Ergo seems like real a competitor of Chainlink. Oracle Pools are currently developing by Ergo, check this out:
Ergo - Is this real competitor to Chainlink?
Tyler Anderson
Other urls found in this thread:
twitter.com
github.com
ergoplatform.org
ergoplatform.org
twitter.com
Parker Cruz
Here is link to github:
github.com
Ryder Perry
How much can this reach?
Robert Gutierrez
Only 20m circulation supply, all hype around oracle/defi, and looking at the team, it deserves 200m market cap for now. 40-50x easy from here and possible 100x
Asher Hughes
Ergo Vs. Chainlink:
1. Oracle pools provide greater sybil attack resistance and general assurance because the individual oracles part of the pool willingly co-ordinate and come together in order to launch their oracle pool. ChainLink’s more individualized approach to oracles tied with a bidding process is akin to hiring mercenaries/thugs who have no allegiances and are prone to mutiny at the drop of a dime if it benefits them (and in this case you can’t tell if the different groups of thugs you’ve hired aren’t actually conspiring together and/or the same person). Oracle pools in this point of view, can be viewed more as a cooperative of oracles who know each other and have aligned incentives together with a common goal. They are significantly more likely to perform their job as expected, but if they don’t, disincentives and governance are in place to ensure they are severely penalized and removed. This is a shift in core philosophy of how oracles are chosen with a focus on using market dynamics between competing oracle pools, rather than competing individual oracles. And with this, a lot more assurance is provided to end users.
2. Thanks to extended UTXO, Ergo can construct arbitrarily large oracle datapoint hierarchies of confidence easily which make it possible to have pools of pools (continuing to higher tiers as well) and thereby scale accuracy upwards at the cost of price/speed. This isn’t possible with ChainkLink’s design, because oracles are inherently sole actors, and there is no design for aggregating aggregators, and having that scale. Furthermore, the lack of the UTXO model prevents such hierarchies from working well at all. The accumulation of data upwards through the hierarchy and the dispersal of funds from the top downwards are both an order of magnitude more complex to perform (and likely more prone to bugs/errors), which translates to higher costs and making it an open question whether it is viable at all on an account-based model.
Charles Wright
Damn, this is awesome. It is definitely Chainlink competitor.
Christopher Morris
user, you are based. LINK Marines are going to shit on their pants now. This shit has a real potential to out compete LINK in oracle domain.
Dominic Brown
This is real shit. This is not like band, or dos fucker scam. This is real deal and being developed by top devs and university scholars.
Nolan Sullivan
How to buy this?
Brayden Thompson
I did all the research and still accumulating. I will post all the breadcrumbs here. Let’s take this to the moon.
Jackson Wood
3. Oracle pools have multiple approaches for incorporating governance (ChainLink has none). Furthermore oracle pool governance is very flexible and has a stronger impact than ChainLink’s passive reputation system. This means that oracle pools can use internal governance where individual oracles (who all have a game theoretic incentive to act well in order to earn money) vote on parameters/the list of oracles, or an external governance DAO which distributes the responsibility to a large number of DAO members can be used too. Due to the longevity of oracle pools, an external reputation system isn’t required, but instead direct action can be taken through the governance mechanism to immediately improve the quality of data and remove bad actors. This direct approach provides immediate effects which has a much greater impact for the end-user (furthermore a reputation system can still additionally be built on top if so desired, where if any oracle is kicked out of one pool their global reputation decreases).
Jackson Kelly
Hotbit, Coinex, probit.. it will be listed in top tier exchanges soon.
Lucas Cruz
Another breadcrumb: Ergo is founded by Alex Chepurnoy, who was a cofounder of Smartcontract.com (Chainlink) and worked with Sergey before. Check Alex’s bio in his tweeter account. This is fucking huge.
Oliver Foster
I am not done spoon feeding you anons, beside Oracle, ergo will have dex (this is beat uniswap) and stable currency:
ergoplatform.org
ergoplatform.org
Cooper Torres
Based user! Great job. Keep spoon feeding us.
Kevin Cruz
Yes, will do. Let me buy more first lol
Kevin Murphy
KEEP IN MIND THE CEO OF ERGO WAS ALSO A COFOUNDER OF SMARTCONTRACT.COM
Alex Chepurnoy
Adrian Lewis
It's for fucking cardano lol
Jonathan Scott
Yes, user.
Juan Campbell
Nope. It’s for Ergo first, do your research first.
Jose Lewis
Alex is going to kick Sergey’s ass!
Isaiah Ortiz
lmao look at this Russian self shilling his shit
Connor Sanders
Lol! Get your bag before too late. This is in moon mission. Check dos, zap, band what happened? This is much bigger and better than them, can actually complete with Chainlink.
Samuel Carter
You think Alex will shill here in Zig Forums? Stay poor!
Brayden Fisher
>can actually complete with Chainlink.
haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahahaaha
Hunter Perez
HAHAHAHAHAHAHAHAHAHAHHAHAHHA
Kevin Bennett
Lot of room to grow user. Band was in same position like 3-4 months ago.
Andrew Torres
7m market cap. Oracle pool. Chainlink competitor. I am sold to the idea. Sold my last linkies and bought this shitcoin. I am here to make money. Not married to any coin. This shitcoin will fly like all oracle coins are doing right now. A no brainer indeed.
Luke Hughes
>RANK 578
>FIVEHUNDREDSEVENTYEIGHT
>FIVE
>SEVEN
>EIGHT
HAHAHA
Carter Peterson
Fucking based. Let’s go to the moon
Jaxson Cox
Keep laughing, matter of time and it will be top 100.
David Reed
Whats the link between cardano and ergo? here them mentioned in the same circles.
Jack Evans
Is this legit ? Missed out on all those DeFi / Oracle projects...