/biz/ - Business & Finance

BBCA-Chain is a significant improvement over DAG chains. A DAG, or Directed Acyclic Graph, is a type of blockchain that doesn't require mining and can reference multiple transactions simultaneously. DAGs are known for being extremely scalable, lightweight and having zero or negligible transaction fees. However, the degree of decentralisation and security of a DAG network depends heavily on the volume of transactions happening at any given time. If the volume of transactions decreases, a DAG network becomes vulnerable to attacks.

This is where CCIP transaction volume comes in. By increasing the transaction volume, CCIP alleviates the security concerns related to DAG networks. The BBCA-Chain protocol requires fewer overall communication steps, resulting in lower latencies than other DAG-based consensus solutions. This makes BBCA-Chain a breakthrough improvement, capable of keeping up with high demand.

Moreover, BBCA-Chain doesn't require any special layers in the DAG, has simple consensus logic, parallel broadcasts, high throughput, and considerably reduced latency. Additionally, it offers free transactions.

BBCA-Chain can also act as an intermediary for atomic operations between various blockchain networks. This makes it possible for it to become an L0.5 chain and potentially enhance its capabilities in the realm of consensus and cross-blockchain interactions.

In summary, the CCIP and universal gas conjecture on token price is not relevant when it comes to BBCA-Chain. BBCA-Chain completely undermines this narrative and offers a more secure and efficient blockchain solution.

Ib4 chat GPT.

>>54715972
He shilled a token not needed scam.

>>54545773

YOU ARE A MANIAC!!!

>>54545793

I'm here

>>54320538

What are the best plays under 3 Million MCAP to rotate my ARB airdrop into tomorrow?

Right now I'm looking at LOTTO but open to other possibilities.

I'd prefer something that at least pretends to have longevity or some kind of actual use case as opposed to dog shit coins. Thanks

Shill me

The flash crash we had because of Covid-19(I watched LINK go to a $0.01 on Binance, but you couldn't buy) took place on March 12th-13th, 2020.

This recent debacle of banks collapsing in real time is also taking place the same date but about 3 years later.

Idk if we will see short term pain and not suggesting we will but its just highly (((coincidental))) imo.

It looks like they are turning the money printer back on which is ideal for crypto

>>53701430
>the 4th industrial revolution book by Klaus Schaub name drops smartcontract.com

In the book, it said smartcontract.com was leading the path to help smoothly transition legacy financial infrastructure into distributed ledger based technology.

I started researching LINK heavily after that and made my first purchase within 2 weeks of reading that book.

Pic rel didn't have that excerpt in it it was a different edition of the 4th IR that did but I like how they used LINK's logo for another edition.

We were told years ago what the plans were for Chainlink

>>53665950
>If the government wants to control and monitor everyone's spending why do they need a cdbc to do it? Why can't it be done with the digital money we already use?

Everything is disjointed. They need tracking on distributed ledger systems that starts from the primary source where the money is created I.E. the Central Banks.

Also you are missing the key function of CBDCs which is that they are programmable fiat.

They can code the money to behave certain ways and it require less about the systems that employ it to end users.

Right now if the funds of someone are to be frozen the individual bank must freeze the account and NOT the actual funds.

With CBDCs they have more nuance available. Consider the following hypothetical which is 100% possible through CBDCs:

"John goes to the grocery store to pick up food for the week. He buys all his usual staples. Eggs, milk, bread, beef, veggies, and some fruit. The cashier rings up his goods and says his total is $74.84. He goes to pay with his debit card and the cashier tells him the payment was declined. He knows there is money in the account and tries again. She tells him that it failed again. On the cashier's screen is says "payment declined-code 667" which she knows, according to her training, is a climate sustainability code."

"John has likely bought too much red meat this week and went past his individual allotment. The cashier suggests he remove the beef from his bill and try again. After mulling it over, he reluctantly agrees. Voila the transaction goes through no problem and the payment succeeds without the red meat."

There is no one John can appeal too. The cashier can't do anything on her end to cheat the system because it isn't the store preventing him from purchasing the item. Its not his bank either that he can call and say there is a mistake. Its directly coded into the base layer of his monetary expression.

There is zero recourse for John in that moment.

If you have 7,000 or less LINK its basically retard tier to stake literally any of it.

I believe in the long term success of the project and will eventually stake but I still want to fucking be able to take profits on parabolic expansions with the possibility to buy back in lower. Swinging LINK has been insanely profitable over the long term for anyone with even a little common sense. You don't swing your entire stack maybe like 10% at a time. You are looking at long term time frames

You sell obvious parabolic tops and start buying the retrace slowly.

Crypto doesn't have steady growth. Its makes massive moves in relatively short periods of time.

Also sure there isn't any slashing but once you stake they can do whatever they want and that still doesn't protect me from inherent protocol risk. Nothing is infallible and I'd prefer the staking system run for awhile before I put my money into it. That isn't unreasonable.

Imagine over the next year we go to $150 and then back to $15. The entire time YOU CAN'T SELL. All you can do is watch everything unfold. You can't sell rewards, your stack. You have hamstrung yourself entirely and given up any ability to take profits. That isn't worth 5%. This isn't FUD.

Chainlink is the standard. This iteration of staking is not.

>>52592503
>>the entire global financial market keeps getting pumped and dumped to maintain the $6.66 cup of coffee chainlink peg
>really makes me think

Good to hear its why I make the threads

>>52541744

Bump

>>49775251
do you really need to ask?

Chainlink was mentioned in 2016...1 year before being released

>>49740959
LINK will unironically never go below $5 they will not let you accumulate cheap stinkies

>>49714261
>they still don't know

This should be relatively easy to answer yet upon researching I've never been able to find the exact information.

Assuming I'm connecting a Trezor or Ledger through Metamask in order to trade on a DEX or deposit on a liquidity pool what are the added security risks?

Basically my question is that if my Metamask account became compromised(worst case scenario my seed phrase is accessed by someone) would that compromise my Ledger/Trezor holdings in any way if the device was connected to a compromised Metamask account? I'm assuming no since you have to input the pin to do everything? Is there anyway someone could get the seed phrase somehow of the hardware device? I have everything only written on paper never electronically. Thanks in advance.

>>30021387

>>30021139

>>29349634
>so why is it, 3 years ago the top 1000 holder held 42k link, and now that position is only 30k?

People are separating their LINK into other wallets and putting them on CEXes to earn interest and yield farm for liquidity pools. There are tons of options. OGs are holding while gaining profit without risking everything its pretty legit actually

>>26799916
Unbelievably based

>>23545792

Based welcome to the 4th Industrial Revolution. It will play a significant role in The Great Reset and probably technocratic communism for China and their Blockchain Service Network(BSN).

https://widgets.weforum.org/techpioneers-2020/chainlink/