There's so much (where ChainLink is going) just starting to unfold:
With DONs (Decentralized Oracle Networks as a springboard, Chainlink plans to focus on advances in seven key areas:
• Hybrid smart contracts: Offering a powerful, general framework for augmenting existing smart contract capabilities by securely composing on-chain and off-chain computing resources into what we call hybrid smart contracts.
• Abstracting away complexity: Presenting developers and users with simple functionality eliminates the need for familiarity with complex underlying protocols and system boundaries.
• Scaling: Ensuring that oracle services achieve the latencies and throughputs demanded by high-performance decentralized systems.
• Confidentiality: Enabling next-generation systems that combine blockchains’ innate transparency with strong new confidentiality protections for sensitive data.
• Order-fairness for transactions: Supporting transaction sequencing in ways that are fair for end users and prevent front-running and other attacks by bots and exploitative miners.
• Trust-minimization: Creating a highly trustworthy layer of support for
smart contracts and other oracle-dependent systems by means of decentralization, strong anchoring in high-security blockchains, cryptographic techniques, and cryptoeconomic guarantees.
• Incentive-based (cryptoeconomic) security: Rigorously designing and robustly deploying mechanisms that ensure nodes in DONs have strong economic incentives to behave reliably and correctly, even in the face of well resourced adversaries.
We present preliminary and ongoing innovations by the Chainlink community in each of these areas, providing a picture of the broadening and increasingly powerful capabilities planned for the Chainlink network.
