/biz/ - Business & Finance

>>23408367

Can someone please explain to me what benefits there are for a decentralized API over a centralized API?

Anyone can build their own API and run it for free. This is how the internet is bridged together. With a decentralized version, there are costs associated. I don't really see the benefit to this, as anything Chainlink can do, so can someone with basic coding skills. Less risk too I would wager, as the only point of failure would be oneself. Both Chainlink and private or even public API's depend on the same source of data. Only with Link, the data is democratized somewhat. This isn't necessarily an advantage, especially compared with the dependability of a self created API. One could argue that it has an advantage over public API's, as public API's can be manipulated for profit if one felt so inclined to do so. Then again, a bunch of validators on the Link network could simply conspire together and do the same thing. So we can argue over the benefits or trade-offs between a democratized API and a public API hosted by a private party, but I would rather not as this is subject to interpretation. Rather, I would like to discuss what benefit, if any, Link can offer as opposed to a private API.

Yes, I have a 150+ IQ.

>Bitcoin BCH

>>14305603
>A psycho Nano whale

>>14305542
>the combined market cap of IOTA and NANO as DAG makes both of them obsolete

>>14305788
>More like IOTA/NANO combined.

>>14306917
>Fantastic analysis. You sound like a Nano investor. Pic related.

>>14306949
>Learn the difference between shilling and informing, nanoid.

>>14074521
He thinks tribalism influences anyone with an IQ above 80