Anyone actually think they'll be much a difference in price

Question

WAGMI: Chainlink Community

DC

Anyone actually think they'll be much a difference in price

once staking opens?

#blockchain #cryptocurrency #english #link

0

04.02.2022

5 ответов

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DC Автор вопроса

Drake
Chainlink is not a monolithic chain, it is an ecos...

Good answer 🤙

0

04.02.2022

Michael

Drake
Chainlink is not a monolithic chain, it is an ecos...

So to my smoothbrain understanding, setting up a DON means your business defines a use case on what data is being offered in the DON and what underlying processes aggregates data from various sources and provide them in form as output that entities can use. By setting up the DON and delivering the data, you're vouching for the authenticity of said data. So if your DON sends out garbage, your reputation is gonna tank. Entities will send a request to your DON, demanding data and send you LINK in return. Correct?

0

04.02.2022

Drake

So a DON is made up of multiple nodes - more nodes for higher level of security - currently a good pricefeed has like 31 nodes~. So you could run a node and deliver your data, doing this reliably overtime will generate rep which means your node is going to be involved in more DON's facilitating higher value contracts. Later putting up higher level of stake as collateral associated to your node will enable you to participate in DON's that are processing those higher value contracts etc There are numerous scenarios here on how this can look as the goal of chainlink is to facilitate a framework that enables you to build for any usecase. 1st party nodes (you as a data provider run the node directly), 3rd party nodes (perhaps you just sell your data via an API to nodes that subscribe to it etc).

0

04.02.2022

Michael

Drake

So a DON is made up of multiple nodes - more nodes...

Thanks, I got the terminology DON mapped wrongly in my brain. Lol. Thanks for clarifying, fren.

0

04.02.2022

Drake · Accepted Answer

Chainlink is not a monolithic chain, it is an ecosystem of decentralized chain-agnostic generalized oracle networks without cross-dependencies and each DON will have its own economics based on the contracts the DON is facilitating which will depend on the reputation and staking collateral of the nodes within the DON. The Chainlink protocol/framework has no retail staking but provides the ability for 3rd parties to build and offer retail staking services and each of these services may offer varying returns for your stake. >what is a realistic price after staking goes live? Anywhere between 20 and thousands of USD depending on how long after staking release we are talking about. Chainlink staking is for actual real world use cases rather than ponzinomics and the value appreciation will take time to ramp up. Of course the team would not release staking if usecases were not lined up, so perhaps not over night but it will get moving and eventually go parabolic. CCIP DON's (releasing this year) would not be able to secure the value of CCIP powered bridges sufficiently without staking in a fully operational CCIP deployment - as one example.

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Anyone actually think they'll be much a difference in price

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