If i run a LINK Node, what do i have to do? What kind of stuff flows trough my Node?Anon buys a concert ticket and my node says "yes this is a concert ticket" or "no its not"; how does it decide that / do i have to? A summary / explanation brainlet style would be appreciated.
>>12361673Just be yourself bro. If that doesn't work, ask here:>>12356590
>>12361673I buy a concert ticket with eth. I press 'buy' on the front end. 1 minute later i got the ticket price discounted from my eth wallet balance and an email with the concert ticket.Meanwhile on the backend:- The ticket seller company as smart contract requester, requests data to trigger his smart contract. They need price data to calculate the actual price rate Eth / USD.-You, as a node operator, have previously subscribed to the Coinmarketcap API, in order to provide their data and automatically send to the coordinator contract something like '1 ETH = 150 USD'. The coordinator contract aggregates answers from nodes like yours and sends back to the company's smartcontract an aggregated answer along with a list of the nodes that in average provided the same or very similar data. The company's smart contract requests penalty stacks from those nodes who provided fake data and releases a payment in Chainlink to every node that sent the correct data.
at first you have to figure out where you will place this. then you have to operate the node atleast 23 hours a day so that your reputation doesn't drop because of downtime.
>>12362148I'll bump just for this comment. Help some linklets out. t. LTG
>>12362148Oh shit. That type of incentive is a reasonable way to decentralize oracles. More gatekeepers means no gatekeepers, just uncensored data.
>>12362148why didn't you niggers tell me link was a legit project?
>>12362988Well, now you know what must be done. No more excuses anon, the clock is ticking
guys im currently at conflict and also a brainlet so wnt be running a node on my own. What do people think a better investment currently be, all in link or get atleast 1 lp?
bro if youre able to run your own node you'll be a millionaire by 2021
>>12363589you already missed LP buy LINK the market will give you an opportunity to stake eventually, if LINk is succesful pools will pop up everywhere
>>12363593How much for a node
>>12363618that what i thought, considering that alot of competition will prop up soon. But at the current price of LP now it is unknown whether it is cheap.
>>12362988It isnt. Welcome to the club.
>>12363659LP will always be better now that the founder is an official member of Chainlink