> This is the first official CLG - ChainLink General! Let's keep all our ChainLink related posts in this thread, instead of making many new threads :)
------------------------------------------ pastebin.com/6xcsc2jR ------------------------------------------ CHAINLINK VIDEOS: youtu.be/MfH1B85YyFU — Sergay Q&A youtu.be/1nmLU284fIk — Interview when he was NXT Secure Asset Exchange CEO, talking about Smart Contracts (2014) youtu.be/nMlpTgxKtAY — A technical overview of ChainLink, the decentralized oracle platform. ----------------------------------------------------------------------------- LINKS: github.com/smartcontractkit/chainlink — the github chainlink-docs.smartcontract.com/#installation — The ChainLink API documentation. link.smartcontract.com/whitepaper — Whitepepper ------------------------------------------------------------------------------- Additional Information: Ari Juels is a faculty member at the Jacobs Institute at Cornell Tech. He co-authored this work in his separate capacity as an advisor to SmartContract ChainLink Ltd., in which he has a financial interest. In 1986, MIT’s Technology Review Magazine named Dr. Juels one of the world’s top 100 technology innovators under the age of 35. Computerworld honored him in its “40 Under 40” list of young industry leaders in 2001. He has received other distinctions, but sadly no recent ones acknowledging his youth. — arijuels.com/
Chainlink is partnered with Cornell's IC3, to help launch the first Intel SGX secured link between smart contracts and external data. This more secure way of running an oracle is the future and they're glad to be moving it forward. — create.smartcontract.com/#/contracts/cc3ea3c76b5a60f171e0eaf223146f34?tab=info
Chainlink has been chosen as a 2018 Blockchain Applications Cool Vendor by Gartner. This validates the value that CTOs and CIOs see in our more secure approach to connecting smart contracts with critical external resources. — gartner.com/doc/3698947/cool-vendors-blockchain-applications-
Chainlink is presently working with SWIFT on their own SWIFT Smart Oracle. Allowing smart contracts on various networks to make payments, send governance instructions, and release collateral with over 11,000 banks. — slideshare.net/slideshow/embed_code/key/HJglipax9KmMPx
PSD2 is the primary reason I became involved with ChainLink and co-founded this subreddit. For context, I work in the Financial Services sector in the EMEA region, and I can tell you it is all about PSD2. In 2019, every European Financial Institution must provide API support for payment initiation and account enquiry made by the incoming onslaught of new Fintechs. The banking landscape in Europe will change radically in a short period as Europeans begin to take advantage of the latest technology offered by Fintechs to meet their banking needs in today's world. Blockchain technology has come along at precisely the right time, and DLT has become almost as big of a buzz-word as Fintech itself. Also, in extraordinarily good timing comes ChainLink, a service that bridges the gap between Fintechs using DLT and Financial Institution APIs. Behind the shiny new APIs lies the prize that SmartContract have evidently positioned themselves on - legacy payment systems that will accept nothing but the payment formats they were originally designed for. This format is likely to be the new (actually >15 years old) ISO 20022 XML format. Any Fintechs wishing to make use of the new APIs can bet for sure that the Banks will not be converting formats on their behalf and instead will need to submit instructions in ISO 20022 format.
Through their PoC with SWIFT, ChainLink has proven themselves as being capable of not just bridging the gap, but supporting the very formats that will run the post-PSD2 banking world. There is a lot of speculation since the PoC about a partnership with SWIFT. For me, SWIFT has already given ChainLink something very valuable; a platform on the closed stage of the Financial Services Industry. SWIFT is seen in the sector as the keeper and enforcer of best practice for financial messaging standards so when Fintechs and Banks decide which Oracle services to use, ChainLink stands poised as a service made credible by SWIFT. It's important to note that after the introduction of PSD2 APIs, Banks and Fintechs will not require SWIFT's telecommunications to communicate and therefore can work directly with ChainLink to connect to on-chain/off-chain data. Often people suggest firms will just build their own oracles, but the reality is Banks will not be providing this service as, unsurprisingly, they aren't going to make the job any easier for 3rd party Fintechs. Meanwhile, Fintechs are often brand new companies who are not going to be spending their start-up funds re-writing Microsoft Outlook just because they can - they will simply engage with the industry standard oracle; ChainLink. As you can tell, I am bullish about ChainLink. Often in crypto, the old saying about how the guy selling shovels in a gold rush is the one to get rich. Well, I believe PSD2 is another gold rush and ChainLink is the first in the door selling the shovels, the diggers, and the whole wash plant.
noticed a lot of you guys didn't know what ChainLINK would be actually useful for or get too hung up on the "banking" premise that was shilled a lot on Jow Forums. Let me explain the TRUE merit of ChainLINK. Bitcoin was the first decentralized currency that was trustless in nature. Ethereum was the first decentralized smartcontract service that was trustless in nature. ChainLINK is the first "bridge" between real life data and crypto that is decentralized in nature. What does this mean? ChainLINK can take real time datastreams like Sensor data/non-crypto financial data such as real time interest rates etc and combine it with smartcontracts. What this does is create tremendous potential wealth and make businesses possible that weren't possible before ChainLINK existed. Let's look at the examples of how ChainLINK could be used in real life with one thing that is already confirmed. A startup called Confido wants to make a payment and delivery system where they will use real time data from the delivery service's sensor system if a package actually arrived or not. When the sensor data confirm that the package is arrived a smart contract will automatically pay the vendor of that package automatically. This type of service would be impossible without ChainLINK if you'd wanted to make it trustless without 3rd party meddling.
Other potential things that could be done ONLY with ChainLINK. Trustless Gambling Racehorses gets sensors in them whichever reaches the finish line first gets their data send to ChainLINK which then through smartcontract pays out everyone that betted on that horse. Online gambling where the roulette has sensors in every landing place and automatically pays out to whomever betted on that automatically through ChainLINK. Trustless Insurance,Trustless Warranty When you have a car it could automatically send it's realtime data like speed,GPS position and miles driven to ChainLINK. And it could in real time change your insurance terms based upon your driving behavior and if you crash your car pays out (or not) automatically based on these sensor data without needing a third party. Same for Warranties. If the sensor data shows the warranty should apply it could automatically pay the party or if it is voided it automatically voids the smartcontract. Connecting all currencies ChainLINK can actually be used to link different currencies such as dollar,euro,yen with all different cryptocurrencies and each other. Because you can input real data into it you could make it so that banks could "lock in" things like "Bank A coin=$5" and based upon how much other coins are worth in real time feeded to ChainLINK would make it possible to buy "Bank A coin" with ALL different cryptocurrencies even though they only accept dollars.
Last but not least New bank shattering application You know when you pay for something and you don't want to use your creditcard because of fees? So you go and do a wire transfer straight from your bank to another one. But then you usually have to wait a couple of days or even a week if it's international and you are unlucky. Well. ChainLINK is the solution to that. A bank (or third party application) could just feed the information from Bank A that you made a wire transfer to Bank B. And then through ChainLINK combining that data with a smart contract Person that has Bank B account gets paid that money immediately and so the vendor/friend/whatever that uses Bank B knows that he got paid even though he hasn't received the money yet and thus can give the guy from Bank A his goods/whatever immediately. Thus cutting out Creditcards/Wire transaction time and everything WITHOUT having to use cryptocurrency per-se as the end user. THIS is why LINK is the most talked about coin on Jow Forums since ETH. Because it'll be a game changer.Sure you can say "There is no guarantee it will be adopted" or "Why won't every of those businesses not just program their own solution". But I could say the same thing about ETH "What if smartcontracts won't get adopted?" "Can't companies not just program their own smartcontract services?" The answer is NO. Because the value is added due to it being DECENTRALIZED. There is no third party that can meddle with the transaction. It's all real time based on sensor or other outside information which gives security to the users. I hope some of you understand the potential of LINK some more right now.
>Ari Juels is a faculty member at the Jacobs Institute at Cornell Tech
He's also co-director of the InitC3 alongside Emin Gün Sirer who's also from Cornell.
Emin Gün Sirer was the one who told the world about the new Team Rocket consensus algorithm.
Team Rocket is Ari Juels, Emin Gün Sirer, Sergey Nazarov and Steve Ellis.
The Team Rocket consensus algorithm will be part of the reputation system in Chainlink.
Nathaniel Torres
Very comfy thread, thank you frens
Ayden Morales
team depends must be seriously concerned to put so much time and thought into this thread after a succession of blunders all self inflicted that their hypnotized acolytes may actually abandon them
Daniel Cruz
Per Thomas, the team is working on things in private repos that exist outside of the scope of nodes. The scope of Chainlink nodes are their independent functions, not the systems that exist outside of the nodes themselves, and the reputation and consensus mechanisms appear to be just that.
From the whitepaper:
>Off-chain, ChainLink initially consists of a network of oracle nodes connected to the Ethereum network, and we intend for it to support all leading smart contract networks. These nodes independently harvest responses to off-chain requests. As we explain below, their individual responses are aggregated via one of several possible consensus mechanisms into a global response that is returned to a requesting contract USER-SC.
>The Reputation System proposed for ChainLink would record and publish user ratings of oracle providers and nodes, offering a means for users to evaluate oracle performance holistically.
CENTRALIZED THREAD ABOUT DECENTRILIZED ORACLES about damn time
Lucas Reed
Fuck off biz We don't care about fake news Unless Link has price action keep its name out your faggot mouths
You don't know where this coin is going and neither does the stupid whales holding it. What we do know is this coin does not perform well. Does not have marketing....which you know raises the price. Does not have a large team etc.
Stay deluded , the top was 1.20 You missed it
Aaron Johnson
^ i cant' see this post
Jason Murphy
fuck off. I still need to accumulate. we dont need a thread like this right now
alo there is nothing confirmed. Like usual you fucker come up with alex jones tier connections
James Smith
>2022 >no news from LINK in years >Sergey has been MIA for years >LINK sitting around $0.05, sell orders have been sitting stagnant for month, some years. >it is assumed to be a dead coin, LINKmarines feel defeat >One rainy Sunday >you sit at home, checking your Binance. >your LINK has sat on exchange this entire time, because it was less than 0.0001BTC the balance was hidden and you didn't even think of it >Sergeys voice, echoes in your mind for some reason >"It has come, my child" >instantaneously sell orders begin to fill, new buy orders fly in at a rate the servers can barely handle >LINK instantly jumps to 0.10C, you think it must be another p&d, volume has been under 1btc for months >LINK hits $0.25 within seconds >"this is no P&D" >within 90 seconds, LINK has a market cap of over $150B USD >instantly USDT and TUSD listings appear, only adding fuel to the fire >LINK sits at $175,000 per token within an hour >you sell >life is good
Justin Torres
>The Reputation System proposed for ChainLink would record and publish user ratings of oracle providers and nodes, offering a means for users to evaluate oracle performance holistically.
They're also designing it to allow for multiple reputation systems too which is a neat architecture. Sergey and co won't be responsible for maintaining the de facto reputation set because other actors could establish their own reputation systems and Chainlinks could point to them instead.
Leo Sanchez
you know how it is, some of them always slip through, gonna fix it now.
>alo there is nothing confirmed there is lots confirmed if you know how to read between the lines.
Lol he is ban evading again >make up drama in their telegram >post CONSTANTLY (it is even in the screenshot lel) some fud to the point even good guy mods want to ban you >cry on Jow Forums about it like he cried about being banned from discord Report him for spam and ban evasion
Noah Sanders
I thought you accused me of having a Jow Forums pass so i could use a VPN? How would i be posting when Jow Forums passers can't evade a ban?
Not too bright are you!
Aaron Nelson
>link is gay fuck off
Nazis confirmed gay. Checked.
Brandon King
>Trustless Gambling Racehorses gets sensors in them whichever reaches the finish line first gets their data send to ChainLINK which then through smartcontract pays out everyone that betted on that horse. Online gambling where the roulette has sensors in every landing place and automatically pays out to whomever betted on that automatically through ChainLINK.Trustless Insurance,Trustless Warranty When you have a car it could automatically send it's realtime data like speed,GPS position and miles driven to ChainLINK.
Cool.
Xavier Edwards
>Warlord !1GS3StGNTw your post makes sense now, manchild
That is so weak. The 'features' page has now been taken down because it was brought to these companies attentions that their logo was being used without permission.
1) Click here : smartcontract.com/features 2) Now try to find a logo of any companies on the SC.com web site.
Henry Adams
those discord autists shitposting in every LINK thread is getting really tiring. hard to filter them, too.
can you stop spamming this in every FUCKING thread? FUCKING MODS DO SOMETHING
Adrian Nelson
by one digit and you get dubs in your id lmfao
Isaiah Allen
forgot your trip and name, also to switch your vpn
Liam Thompson
Not decentralized
Christopher Foster
How could i have forgotten both the trip and a vpn. Think about that for a minute and realise how fucking stupid you are....
I forgot to put my trip back on after posting something I didnt want in another thread to be shit over. Why the fuck would would what I said need to be switched to a vpn? Fuck you people are so stupid and brain dead. This is how i know chainlink has no fucking hope with morons like you backing it.
^ i can't see the post above this post or the fourth post above that post
Dylan Jenkins
JUUUUUUust shut the fuck up you whiny little bitch... ironically I know this is doing the opposite since you're just a child seeking for attention
Tyler Hughes
>Whines >Calls other person a whiny little bitch
Self psychological projection is a bitch. You need to look inside and see what is making you feel like a faggot. then kys
Colton Edwards
you are a massive faggot. k y s
Brandon Reyes
^ i can't see this post either
Aiden Cox
Hm, well place your ego aside for a moment and let's seriously discuss this so you could understand why a vpn switch might have been tactical for you.
The thing that is bothering you is that these posts are all spamming how they are filtering your posts, correct? That would make you part of the root cause of this issue, which isn't entirely your fault, it's just a thing that happens, you're free to post with a trip here. However, while appealing to a mod to do something about it, it would benefit you to switch up your user tag as they are less likely to help if you are perceived as the source of this issue.
The fact you are so bothered by it is telling. There's no way for me to know your true intentions, or whether you actually forgot anything at all. The only thing I know for sure is that you insulted me for my presumption, which shows your ego is hurt. You are the only one who knows the truth to why you forgot your trip. I hope you can find comfort in your own truth, rather than defending it here.
Benjamin Nguyen
I guess choosing my words wisely is more of a bitch to me.. i really don't get why you're making such a big deal out of your persona on an anonymous image board.
Jaxon Gray
Of course they've been working on it since before Ethereum was a thing. Sergey is Satoshi.
Jeremiah Lopez
^ i can see this post
Austin Gonzalez
tldr
Sebastian Brooks
^ can't see this one though
Charles Price
>What make you better than ChainLink?
>U-uhh..well we can answer t-that later...
haha fucking kys pajeet nigger
Leo Hughes
Its not about accumulation at this point. Something is triggered in their brain that makes them want to FUD. Its a fetish. While they type out the most ridiculous, low-tier FUD with one hand, the other hand is slowly pulling at their small penis. They will spend hours doing this, continually bringing themselves to the edge numerous times. They are the textbook definition of basement dwelling NEETs, so they could do this for days on end, fueled only by Monster, and nobody will question where they are or what they are doing, because nobody loves them or cares about them.
They have gotten to the point that the FUD isn't even as good as it once was. They don't take the time to think hard about it anymore, because they just want to hurry up and post anything to make their little dicks hard.
Jeremiah James
I got the dubs you wanted in another thread. Not reading it is your problem, not mine, I expressed what I perceived and am now free of it. Anyway, if you're stressed it might be a good time to take a break from biz and watching your link stack. I haven't figure out the science behind it but investments actually perform better when the individuals are taking good care of their mental and physical health. Must be some next level physics shit.
Anthony Foster
I dont care about fucking faggotry dubs or numbers on a Vietnamese spouse abuse img forum. Not once will you see me saying "checked" or "dubs" like some fucking stupid little bitch teenager. The fact you are making comments on this says more about you than me..
Anthony Taylor
go back to > you fucking faggot no one gives a shit about your name fagging here.
