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Fair enough. Chainlink’s solution to the consensus problem is to have a large number of independent sources of real-world data for any variable. This redundancy
by lowkey 5y ago
Fair enough. Chainlink’s solution to the consensus problem is to have a large number of independent sources of real-world data for any variable. This redundancy makes it difficult for a single or a few bad actors to collude to mis-quote.
To your point though most of Chainlink’s current activity is tied to crypto-asset prices, not the broader use cases mentioned (such as weather oracles). I suspect this is due to the more lucrative short-term returns available from speculation vs other use cases.
I love the potential of crypto but would like to see more real-world use-cases. I suspect they will come in time and that short-term speculation is the use case to drive adoption.