Link looks nicely marinated from the bear...
ORACLES
Oracles are data feeds that connect Ethereum to off-chain information
The oracle problem
Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle
Chainlink Off-Chain Reporting (Chainlink OCR)
1. off-chain oracle network communicates with each other
2. cryptographically signs responses
3. aggregates responses off-chain
4. sends one transaction on-chain with the result
This is gas efficient
Chainlink VRF
Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts
The LINK token
*based on the upgraded ERC-677 token, backwards compatible with ERC-20.
CHART
Bull div on daily
Local fork
Fib retracement
If market is going to bounce then so will this
NOT TARDING ADVICE
ORACLES
Oracles are data feeds that connect Ethereum to off-chain information
The oracle problem
Ethereum transactions cannot access off-chain data directly but using a centralised data source is suboptimal... hence the need for a decentralized oracle
Chainlink Off-Chain Reporting (Chainlink OCR)
1. off-chain oracle network communicates with each other
2. cryptographically signs responses
3. aggregates responses off-chain
4. sends one transaction on-chain with the result
This is gas efficient
Chainlink VRF
Chainlink Verifiable Random Function = tamper-proof random number generator for smart contracts
The LINK token
*based on the upgraded ERC-677 token, backwards compatible with ERC-20.
CHART
Bull div on daily
Local fork
Fib retracement
If market is going to bounce then so will this
NOT TARDING ADVICE
Comment:
bitcoinist.com/eric-...b3-more-interesting/