/biz/ - Business & Finance

>>12672538
bump

>>12672538
Fellow brainlet here, why would you invest in the scam

>>12672802

He didnt say he invested he is asking about its technical capabilities. This my brainket friend, is called research.

>>12672820
He invested in it if he’s going to run a node

Brainlet

>>12672538
I imagine you could make whatever API you want but by design you shouldn't. Your answers need to be within a close margin of everyone else's or you're penalized for inaccuracy.

>>12672538
Chainlink is simply a middleman to ensure safe and secure data delivery onto smart contracts.

I’m sorry but your thermometer example is just plain retarded. NO your node would probably not be delivering data from a thermometer to a contract, it would be delivering data from some database that records temperatures into a contract.

Do you understand the workings of bitcoins blockchain? Do you understand how a distributed ledger operates by keeping a record of every transaction that has been performed?

Now imagine a form of distributed ledger holding information on derivatives, price data or any other form of finacial records you can think of. Your chainlink node would be delivering that data onto a smart contract and getting paid to do so. You’re essentially selling data to contract providers who are willing to pay extra to ensure the data arrives safely and reliably

>>12672982
I don't want to make an API for it I just want to be able to physically deliver data to my node for whatever smart contract that needs that data

>>12672998
>chainlink is a middleware for I/O
>dude you're retarded for wanting your own physical inputs

and I thought I was the brainlet

>>12672538
i can't believe people are really buying LINK. it's A MEME YOU WILL LOSE YOUR MONEY

>>12672998

>>12673009
>I don't want to make an API for it I just want to be able to physically deliver data to my node for whatever smart contract that needs that data
Then yes, that is the point of using a decentralized Oracke system. You set up what kind of data your node pulls and where you pull it from, which determines which jobs your Node can be called for.

>>12673009
What are you asking you giga brainlet? Are you asking about PHYSICAL sensors? Look into ambrosus if you’re curious about pyshical sensors delivering data on chain.
It’s very obvious you have no idea how this operates because I’m having to rack my brain to even comprehend your questions.

>>12673050
He'd need some tool to bring the data from his own physical censor but it is correct that ChainLink would handle bringing that data on-chain to answer request calls (about that data) in smart contracts. ChainLink is designed for off-chain data answering on-chain calls.

>>12673050
I'm asking about the software side, do I have to make an API for an input I'm creating and then everyone can use it, or do I just decide what data my node will get

chainlink only works from centralized apis, its a fundamental failure in their business model. they require open-access centralized apis so multiple nodes can verify the data was correct, but in turn that means either the node operator can simply provide the data themselves, cutting out the middleman, or they can just run their own node as the only way to access their data.

what youre trying to do is possible, but chainlink doesn't help you at all, might as well just sign all of your temperature readings with a timestamped signature that can be verified on ethereum with ecrecover, and you've got a much more secure system already

>>12673074
*He'd need some tool to record input from physical sensors.

He wouldnt need anything else but ChainLink to bring it on-chain though.

>>12673078
Thank you for elaborating on what I'm asking about.
The entire point of the network is decentralization, so I'm trying to see about doing my part about delivering my own unique data.

and as >>12672982
brainlet said, it will need to be in a close margin or penalized. Which is fine, it only goes to bolster the security of the transaction

>>12673076
You can pull the data from anywhere, all you have to ensure is that your data is in line with the majority consensus.
In a perfect world, multiple nodes would be pulling data from multiple sources, but again chainlink is not so much to ensure the source of data is correct, it’s more to ensure the delivery of data. get this whole example out of your head because it’s a shit example overall.

>>12673173
>shit example to get an input on the blockchain

>this is what chainlink is meant to do get off chain data on chain