Chainlink trying to insert themselves into the middle of the

Question

Ergo Platform

The Horticulturalist

Chainlink trying to insert themselves into the middle of the

pie. What could go wrong?

https://twitter.com/77MichaelR/status/1697746084569796964?s=20

#cryptocurrency #english #ergo

0

04.09.2023

3 ответов

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DiscordBridge

DiscordBridge
[ @cafebedouin ] Well, the issue with Chainlink is...

[ @dΣathgripson ] my biggest issue w them is that they always talk in conceptual ideas and present super high level explanations but then when it comes down to participation you can only be a high level user, which means its really centralized on the back end for whatever reason. so they always claim like yea we have a good oracle or cross chain solution but dont go into the caveats of it and dont encourage others to dig into it to figure out how it can be improved

0

04.09.2023

DiscordBridge

DiscordBridge
[ @dΣathgripson ] my biggest issue w them is that ...

[ @cafebedouin ] Seems like fair criticism. But, understanding oracles and trade offa probably requires at least an intermediate level of knowledge of how blockchains work. So, how to you get it down to simple ideas a new user is going to understand. It's hard. I try to write stuff that does this and it's not at easy task

0

04.09.2023

DiscordBridge · Accepted Answer

[ @cafebedouin ] Well, the issue with Chainlink is they are trying to be an oracle for a bunch if synthetic assets. But, the problem, as I understand it, is it represents a single point of failure. This may be okay in some contexts, like an oracle of results of MMA fights or something with relatively low value. But, as you move up the value chain, you want better security and assurances. I think this is the problem Ergo's Oracle pools are designed to solve. You can scale up or down based on your security requirements, but this is not an argument that is going to resonate with the retail block chain user in the same way as, we allow for cross-chain NFTs, which may be better suited to a different technology on Ergo, such as the Rosen Bridge.

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Chainlink trying to insert themselves into the middle of the

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