/biz/ - Business & Finance

>>52941577
>>52941677
Checked

>>51253049
The reason you do not want to rely on a single party or service just aggregating a bunch of centralized providers and coming to a single party is that they have stake in it and thus no direct incentive to provide the actual truth 100% of the time. You can have an upgrade to your system where you conveniently change the different sites you gather the price feeds to ones that you control or have the ability to exploit, while all the users of your network basically rely solely on the trust of you providing the truth. Now you exploit or hack these centralized websited you gather data from and with plausible deniability you can fuck all these people relying on your shitty api call. Now crypto is getting bigger and when relying on every service provider to make their own shitty pull requests you are going to have a bad time. With LINK, a decentralized oracle network, there is risk involved with providing the truth and coming to a consensus, be it in an implicit way or getting slashed. Chainlink is monetizing data and truth for the future of digital agreements, where you can be certain of these node operators reaching consensus without having to rely on trusting a centralized power to make the correct api calls

>>50702071
>>50702249
Based spoonfeeder anon

>>49954439