/biz/ - Business & Finance

holy shit that's a rare sergey

I have a genuine question about the working of ChainLink so this is not a FUD attempt.

How exactly should I imagine decentralized oracles? I mean, the information that nodes are providing should come from one particular source right? Say some smart contract relies on the delivery status of a package, then the information, no matter how 'decentralized' (how many nodes are providing that information), it has to come from a SINGLE point, i.e., the UPS/DHL API. That's not the idea of decentralization right? It would be like Bitcoin having a blockchain with all the transactions, but a certain field (for example the amount) is referring to a different, yet single, source (the Rothshield API).

I get that ChainLink as some kind of middleman could link data and smart contracts (unironically a very useful Jason Parser), but is it really decentralized? Do they really solve the oracle problem?

>inb4 hur dur read whitepapur
if you can't explain it you don't understand it