ChainLink Token (LINKUSD)

[lakingsphan0427]

Chainlink’s Scalability Upgrade of Off-Chain Reporting Could Further Boost the Value of LINK

Back in late February, the team at Chainlink announced the integration of the latest Scalability Upgrade of Off-Chain Reporting (OCR).

According to the official announcement, OCR will improve the efficiency of how data is computed across Chainlink’s oracles. It will also reduce operating costs by up to 90% thus accelerating the ‘development of universally connected smart contracts both in DeFi markets and across various other industries’.

The OCR upgrade will increase the amount of real-world data available on smart contracts by a factor of 10. This translates to an increment in the usage of the LINK token as the smart contract ecosystem expands on Chainlink. Increased usage means increased demand for LINK and ultimately an increase in its value in the crypto markets.