Api3 general thread
Api3 general thread
Gabriel Wood
Nolan Harris
API3 will have staking before Chainlink. Mark my words.
Matthew Collins
I could bet all my apies that api3 will have staking before LINK
Ethan Bell
The issue with third-party Oracles. i.e. LINK, is - there will always come a time where node operators will be heavily incentivized to misreport data for their own private gain. In other words, they can make A LOT more money by providing incorrect data and benefiting from the fall out. Especially in the case of data feeds into large Defi projects. This isn't the case with API3, as there is no middle-man that could be incentivized to lie or cheat. Data source is connected directly to data requestor. Crypto was designed to eliminate trusted-third parties. This is the next logical step for data feeds into smart contracts.
The reason API3 is cheaper and more cost efficient than traditional oracles - because there are no hungry middle-men to feed. Hungry middle-men make the data more centralized, less secure and more expensive.
Jason Williams
lol at your api3 garbage, RLC does it way better
Ayden Martin
>there will always come a time where node operators will be heavily incentivized to misreport data for their own private gain. In other words, they can make A LOT more money by providing incorrect data and benefiting from the fall out
wut drugs are you smoking?
Charles Powell
RLC is arguably the standard for this work
Christian Barnes
look into RLC, its years ahead of API3
Nathaniel Baker
Please don't shill your 2017 coins. Every time it makes a new release, it dumps. Do you even remember what it feels like to be in the green?
Caleb Kelly
no but I know you’re a scammer.
And you’re trying to hard. Post your hand