Chainlink, a Web3 oracle provider, has announced a new serverless developer platform “Chainlink Functions” on the Web3 Services Platform to enable developers to build decentralized applications and connect smart contracts to any web2 API.

quick take

  • Chainlink feature: connect your dApps to any Web2 API.
  • Build, test, simulate, and run custom logic with just a few lines of code.
  • Secured by the Chainlink Decentralized Oracle Network (DON) and integrated with leading Web2 providers.
  • Pervasive connectivity, customizable computation, security with minimal trust, self-service, and serverless.
  • Ethereum Sepolia and Polygon Mumbai testnet beta.
  • Chainlink: An industry-standard Web3 services platform that enables feature-rich Web3 applications.

The Need for Chainlink Functions in Web3 Development

Chainlink is one of the leading blockchain oracle providers enabling dApps across multiple chains to ensure data feeds are valid and secure.

Chainlink bridges blockchains and external data sources, allowing smart contracts to access and use data securely and reliably. It uses a network of nodes that retrieve data from external sources and distribute it to the blockchain.Additionally, accurate data will be incentivized through a token-based reward system with native [cs_coins]Link[/cs_coins] token.

However, the launch of the Chainlink function aims to easily connect these off-chain data feeds via serverless web3 service panels. AWS lambda.

Features of the chain function

The newly released Chainlink functions are designed to provide “a seamless environment and robust toolkit that enable developers to build, test, simulate, and run custom logic in Web3 applications.”

Excitingly, the platform has the same benefits as traditional Chainlink oracle feeds, meaning you can integrate almost any form of off-chain data API into your blockchain application. However, blockchain applications minimize trust through a permissionless and decentralized methodology. Therefore, bringing off-chain data onto the blockchain can lead to myriad problems in validating the data.

“The Chainlink feature solves this problem by utilizing the same network of highly secure nodes that power Chainlink Price Feeds,” commented Ciara Nightingale, DevRel Engineer at Thirdweb. He showed excitement for the launch. It’s just a few lines of code. ”

Kemal El Moujahid, Chief Product Officer, Chainlink Labs, said:

“The launch of Chainlink Functions removes a major barrier to Web3 adoption. […] Combine smart contracts with powerful APIs and Web2 data sources. ”

The platform also supports off-chain languages ​​such as Javascript, encouraging non-web3 native developers to experiment with blockchain infrastructure. Chainlink Functions is a ‘self-service solution’ launched in private beta on March 1st.

Integration with AWS and Meta

According to Chainlink’s statement, the platform integrates with Amazon AWS, Meta, and more, allowing developers to work in a familiar ecosystem.

Noah Schwartz, General Manager, AWS Data Exchange and AWS Marketplace Foundational APIs, said:

“It’s great to see developers using off-chain third-party data from AWS Data Exchange to enrich their applications.”

Additionally, infrastructure providers already integrated into Chainlink capabilities, such as Meta, see the move as supporting the adoption of their products, as stated by Ankur Prasad, Senior Director of Meta.

“We are excited about the potential of Chainlink Functions to connect Meta’s APIs to leading blockchains, allowing the Web3 developer community to build with Meta and explore new and innovative use cases. It makes it easier to let go.”

Advantages of building with Chainlink functions

Chainlink explained the main benefits of Chainlink Functions as extensive connectivity, customizable computation, security with minimal trust, self-service, and serverless.

Chainlink Functions offers similar functionality to the current Chainlink product, but appears to offer a more streamlined and user-friendly experience for developers looking to connect Web2 data to dApps.

Ethan Bazarganfard, creator of the NBA’s NFT Collection, said Chainlink Functions “unlocks countless new possibilities for dynamic NFTs, inspiring developers to create exciting new use cases for this transformative technology. ” commented.

Hiring Web2 Developers

Additionally, with regards to web3 adoption, the addition of Javascript support and focus on integration with Meta and AWS is an indication of the focus on drawing more developers into the web3 space. suggesting. For web3 to scale, the ecosystem needs to significantly increase the number of developers familiar with blockchain development.

Chainlink Functions provides tools and services that allow developers to “step on” to web3 in a self-service fashion through a web-based portal.

The Chainlink function beta is now available in private beta on the Ethereum Sepolia and Polygon Mumbai testnets.

By Jules

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