Blockchain
By James Thorp
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Sergey Nazarov, Chainlink's ability to provide timely and accurate updates through extreme network congestion is due to existing crypto-economic guarantees.
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Chainlink Labs: “The scheme we’ve decided and thus the term super-linear has some strong and I would even say counter-intuitive properties.
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Let me explain what I mean by this. Imagine you’ve got an oracle network with, say, 10 nodes, and each of them stakes a million dollars.
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The idea is to pay each node just over a million dollars to lie in its next report 10 x 1 million is 10 million dollars, but in our staking mechanism design, an adversary would…
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If there are, say, 35 nodes, an adversary would need not 35 million, but 35 squared times a million, which is a little over a billion.
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In other words, you get a real bang for your buck in terms of economic security. It also means that the bigger an oracle network gets, the more the cost of economic security drops.
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Sergey also points to how enabling reforestation and the restoration of various ecologies around the world is just one application of hybrid smart contracts.
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Users were wondering: Even individuals could be given an incentive to help the environment, using real-time smart contracts to pay them after making a carbon-neutral…
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About integrations, The Chainlink network powers an extensive collection of ready-made oracle networks that provide dApps with highly-secure market data.
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