LINK will save ETH

[Anonymous No.13923464]

>Our current best threshold signature scheme (described in this post) requires about 15k gas to confirm[7]. This means, for instance, that the $3,000 data point I mentioned earlier would only cost about $2, a 1,500-fold savings (and at current gas/ETH prices, the cost would be a bit over one cent, vs about $17 for validation of a 2,000-strong quorum, using the current framework.)

>The fact that consensus between signature participants is established independently of Ethereum (with very concise on-chain verification) also means that Chainlink's security can scale with no improvement in Ethereum's throughput. This will allow contracts to depend on much larger observation sets, because any sufficiently large subgroup of participants can all agree on an observed value and collectively sign it, off-chain. The limiting factor will become the cost of off-chain communication between participants during constructions of the shared private key and the signatures (both of which grow as the square of the number of participants.) And it's likely possible to scale to an effective consensus even beyond that limit, using other methods we've been developing, and might discuss in a future blog post.

Hope you didn't sell, kiddos.

[Anonymous No.13923739]

>>13923464
thanks bro