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/biz/ - Business & Finance


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14454285 No.14454285 [Reply] [Original]

>CHAINLINKS OFFICIAL WEBSITE AND TWITTER:
https://chain.link/
https://twitter.com/chainlink?lang=en
>WHAT IS CHAIN LINK?
Chainlink is used to bring real world data into a blockchain to be used in smart contracts through the use of API's.
>WHAT IS A SMART CONTRACT?
A smart contract is a digital contract that is tamperproof and forced to operate the way it is programmed to.
>WHY IS CHAIN LINK IMPORTANT?
Chainlink is using decentralized oracles to bring data onto blockchains. The nodes that use the link token operate on accountability to provide reliable data.
>WHAT IS THE PURPOSE OF THE TOKEN?
The token is staked in a node to gurantee that the correct information is provided to the smart contract.
>WHAT IS A THRESHOLD SIGNATURE?
When setting up a smart contract, the user can select 1, 5, or 1000 nodes to provide the data. to reduce costs to contracts, thresholds can be established across the link nodes to come to a consensus of correct data. this enables the user to select one node while potentially using thousands.
>WHAT CAN ALL THIS BE USED FOR?
Smart contracts will soon help many fields operate more effeciantly including: delivery, insurance, derivative, stocks, medical, ect.. Link is bringing the data from API providers into these contracts.
>CONFIRMED PARTNERSHIPS AND USERS:
Google, Oracle, Accord, Swift, Gartner, and many others listed here:
https://enclaveresearch.com/chainlink-partnership-list/
>CURRENT RUMORS AND UPCOMING RELEASES:
Microsoft Azure
Coinbase trading for NY state
SIBOS
Version 0.6.1 https://www.pivotaltracker.com/n/projects/2129823/stories/166939322
>WHERE CAN I BUY LINK?
COINBASE (EASIEST)
BINANCE (NON-AMERICANS)
HUOBI
IDEX
>WHERE CAN I STAKE LINK?
https://staking.linkpool.io/dashboard
https://www.nodepool.link/
>HOW CAN I RUN MY OWN NODE?
https://docs.chain.link/docs/running-a-chainlink-node
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca for wallets and transactions

>> No.14454336

>>14454285

Bout time, mods can we sticky this?

>> No.14454359

>>14454285
Wew nice OP. Lots of great information.

>> No.14454389

But when do I make thousands and thousands of dollars?

>> No.14454395

Genuinely sad I didn't get into this last year when it was $0.10. Is it too late? Feels like it's too late.

>> No.14454401

Will there be another rally when NY state are allowed to trade LINK??

>> No.14454418
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14454418

This board is for the discussion of topics related to Sergey, Chainlink, oracles, McDonalds, (including Big Macs), plaid shirts, etc -- as well as topics relating to starting and running a Chainlink node.

Discussions of non-Link coins must be strictly limited to their own threads (forgot to mention, LINK $1000eoy). Discussions of a political nature should be posted on >>>/pol/. Global Rule 3 is also obviously in effect.

Note: /biz/ is NOT a place for ADVERTISING or SOLICITING. Do NOT use it to promote your business, ventures, or anything you may have an interest in. Anything that looks remotely like advertising or soliciting will be removed. Begging/asking (including tipping) for cyptocurrencies or asking for money/capital is also strictly forbidden. Want to advertise? Buy a banner /biz/ targeted banner ad: https://www.4chan.org/advertise?selfserve

>> No.14454428

I only have 1k linkies bros.. am I going to make it?

>> No.14454434

>>14454285
>CHAINLINK GENERAL /CLG/
>on http://boards.4channel.org/chainlink

>> No.14454454

>>14454285
>CHAINLINK GENERAL /CLG/

Buddy the entire board is /clg/

>> No.14454468

>>14454401
Yes, as we know most wealthy people keep the majority of their money in the famous tax haven called New York City

>> No.14454502

>>14454428
obc, you just might have to wait a tad longer than those who have more tho.