Chainlink Achieves Scalability Breakthrough with Off-Chain Reporting Solution

Chainlink has deployed its OCR solution to mainnet. Chainlink’s Sergey Nazarov says this will result in a 10x increase in the amount of real-world data that oracles can bring on-chain.

After a year in development Chainlink’s Off-Chain Reporting (OCR) solution has been deployed to the mainnet. The launch will significantly increase the scalability of Chainlink’s decentralized oracle networks.

The company says the launch of OCR represents the single most significant upgrade in the history of Chainlink. It will act as the foundation on which it plans to accelerate the launch of additional oracle networks for DeFi and the wider smart contract ecosystem.

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