/biz/ - Business & Finance

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Anonymous Sat, Jun 29, 2019 15:38:54 No.14459469 [Reply] [Original]

I think I finally got it.
Example:
> System administrator is using a computer.
Now the same metaphor for blockchain would be:
> Chainlink is using a blockchain.
Organizations and people cannot interact with blockchain directly, they need an administrator, the administrator holds collateral (LINK), and does all the operations in a standardized and safe way, so that we can trust blockchains.
That is what these oracles are. Freaky as fuck.
Chainlink might be bigger than blockchain itself Blockchains are just computers executing commands, chainlink is the brain using the computers.

I'm kind of an idiot for missing this. But it makes me think that Chainlink is perhaps more valuable than all blockchain projects, which would means that it should be #1 in coinmarketcap.