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9752180 No.9752180 [Reply] [Original]

When will it take off and trigger the next bull run?

>> No.9752203

>>9752180
The LINK FUD is insane.

ChainLink is the first project of it's kind whose goal is to provide a decentralized oracle service.

Ethereum is currently worth $1,000 because it offers trustless smart-contracts. Smart-contracts are a way to program the money to do things that's guarenteed. An example would be Bob sends Alice 500 RCN instantly when Alice sends Bob 500 REQ.

But there is a major issue with smart-contracts. Smart-contracts can only access blockchain data. In order to access 3rd party (stock prices, gas prices,weather information, etc) they need an oracle. An oracle is a service that converts 3rd party data into smart-contract usable data. An example would be let's say Bob wanted to make a smart-contract bet with Alice on the outcome of the last superbowl. The oracle that provides the game data would pull the ending score information from Yahoo, Google, NFL.com, etc then send the information to Bob's smart-contract.

The problem here is that the oracle is centralizied, and both Bob and Alice would have to trust this single oracle, which could be hacked, to be providing correct data, and because of that there is no reason to be using a guarenteed trustless smart-contract if the data is not trustless.

This is where ChainLink comes in. ChainLink will offer decentralized oracles that provide trustless data. With this system if Bob and Alice wanted to create that smart-contract they could pull information from multiple LINK nodes, and confirm they are all providing the same accurate data. These LINK nodes themselves could then pull each of their information from Yahoo, Google, NFL, etc. Because the nodes are staked with LINK tokens, if one node is providing incorrect data they would risk losing a portion of their staked tokens. LINK nodes providing correct data will be paid in more LINK tokens.

I hope this explanation clears up what ChainLink does and why it has a massive use case.

>> No.9752213

Never, total shitcoin

>> No.9752236

>>9752213
Shoo shoo pajeet

>> No.9752237

sooner than you think. get ready for Enterprise Smart Contracts aka cryptlets

>> No.9752311

>>9752203
And that's why nobody is interested in it. Link solves nothing because instead of a product its made of a bunch of buzzwords.

>> No.9752367
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9752367

>>9752180
Look at the FUD. Its soon.

>> No.9752449

>>9752367
don't forget the Canadian Government

>> No.9752468

Someone needs to offend the market in order to trigger it.

>> No.9752502

>>9752237
>>9752367
They’re saying mainnet is far as fuck though

>> No.9753163

>>9752502
August-september the latest

>> No.9753196

https://www.sec.gov/tcr

>> No.9753208

>>9753163
According to..?

>> No.9753244

Fuck it, I’ve been on this board since last July and I haven’t bought link yet, the only direction this thing can go is up. Just bought 5k

>> No.9753264

>>9753208
Your mother

>> No.9753287

>>9753244
Based

>> No.9753288

They want the autists out so they will pump and the majority of biz will sell

>> No.9753304

>>9752180
I admit i've been fudding Link in various threads. But guess what, im a Link holder and im starting to doubt it's potential. There’s no way this is goin to 1000. Aint nobody testing on Ropsten or anything. I FUD it because i dont want nonbelievers to buy in but now there’s no volume and I can’t sell my bags!