CANT DODGE

[Anonymous No.16676545]

The Reputation System and individual reputation of an oracle is one security implementation proposed in the Chainlink whitepaper that theoretically incentivises good behaviour which results in highly performant oracles. The response time of an oracle is a metric that can be analysed when determining a Reputation Score. Since gas price can be analysed on-chain its value can be used to determine the response time reputation metric of an oracle.

Fast response times will result in a higher reputation, therefore oracles are intangibly incentivised to set a gas price that will confirm their transaction on Ethereum as soon as possible. A high reputation oracle is likely to be in higher demand and get paid more per job as well as being selected for more jobs than a low reputation oracle. Therefore, by sacrificing more gas per transaction in the present, oracles will likely achieve higher future utility. One solution to automatically ensure fast response times, which subsequently bolsters reputation, is using a Chainlink Gas Updater.

The Chainlink Gas Updater is a service written in Node JS by Thomas Hodges the Chainlink Integration Engineer. The service works by pulling the average ETH gas price from various sources, with Eth Gas Station, Anyblock and POA currently being the three default sources. The Gas Updater dynamically updates the gas price your oracle uses every minute. The Chainlink Gas Updater also accepts some extra environment variables (see the Github for a full list). These variables give an operator the ability to change their data source they use to determine gas price, as well as set an “add gas amount”. This allows an operator to become more competitive on Gas Price and goes towards providing extra insurance that a transaction will be confirmed within a block or two.

[Anonymous No.16676592]

>>16676545
>3 years
>32 million dollars
>wont answer what their relations are to companies
>moved/sold funds at ATH prices
>centralized KYC nodes
chainlink is a scam

[Anonymous No.16676609]

>>16676545
LINK = SCAM

[Anonymous No.16676679]

>>16676545
This is word salad.

[Anonymous No.16676720]

>>16676679
It’s not, but it’s on the same degree of novelty as saying Chainlink solves the oracle problem. We’ve known it for years

[Anonymous No.16676865]

>>16676545
insurmountably based

[Anonymous No.16676899]

>>16676679
>be the hodge
>create a hackaton about chainlink
>have your retarded sister write a smart contract about burned toasts or some shit
>give her the winning prize
This is how they're emptying the coffers.