Haven’t found anywhere that summarizes the key differences to the two oracle solutions. Would be nice to see one place to easily see the key differences technically and strategically with the two solutions. I know Band said they do not see them much as a “competitor
Recently moved into Chainlink depositing to my Nano X on ledger live all good however when trying to export this to my IOS application Chainlink doesn’t show up, does anyone have experience with this issue? For note I’ve exported other ERC20 across no problems, asked the question to ledger but no response yet and I’m impatient haha! Thanks all
What does CL decentralizing oracle improve upon the ordinary oracle. Isnt the API itself a single point of failure?
Why would I need a decentralized oracle service.
Off an article on medium.com: "As the Chainlink network matures, smart contract creators will eventually have the ability to require node operators to put up collateral before accepting their job. Typically this will be in order to make sure the node operator supplies correct data throughout the length of the contract with no downtime, and in the event any of these requirements are not met, the collateral will be forfeited as a penalty. "
I'm fairly new to Chainlink and still trying to understand the concept behind staking/providing data. Obviously the reward happens when an objective of the smart contract is fulfilled. How does the contract know if "bad data" is presented? How does a contract know if the data is bad before even obtaining the data in the first place? I am assuming this is reached through consensus by the network - 5 oracles say the correct answer is "cat" while 2 other oracles say "dog." Do both the oracles who said "dog" forfeit their stake? How does the smart contract know the answer is "cat" in the first place?
What if I wrote a "smart contract" to exploit this situation by having all oracles provide varying degrees of answers with a small consensus, then take everyone else's stake who didn't provide me with a good answer? i.e. Smart contract to tell me today's weather at exactly 6pm to 0.1 degree precision. There would be a multitude of various answers and all the ones who did not reach consensus would have their stake forfeited into my personal account.
I'm sure this is also written somewhere but couldn't find itsorry folksand thanks for your help in advance
Developers can now use Chainlink's Fast Gas/Gwei Price Reference Feed for a decentralized on-chain source of the current fast gas price on #Ethereum
Hello fellow Link Marines,
I figured if you're interested in Chainlink then you probably are interested in the technology behind it and the real-world application of blockchain technology.
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