API3 + Ergo + Emurgo + Cardano will kill it in 2021.
Team built the Honeycomb API Marketplace using Chainlink as the underlying infrastructure, operated 6 Chainlink nodes simultaneously, not counting the redundancies (4 for Honeycomb, 2 for Chainlink), and maintained the highest response ratio on reputation.link. You can be sure they know how much BS Link has and how to build a superior Oracle tech.
"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)"
So each node is governed by who controls the pool in the node. If you can reach 51% of the total node pool you can then change the governance and provide false data to scam whoever you want. This means each pool will require DOUBLE the amount of collateral as chain-link to prevent this.
Nathan Thomas
Debunked. Link has already won
Josiah Ward
>chainlink killer This is bullish for Chainlink
Hunter Reyes
Stfu burak. You’re a faggot
Carter King
>town crier >DECO >SGX It’s a good thing API3 has these 3 necessary components of operating a useful oracle protocol. Oh, wait...