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WAGMI: Chainlink Community WAGMI: Chainlink Community
Anthony-Cox

Can someone explain why Chainlink is still running on ETH

when the fees are so expensive. Link does thousands of mini transactions providing info to the ETH network how does it do this in a profitable way?

#blockchain #cryptocurrency #english #link
0

14 ответов

13 просмотров
Genghis-Jhan

Chainlink runs on many more blockchains than eth sir. Eth is just one.

0
07.01.2022
Anthony-Cox Автор вопроса

Ok but how does it get around the crazy ETH fees when it could run on Hedera for micro cents

0
07.01.2022
David-
Anthony Cox
Ok but how does it get around the crazy ETH fees w...

Chain agnostic, you havent done any research, have you

0
07.01.2022
LinkFarmer-

It's Blockchain agnostic, it runs on any chain that needs it's services

0
07.01.2022
Anthony-Cox Автор вопроса
David
Chain agnostic, you havent done any research, have...

Why do you think I’m asking the question

0
07.01.2022
Michael-(Will not DM)
Anthony Cox
Why do you think I’m asking the question

https://docs.chain.link/docs/off-chain-reporting/

0
07.01.2022
Doug-E.F
Anthony Cox
Ok but how does it get around the crazy ETH fees w...

The token is also bridged to other networks to be used as node payment on those network, I believe.

0
07.01.2022
Anthony-Cox Автор вопроса

Does it pay its fees to each network or only on ETH

0
07.01.2022
LinkFarmer-
Anthony Cox
Does it pay its fees to each network or only on ET...

People pay fees depending on the chain. So polygon fees for link are much cheaper per call than on eth

0
07.01.2022
Anthony-Cox Автор вопроса
LinkFarmer
People pay fees depending on the chain. So polygon...

Ok gotcha so fees are not only paid in ETH

0
07.01.2022
LinkFarmer-
Anthony Cox
Ok gotcha so fees are not only paid in ETH

Exactly, it's much cheaper to run link node depending on the chain

0
07.01.2022
Genghis-Jhan
Anthony Cox
Ok gotcha so fees are not only paid in ETH

Chainlink node fees are exclusively paid in link Gas fees are paid in whatever the chain demands

0
07.01.2022

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