Hello Quick question: At a concept level, we know what CL does. So

Question

Hello Quick question: At a concept level, we know what CL does. So

apart from servicing smart contracts, can we say that essentially the job of Oracles is to essentially feed all / any data to the Web 3.0 ecosystem?

#blockchain #chainlink #cryptocurrency #english

0

14.04.2022

8 ответов

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Anarchist Автор вопроса

Josh
There are some blockchains that have limited smart...

Sorry if I'm being dense. I think what I'm trying to understand is, would Chainlink itself not have utility outside smart contracts? In other words, if for some bizarre reason smart contracts fail at adoption, would that render CL redundant?

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14.04.2022

Genghis Jhan

Anarchist
Sorry if I'm being dense. I think what I'm trying ...

Yes If, theoretically, eth/Ada/bsc + every other public and private smart contract enabled blockchain that exists or will ever exist - Had 0 users of smart contracts Then chainlink would be useless Chainlink is a key ingredient in this adoption of SC’s, and therefore is reliant on it happening to ultimately grow

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15.04.2022

William

Genghis Jhan
Yes If, theoretically, eth/Ada/bsc + every other p...

Your point is well taken but that's like saying what if boxes didn't exist, would that make the postal service useless. Smart contracts are still a nascent technology but we're not talking speculative use case. Meaning legacy players are working towards adopting smart contracts etc

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15.04.2022

Genghis Jhan

William
Your point is well taken but that's like saying wh...

Yes absolutely agree Just wanted to answer that guys question directly For all intents and purposes that theoretical scenario is largely impossible

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15.04.2022

Anarchist Автор вопроса

Genghis Jhan
Yes absolutely agree Just wanted to answer that gu...

Thanks. My broader concern around asking that question is just to widen my understanding of the 3.0 ecosystem. As we move towards a blockchain world, what other use cases are we foreseeing beyond smart contracts? And since CL is a framework for oracles, then it essentially becomes the data feed of the 3.0 world. But again, SC cannot be the only use case for CL in the 3.0 world now can it?

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15.04.2022

Genghis Jhan

Anarchist
Thanks. My broader concern around asking that ques...

Frankly everything that is relevant regarding blockchains is accomplished via smart contracts.

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15.04.2022

Anarchist Автор вопроса

Genghis Jhan
Frankly everything that is relevant regarding bloc...

Interesting. In that case any data that must be brought on chain from the off chain world would need to be useful for smart contracts. Unlike what I thought before, it's not that you'd simply have retrievable info on 3.0, as let's say one does a search today on Google

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15.04.2022

Josh · Accepted Answer

Josh

There are some blockchains that have limited smart contract capability, but as far as I know most if not all use smart contracts to varying degrees.

0

14.04.2022

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Hello Quick question: At a concept level, we know what CL does. So

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