Attention LINK investors! You may experience turbulence over the next few days
Chainlink [LINK] holders and investors may have something to rejoice about. The new Economics 2.0 may be the key to save an ailing and struggling LINK. The latest launch will enable Chainlink to surge its fees and revenue capture as well as increase the blockchain’s security via staking.
However, what remains to be seen is that if this new launch can improve Chainlink‘s declining market cap.
_____________________________________________________________________________________
Here’s AMBCrypto’s Price Prediction for Chainlink for 2022-2023.
_____________________________________________________________________________________
Chainlink made the announcement on 14 October via Twitter. Furthermore, Chainlink plans to make a lot of improvements and alterations to the current functioning of the network.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/ The goal of #Chainlink Economics 2.0: unlock the immense value of Web3 by ensuring it has the sustainable, secure infrastructure it needs to go mainstream.Econ 2.0 hinges on:
• Increasing fees & revenue capture • Reducing operating costs • Increasing security via staking pic.twitter.com/wAMI9vLZlu
— Chainlink (@chainlink) October 14, 2022
In terms of generating revenue from fees, the blockchain announced that it would help pre-revenue dApps. Chainlink would share its oracle services and technical support with the dApps. Furthermore, in exchange, the dApps would commit a part of their token supply to Chainlink as network fees.
Some other improvements also includedlower costs and improved security. In lieu of these events, Chainlink’s development activity witnessed a rise over the past week.
This may be a strong indication that developers at Chainlink were making progress in terms of development
Read more on ambcrypto.com
