Chainlink Product Q&A (June 2023)

What's in store for Chainlink in the coming months? Chainlink's CPO Kemal El Moujahid did a Q&A and provided tonnes of insights and updates for the community.

To start a quick recap for the first half of 2023:

• Swift partnership

• Low-latency oracles

• Spring hackathon with 500 projects submitted

• Chainlink Functions

• GMX allocates a % of fees to pay for Chainlink services.

Starting the Q&A strong. Timeline for cross-chain interoperability protocol: CCIP is coming to mainnet this summer for early users, and general availability is planned for later this year.

Where is Chainlink going to deploy next? Focus is where demand is, so currently on L2 zk EVM networks.

What's Chainlink's competitive advantage? 2 key differentiators.

• Security: Chainlink has been time-tested, with close to $8 trillion TVE (Total value enabled), which translates to 70% of the market share. 100% uptime even during network congestion, and cloud outages.

Second, competitive advantage:

• Developer platform: Chainlink has become the industry standard dev platform. Once you use one Chainlink component, there’s no need for another trust assumption to use other components of the Chainlink product ecosystem. So the dev UX is * chefs kiss *

What's Chainlink’s roadmap? Again, Chainlink is focused on the most immediate demand, so right now means Low-latency oracles, Functions and CCIP. These services will be the foundation on which future products like DECO and FSS are built.

DECO and FSS are services that are really innovative and research takes time. Updates are coming in the future, but we caught a glimpse thanks to the DECO research series.

To finish it up, Kemal shared another timeline. The audit for staking for v0.2 will start this summer and is on track to launch later this year.

Smartcon is going to be in Barcelona this October with very exciting speakers.

This summary was originally published as a thread on June 22, 2023.