Chainlink Enhances Data Streams with Multistream – Instant, Scalable Feeds

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  • Chainlink’s Multistream upgrade boosts throughput by 1000x, enabling faster, scalable data feeds for DeFi applications.
  • Multistream improves data aggregation and flexibility, allowing developers to customize and access multiple data streams in real-time.

Chainlink has recently introduced an upgrade to its Data Streams solution, enhancing the decentralized oracle network (DON) with the launch of Multistream. This new feature allows Chainlink to support thousands of data points per second, representing a 1000x increase in throughput.

With the ability to quickly process huge amounts of off-chain data, the upgrade aims to meet the growing demand for high-frequency data within decentralized finance (DeFi) applications.

What Is Multistream and How Does It Work?

Multistream introduces a distributed architecture to Chainlink Data Streams, changing how data is collected and transmitted. Traditionally, data streams were handled separately, requiring individual nodes to process each specific data point, such as price or volume data.

Multistream changes this by enabling a single decentralized Oracle network to process multiple data streams. This allows Chainlink to serve thousands of data points in parallel across various blockchain networks and asset classes, improving overall speed and capacity.

The architecture behind Multistream ensures that data from providers such as price feeds or timestamps is aggregated off-chain and processed efficiently. Once gathered, the data is transmitted to dApps, which is used in real-time decision-making.

This structure boosts throughput and ensures that data remains accurate, reliable, and cryptographically verified, minimizing the risk of manipulation during transmission.

A Look at the Differences Between Traditional DONs and Multistream

In traditional decentralized oracle networks (DONs), each data stream is processed independently. This setup can lead to slower data transmission and reduced efficiency, particularly when scaling up for large, complex systems.

In contrast, the Multistream model integrates multiple data streams into a unified system, streamlining the data aggregation and delivery process. The same Oracle nodes now handle all the streams, such as ETH/USD, BTC/USD, and others, working collaboratively to provide faster data updates with reduced latency.

This shift offers an advantage for decentralized applications that require fast, reliable data from multiple sources. The transition to a Multistream system enhances Chainlink’s infrastructure’s scalability, allowing it to meet the growing demands of blockchain-based applications and provide them with data in near real-time.

Customizable Data Streams for Decentralized Applications

Multistream improves data speed and scalability and enhances data consumption flexibility. Developers can now access more types of data and customize how it is consumed. Multistream allows users to request a variety of data types in a single report, enabling the creation of tailored datasets that meet the specific needs of their decentralized applications.

For instance, developers can combine data streams such as ETH/USD, Solana volume, and other on-chain metrics to generate custom reports. These reports can be configured to aggregate various data points and perform necessary computations, offering dApp developers greater control over the data they use.

The advancements introduced by Multistream are key for the continued development of DeFi applications, which rely on accurate and timely data for automated decision-making. With improved scalability, faster feeds, and enhanced programmability, Multistream empowers developers to build more efficient and responsive decentralized platforms.

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