/biz/ - Business & Finance

>>26129002
Even if a smart contract blockchain is decentralized and trustless, ie not controllable by any single entity, it's still only a tool that does what the user decides it does, and what it does depends on the data it is given. If the data it is being given is from a centralized source, that source can control the outcome simply by controlling the input, without even needing to control the output. LINK decentralizes the data input so that no single entity can control the input to the blockchain, thus insuring the output and input of the transaction is decentralized and trustless.

If you want the technical explanation of how it actually achieves this, you'll have to un-brainlet yourself first, but know that it is quite literally the "link" between the blockchain and real world data. It enables the global cloud computing power already currently running across all of the cryptosphere to become a tool of mass processing power to calculate real world problems and provide concrete value as a tool, without any ability for any party anywhere to tamper with the results or input to it.

For a brainlet example, if employee works X hours or provides X completed by a set deadline, pay X employee Y per hours logged, or Y per salaried contract. The employer is not able to dispute the mathematical truth of the employee having accomplished what was in the contract they both signed up for, nor is the employee able to get paid for not completing the contract. This is a simple example to start with, but you can expand it outwards to encompass any and all transactions that occur anywhere, for any reason, or any amount. If it is a transaction that is at all critical to any party on any level, it enables them to both lock themselves into a binding contract that does not rely on any other entity besides those two parties to ensure that safety and validity of that transaction.
If that sounds revolutionary and like a network that will be worth billions, it's because it is.

discuss

To celebrate the start of the next crypto bullrun I'm posting some links from 2017/18

rank

oh, these days, link mostly. . .

>>11730938

Altcoin gems thread

linqq will be $3 by the end of august
i dont have any outsider info
just a hunch

OGs know how to time the market for the optimal entry point.

>>9149386
This is now a chainlink cube thread

>>9002793
wow Japan is so weird, they let people into the enclosures in their zoos? seems kind of dangerous

>>8853823
OHHHH YES

You'll need chainlink

>>8449731
In memes we trust

>>7872410
burgerbanned

>>7872353
>>7872307

will look into this thanks

>>7793339
Fuck me thanks for the heads up.

>>7787123
I'm buying some, not because I think its a good investment, but I like memes

>>7787318
the answer may be stinky

>>7777777

>>7775291
I don't know this chinese cartoon but I thought it would look cool like this