/biz/ - Business & Finance

[Anonymous No.14018330]

all the world's money traffic in the future will go through chainlink, let that stink in

[Anonymous No.14018333]

>>14018330
based

[Anonymous No.14018343]

You really think checking the price of ETH will be that popular?

[Anonymous No.14018391]

>>14018343

What is an Oracle?
Certain applications require smart contracts to access off-chain data, but they are unable to access external data on their own. For example, a smart contract which automatically deposits insurance amount to travelers’ accounts in case of flight delays would need to know the flight schedule at the airport and the current time. An oracle is a 3rd party information source which can interact and exchange data with smart contracts. Oracles trigger the execution of smart contracts when a certain predefined condition is satisfied. By enabling smart contracts to interact with real-world data, these oracles expand the scope and impact of blockchain applications.
What is Chainlink’s Role?
To function, oracles require some amount of trust and authentication, which is contrary to the trustless nature of the blockchain itself. Chainlink uses a highly decentralized network of oracle nodes to guarantee end-to-end data security. By allowing multiple data-pathways (or Chainlinks) to evaluate the same data before it is allowed to become a trigger, Chainlink ensures that the failure of one oracle node doesn’t compromise the data integrity or smart contract functionality. This data includes, but is not restricted to, off-chain data feeds, web-based APIs, and traditional banking payments. Chainlink is being used to provide highly secure and reliable oracle services to both large scale enterprises (such as SWIFT) and smart contract developer teams.

[Anonymous No.14018447]

>>14018343
>You really think checking the price of ETH will be that popular?
Complex question (interrogative form of begging the question), logical fallacy.

[Anonymous No.14018466]

>>14018343
i think link could easy be worth 50 cents given that the financial incentive for link to be low and the given supply of link is fucking barf ridiculous anyone who buys deserves to get dumped on when link dumps the other 600 million tokens

[Anonymous No.14018481]

>>14018466
>when link dumps the other 600 million tokens
Fallacy of reification.

[Anonymous No.14018483]

>>14018466
Lol. Love it.

[Anonymous No.14018526]

If chainlink makes you bagholders rich I say more power to you. Conservative estimates put the likelyhood of it succeeding at less than 5%. I will applaud every last one of you if you get rich from it. I won't even be one of the leeches to beg for money nor will I try to sneak my way onto the yacht. I only hodl ETH & BTC.