/biz/ - Business & Finance

>>4568628
obviously this

Why did LlNK suddenly moon? Is there a rational reaton for that or is it just pump groups manipulating it, I sold my stack at the high today but it seems to be going back up, should I buy right fucking now?

>>4417547
>>4417514
>>4417479
>>4417457
>>4417430
>>4417409
>>4417387
>>4417369
>>4417338
>>4417312
>>4417215
>>4417197
>>4417138

Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the Oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the Oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases.

Essentially, Smart Contracts are flawed because they, by their very nature, can't interact with data outside the blockchain. Oracles are the bridge which allow that to happen, but current oracles are centralized and could possibly manipulate the data they are passing for their own benefit, which causes big companies wanting to implement smart contracts to get cold feet.
Chainlink is a decentralized oracle network, which will allow the oracles on the network to act in a similar manner to how we see bitcoin miners interact with the bitcoin blockchain --- they don't care about what they're processing, they just process it. This allows the trustless and tamperless translation of the data from the source to the smart contract, which opens up a whole world of possibilities. I wrote a couple examples to help open your mind to it:
Securities smart contracts such as bonds . . . You have a Bond which you have a smart contract for which is fed market data through an oracle, calculates the effective interest rate and payment based on the terms of your bond, and processes your dividends through a payment network oracle (SWIFT Payment network)
Insurance smart contracts, which uses data from IoT devices in your home to support claims for insurable events, such as your fire alarm or home security system automatically beginning a claim with the company providing your personal property insurance when one of those events occur.

Weak hands are being shook. This is the final shakeout. We will see 1.8k again one more time, where even the most iron hands will finally lose hope and sell. Then we moon to $1 by the end of the month.

>>4182520
>No to have ETH or BTC as intermediaries.
is that a bad thing?

>>4177629
I thought it would never dip back to 3k after the last fork yet here we are.

>>4146439
I use the time to buy more LINK.

>>4146223
thanks for the update bro

BULL RUN AHEAD