/biz/ - Business & Finance

>>14448888
Nice digits kek

bye fres

>be big company
>decide to use smart contracts for something
>notice you need external data from a provider
you now have two options
>buy tons of LINK tokens for a considerable sum of money, connect you contract to the ChainLink adapter, pay fees to the LINK network forever for all API calls
or
>contact the provider
>ask for them to provide an oracle instead, which is not a tough job especially with tools aimed at making that easy
>never have to pay extra fees to the ChainLink network, never have to tolerate the increased chance of failure a middleman network brings

>will need data from different sources to be aggregated, compounded, synchronized, triggered, stored
In the end all you want to do on a distributed ledger is to move value or store data conditionally, anything else can happen off-chain. Data comes from external sources? Those external sources can perform the manipulation as well, you already have to trust them to provide the correct data so it's not a big deal if they also perform the operations you need. After the oracles are done, you either make a transaction or store a piece of data. Executing the entirety of code on a distributed ledger is only useful when the contract has absolutely zero dependencies of third parties, as soon as they're introduced you have to trust them either way and running the rest of the contract on a distributed platform brings no further value.

This makes the entire concept of complex smart contracts of questionable value, as far as I can see it. Either you have toy programs using no external data, or you just let oracles do everything since decentralization is only as strong as the weakest link

Chainlink appreciation ITT

>>12685444
This faggot doesnt know about meme magic. Let him be hit in the face again for taunting Lord Sergey

>>12676885