[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 703 KB, 2153x1535, Image.jpg [View same] [iqdb] [saucenao] [google]
56172792 No.56172792 [Reply] [Original]

Centralization Risk While a company may have multiple API sources, they are still centralized under that company's control. If one of those sources gets compromised, the data can be manipulated. Using Chainlink oracles diversifies the data sources, reducing the centralization risk.

Data Trustworthiness:
Chainlink nodes provide data with cryptographic proofs, ensuring data integrity. This adds an additional layer of trust to the data that smart contracts rely on. If smart contracts directly pull data from a single company's API, they may have to trust that company's data without the same cryptographic guarantees.

Reliability and Availability
Chainlink nodes are incentivized to provide accurate and timely data. Smart contracts that directly rely on a single company's API might be affected if that company experiences downtime or data outages. Chainlink's decentralized network aims to provide higher reliability and availability.

Security
Chainlink oracles are designed to withstand various attack vectors. When smart contracts pull data directly from a company's API, they may be more susceptible to attacks on that API.

it's possible for smart contracts to pull data from a jew company's multiple API sources, using a decentralized oracle network like Chainlink provides additional security, reliability, and trustworthiness due to the diversity of data sources and the cryptographic guarantees provided by the oracles. It's about minimizing risks and ensuring the highest level of data integrity for decentralized applications and smart contracts.

>> No.56172810
File: 1.09 MB, 1272x4319, Image.jpg [View same] [iqdb] [saucenao] [google]
56172810

>> No.56172837
File: 799 KB, 1600x2034, IMG_6668.jpg [View same] [iqdb] [saucenao] [google]
56172837

>> No.56172852
File: 2.37 MB, 2377x4215, Image.jpg [View same] [iqdb] [saucenao] [google]
56172852

>> No.56174623

>>56172792
bump because fud trannies are obviously too scared to touch this thread

>> No.56174663

>>56174623
bump (cocaine)

>> No.56174696
File: 9 KB, 225x225, download.png [View same] [iqdb] [saucenao] [google]
56174696

>>56172792
based and evidence-pilled

>> No.56174707

>>56172792
Wait til they realize chainlink will work for any data authentication, it isnt only useful for financial applications. All sorts of government and civil use cases

>> No.56174712

>>56172792
Why did you make another thread? Also your syntax smells like chat GPT

>> No.56174746

kek fuddies down tremendous

>> No.56174858

bumperino. thanks op for effort posting

>> No.56174868
File: 869 KB, 777x777, 1613736819736552.png [View same] [iqdb] [saucenao] [google]
56174868

based

>> No.56174962
File: 108 KB, 1024x768, 5687123.jpg [View same] [iqdb] [saucenao] [google]
56174962

this dude again

>> No.56174971

Bump kek fuddies

>> No.56174983

chainlink is your single point of failure, it merely adds a second one to your risk
long term the answer is on-chain data and off-chain signed data validated on-chain. there's no room for a pipe in between.

>> No.56175284

Bumping again lol

>> No.56175458

>>56172792
id explain to you why youre wrong, but I dont want to type it all out. Besides I get paid FOR providing risk assessment report on assets, Im not working for free.

>> No.56175474

>>56175458
But ur getting paid so please tell us

>> No.56175649

>>56175458
>23 year old ass gaping bankwagie extraordinaire thinks he understands anything

Cute.

>> No.56175702

>>56175649
Kek this.
>risk analyst at a bank
Your job is a joke and you are a joke, wagie. You know this and everyone who's worked in finance knows this.

>> No.56175706

HOLY BASEDO GM KANGZ take a bow today you bow for no man

>> No.56175718

>>56172792
We have been talking about this shit for 6 years newfag

>> No.56175721

bump kek fuddies

>> No.56176523

nobidy needs this worthless premined vc scamtoken

check the price

>> No.56177536

bumperino (cocaine)

>> No.56177548
File: 2.95 MB, 4554x3036, thefewtheproudlinkmarine5.jpg [View same] [iqdb] [saucenao] [google]
56177548

>>56172792
I'm not going to read all dat but it sounds good and I'll be here until link hits $1000

>> No.56177750

>>56172792
when is the question

>> No.56178416

>>56177750
tonight

>> No.56180030

>>56172792
That's a chatGPT post and it's obvious by everyone who has ever used it retard

>> No.56180155

>>56174623
Bumping for the same reason

>> No.56180159
File: 943 KB, 974x997, 1571941216721.png [View same] [iqdb] [saucenao] [google]
56180159

>>56180030
Are you Uncles fluffer?

>> No.56181605

>>56172792
What's the current tier/ranking chart?

t. 2kcel, soon to be 3.5k cel

>> No.56182832
File: 109 KB, 1213x720, 456989987123.jpg [View same] [iqdb] [saucenao] [google]
56182832