/biz/ - Business & Finance

>>52730045
>We’ve since then expanded to off-chain computation. Off-chain computation is basically the ability to use an oracle network as a small committee that does a very specific computation. So you can, instead of taking a blockchain and trying to rejigger the blockchain to do something that it wasn’t meant to do, you can just make your own committee about your specific computation that you need, that needs to be trust minimized but that blockchains can’t do. Initially we expanded this to be about random numbers because that was a highly demand computation and the random number generation capabilities of Chainlink are now the industry standard for gaming and many other use cases that rely on randomness. Since then we’ve expanded to automation which are really kind of simple computations but that automation system is now developing into more general compute state and beyond that there’s all kinds of very specific but extremely important and valuable computations like fair sequencing that go to the core of how systems in our industry work.