/biz/ - Business & Finance

>>16049215
i dont even know what is a threshold signature is, im just here for the 1k eoy meme.

$100
LOOOOOOOOOOOL

>>16049224
It allows a large number of oracles to submit and cosign their responses before the final result is published on chain, so that instead of 1000 oracles all clogging up the Ethereum network with their individual results, only the final aggregated result is used.

>>16049215
>>16049215
Chainlink is not about tech.

Sergey Nazarov had a vision in early 2012 while he was working on a philosophy paper. He imagined hundreds of rich fat NEETs having gay sex with each other on a massive yaght, all of them were fabulously rich and spent all their time delving into the occult. His a master scam artist pumping his no techonology shitcoin to 1000 USD and at that moment all the neets will sell and then we will all come together for the 'singularity' where we have a violent murder orgy during the yacht party where sergey will sacrafice us to the god of Chaos KEK in order to bring about a new era of enlightenment for humanity. He will hide our bones on the Caymen islands which will become the worlds new capital as Sergeys undead army of Japanese Idols rampage their way across the United States.

>>16049215
Threshold sigs are a way of using oracles to collate transactions off-chain and entering them as a single transaction on-chain.
This reduces cost and takes a lot of load off the underlying blockchain.

>>16049280
To be clear, this can be applied to any ETH transactions.
This isn't necessarily related to external data connectivity.
So it's a standalone blockchain scaling solution in its own right, basically.

>>16049280
>implying there is oracles doing transactions at all on a cayman island scam

ahhahha anon I... :(

>>16049250
>Changing gas cost from n(x) to n(1)

$10000 EOY!

>>/biz/thread/16048321