Ok, I'm tired of all the memes and technical jargon. I'm a semi-brainlet with money and I'm willing to invest in LINK if someone can explain what the hell it actually is and whether or not it has a real future among other cryptos. I've made most of my money off XLM and XRP just by being a coat tail riding trend chaser.
So cough it up Jow Forums, what is LINK and why should I buy it?
link is garbage and solves a problem in such an un-unique way it could be implemented into *coin in a day.
David Bell
High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project.
The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.
/spoonfeed
Jason Hughes
It's a scam and will be worth somewhere between dog shit and a pile of garbage one day. Stay away. Xrp, trx and the others are a much better choice.
Evan Thomas
Hahahahaha
Isaiah Jenkins
>High value smart contracts (e.g. derivatives) need real world data from off-chain in order to execute. You need software called an oracle to fetch said data, parse it, and feed it to contracts of the blockchain. All oracles now are centralized, thereby negating all the advantages that come a decentralized blockchain. Chainlink is the only decentralized oracle project. >The LINK token itself is an ERC20 utility token. Nodes on this decentralized oracle network will be rewarded with it for serving up data to contracts on chain. It will also be staked in nodes for use as collateral/penalty in the case that it feeds a contract bad data.
Probably the most overlooked breadcrumb is that Lawyers are working on making smart contracts legally binding. In order to due so they are showing the legitimacy of decentralized oracles. Imagine, if smartscontract are to be legally binding if the input data came from decentralized oracles. If this happens Chainlink will be attached to every smartcontract powering the smartcontract economy.
$1000 EOY
Camden Johnson
So derivatives, which function damn well atm, need CL to function well ? Ask your school your money back.
Daniel Hughes
You're a lazy brainlet, too. Learn what a smart contract is. Learn how trustless systems work. Learn how to get data from trusted sources into trustless systems while maintaining trust. (Hint: you can't) Learn what coding is. Learn what middleware is and what it's currently used for. Learn what ChainLink is. Invest in ChainLink. It's now $350 because you're retarded (see no. 1 above) and took too long. KYS.