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Chainlink recently announced on Twitter that it launched a new version of node software. The old version is now been replaced by v1.5.0, which is available on GitHub for node operators to download and install.
According to the announcement, the new release includes several security improvements, increased support for running multiple chains on a single node, and additional configuration options.
#Chainlink node software v1.5.0 has officially been released!
This release includes several security improvements, new configuration options, and increased support for running multiple chains on a single node.
— Chainlink (@chainlink) June 21, 2022
Why is chainlink important for the crypto industry?
Chainlink has been instrumental in turning blockchain into what they are today. Its decentralized oracle network is the fastest, cheapest, and most reliable way for smart contracts to receive data from the real world. Apart from Chainlink’s network, there is no safe and convenient way for that data to reach the blockchain. As a result, any smart contract which requires real-world information in order to self-execute would be stuck until such information was delivered manually by trusted parties.
Chainlink eliminates this long workaround process and enables smart contracts to request and receive reliable information nearly instantly, thus allowing the contracts themselves to reach their full potential and react to things in real-time.
Of course, the platform has its own network that runs on nodes, and in order for Chainlink to ensure that its oracle network will remain reliable – its own network first needs to ensure that it will remain strong and capable, without security issues, and that it will be as convenient for node operators as possible.
What changes does version 1.5.0 bring?
The first of the changes that the project has introduced concerns platform security. Chainlink will now fail to boot if the Postgres database password is missing, or if it appears to be insecure. The project noted that the insecure passwords will continue to work for backward compatibility, but in a future version of Chainlink, they will not allow for an application boot.
Further, the project has disabled a number of variables that will no longer have any effect and will be removed in a future release. Some variables have been renamed, although the old name is still supported for the time being.
Next, the project added a new config option to enable transactions forwarding contracts, and three more block variables have been added to the job pipeline. Lastly, Chainlink also introduced three fixes for metrics that previously worked incorrectly.
For greater details about these changes, additions, and fixes, node operators and other interested parties can check out Chainlink’s report on GitHub, where the project explained everything, including the exact variables and metrics that have been changed, as well as the reasons behind the changes.
Following the announcement about the new version of the node software, Chainlink saw a brief surge in the value of its token, LINK, which went from $7 to $7.5. However, the price has corrected by the end of the day, and at the time of writing, it sits at $6.85, after seeing a 1.95% increase in the last 24 hours.
To learn more visit our Investing in Chainlink guide.
Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.