{"id":21668,"date":"2023-08-29T03:34:16","date_gmt":"2023-08-29T03:34:16","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/solana-based-clockwork-to-shutter-citing-limited-commercial-upside\/"},"modified":"2023-08-29T03:34:18","modified_gmt":"2023-08-29T03:34:18","slug":"solana-based-clockwork-to-shutter-citing-limited-commercial-upside","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/solana-based-clockwork-to-shutter-citing-limited-commercial-upside\/","title":{"rendered":"Solana-based Clockwork to shutter, citing \u2018limited commercial upside\u2019"},"content":{"rendered":"
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The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing \u201climited commercial upside.”<\/p>\n
In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active development of the protocol and on Oct. 31 will turn off its nodes on devnet and mainnet.<\/p>\n
Garfield cited \u201csimple opportunity cost\u201d as the reason for the team stepping back from Clockwork, admitting there were limited commercial benefits to continuing its development and the team had a growing interest in exploring other opportunities.<\/p>\n
Clockwork is a protocol that allows users to schedule transactions on the Solana network and create smart contracts automated to run applications when triggered by an event.<\/p>\n
Garfield said Clockwork\u2019s code will remain open-source and freely available online and gave his \u201cfull endorsement to fork and ship\u201d to anyone looking to continue work on the protocol.<\/p>\n
\nDevelopers may continue to use the software as written, but we will shut down our nodes on devnet and mainnet as of Oct 31.<\/p>\n
The on-chain programs will be frozen, and the code will remain open-source and free to fork on GitHub. <\/p>\n
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