/biz/ - Business & Finance

https://www.reddit.com/r/Futurology/comments/iame7g/us_postal_service_files_patent_for_a/

> ctrl+f ‘’chainlink’’ : 0 results

Explain for brainlets

>>20215735
You my friend are on the left side of the LINK IQ chart. That being said, it was a good attempt at explaining. LINK is a Token used as collateral. The chainlink is a network of decentralized oracles. My explanation of this part isn’t very good but it’s essentially a whole bunch of data providers that need to prove that the data being provided is actually legitimate and isn’t fraudulent. Introduce the token, LINK in order to provide accurate data these data providers need to be paid the more accurate your data is, the more LINK you can charge for your data to be used in a smart contract. Why chainlink is so good is because it bridges off chain resources (companies are beginning to form their own private blockchains/ DLTs ) with on chain resources, think eth BTC etc. Chainlink is what essentially connects all the various markets under the concept of trustless automation. Suppose you make a bet for $10000 that New Mexico won’t get 20 inches of rain in one year(2000+current year). This data can be retrieved by different weather companies/ and news casters via their companies API. Now assume that these different companies have partnered with chainlink, they become a part of the network of oracles. Back to the bet, at the end of the year New Mexico only got 19.9 inches of rainfall. You then get paid $10000 directly to your bank account. Apply this concept to the different sectors of our worlds economy and you can see the value of Chainlink and the LINK token. Btw I’m also a low iq linkie

tl;dr;ns buy link

>>17275334
If you continued to put in money until January, you would’ve been on the high IQ side. But you’ll still make it fren. Good luck.