This little ERC677 token secures more funds then the GDP of fucking Luxembourg. Luxembourg isn’t some shithole, its fucking NICE.
WHAT THE FUCK. WHY?
ERC677 is a transfer and call protocol. You pay link, you get solid reliable data to your smartcontract. I can hear you now, midwits asking, “Oh why is that needed? I can call coinmarketcaps API”. The most common type of “hack” in DeFi, isn’t an actual hack. Its called a flash loan attack. Get a flash loan, half of which is used to short a massively illiquid market, crashes the price, other half of loan is used to buy back at lower price and repay the loan. Leaving you with a nice amount of profit. All of which takes place in one block. Some times seconds.
Chainlink stops this nefarious boomer stock market manipulation behaviour by using multiple data sources . All of which are decentralised. Who provides data? Some internet losers?
The list goes on, but you get the idea. This shit is secure. I mean real fucking fort knox secure. Fort knox is fuck all compared, security wise and value secured.
This little ERC677 token is blockchain ‘agnostic’. It can slut it up on every and any chain/L1/L2. Securing those sweet sweet funds.
Sol (mainnet q4)
You name an overhyped layer 1. ANY. ChainLink will be integrated and making shit work.
Hows this token going to get any bigger? Physical world adaption is coming. And I’m scared.
The blue plaid wearing philosophy grad (Sergey) has spoken and presented at Swifts annual conference Sibos. Twice. For the shitcoin buying dog coin enthusiasts, SWIFT is the messaging service your bank uses to transfer funds. They only deal with circa trillions of dollars a day. Oh and chainlink is ISO20022, the industry standard for financial messages.
But what real world company is going to be fucking about putting data onchain via chainlink when we are talking about trillions, not pathetic billions.
T — Systems (german IT branch of Deutsche Telekom)
Meteomatics (weather forecasting for Swiss Re)
Arbol (arbolmarket.com) <—- THIS SHIT IS THE INTERESTING GOOD SHIT
Google cloud (weather data)
Amazon Web services (https://aws.amazon.com/quickstart/architecture/chainlink-node/)
The list goes on…..
I’m going to pass out due to my massive erection…