamental problems that chainlink functions solves.”One of the fundamental challenges that Chainlink Functions addresses is the lack of access to API data."
Masks out
I'm senior developer (not web3). I'm looking https://t.co/8Gq1w2VjoJ & I gotta admit that #chainlink functions is EXTREMELY EASY to use for newcomers
& I gotta admit that #chainlink functions is EXTREMELY EASY to use for newcomers
Searching for https://t. co/8Gq1w2VjoJ.this gonna onbard tons of web2 devs. pic.twitter.com/j52pyK5fEV
— David Miller ? (@CryptoDavid_) March 1, 2023
Crypto Community Calls Chainlink a “Stablecoin”
Chainlink is known for its various strategic partnerships. For example, on Sep. 2022, Society for Worldwide Interbank Financial Telecommunication (SWIFT) partnered with Chainlink to enable cross-chain token transfer using the Cross-chain interoperability protocol (CCIP).
For instance, in September 2022, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) partnered with Chainlink to enable the transfer of tokens between chains using the Inter-Channel Interoperability Protocol (CCIP). Partnerships, however, have had little effect on courses. Some criticized calling LINK a stablecoin
There have been criticisms of calling LINK a stablecoin. Check our latest LINK analyses
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