I think one of the common misconceptions is that Chainlink is itself is an oracle. I don’t believe this to be the case, at least at its core. As Sergey alluded to on the recent oracle panel discussion at EthDenver, it’s a general framework for connecting oracles with smart contracts. This is why it is called a decentralized oracle network not an actual oracle. I’m not calling Chainlink the next Amazon or Uber, but the general framework of Amazon and Uber is similar to Chainlink. Amazon doesn’t sell anything, but it provides a general framework for people to sell their goods. Uber doesn’t buy cars or pay drivers either. They both match buyers/passengers and sellers/drivers and keep a reputation system so people can use when trying to figure out who provides good products and who doesn’t. They also provide the framework for facilitating the contract between the two. Chainlink in that regard provides a general framework for some entity with data to sell it directly or for an oracle service to facilitate it for you. The reputation system keeps track of metrics so users can judge oracles and the service agreement contract makes sure they can both trust each other. Chainlink is not just providing basic oracles, but allowing people to offer a wide range of features, such as direct API connection, usage of TEEs, requiring deposits, multiple data sources, multiple oracles, added off-chain computation, and much more that is probably not even announced yet. So in conclusion, I think it’s important we start to visualize Chainlink as a framework for facilitating oracles and smart contracts as opposed to an actual oracle. I think when we look at it like this, most oracle competitors would chose to build on Chainlink if the network effects become large. Just like Amazon, you can chose to sell you oracle on your own website, but Amazon network effect are so big that you simply have to use it today if you want to succeed
ChainLink is the Amazon of oracles
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>Israel has no right to exist.
And that's where I stopped reading.
You can also call it a library or archives of oracles.
chad alert the chad in the back got a finely chiseled jaw
Sergeys alpha aura gave that Chinese Indian the courage to drop the hand. Truly he was blessed.
Based. The only other thing to add is that it looks like they will offer one oracle, Town Crier, which happens to be the best implementation of TEEs to date.
>tfw no qt 3.14 gf who wears a chainlink t shirt and personally knows Sergey
Why even fucking live
Sergey permanently looks like a cardboard cutout
your loose butthole looks like a cardboard cutout.
Sergey is the same width as 2 of his work collegues