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People often ask if $LINK is limited by $ETH's 15TPS?
#Chainlink is a blockchain agnostic oracle framework meaning it is NOT limited to the throughput of any one ledger
Off-chain data can be processed in parallel in many different oracle networks and delivered to any blockchain
#Chainlink is a blockchain agnostic oracle framework meaning it is NOT limited to the throughput of any one ledger
Off-chain data can be processed in parallel in many different oracle networks and delivered to any blockchain
The $LINK token can be bridged to any other DLT (permissioned or permissionless) enabling native Chainlink support without being subject to Ethereum's transaction speeds
This means Chainlink networks can operate as fast as the underlying L1 blockchain or even any L2 solution
This means Chainlink networks can operate as fast as the underlying L1 blockchain or even any L2 solution
Yes you heard me right, Chainlink natively supports every Layer2 solution that exists today and into the future
This includes Plasma Sidechains, State Channels, ZK/Optimistic Rollups, and more
Because every Chainlink network is independent of each other...
This includes Plasma Sidechains, State Channels, ZK/Optimistic Rollups, and more
Because every Chainlink network is independent of each other...
This means the speed of one oracle network has zero effect over the speed of another oracle network
This is due the heterogeneous design of Chainlink
Chainlink isn't a single monolithic oracle network, but a framework for building oracle networks that can fill any requirements
This is due the heterogeneous design of Chainlink
Chainlink isn't a single monolithic oracle network, but a framework for building oracle networks that can fill any requirements
Additionally, Threshold Signatures enable Chainlink oracle networks to aggregate data off-chain and submit only a single transaction on-chain, no matter how many nodes are in the network
This greatly lowers the per-node costs and makes blockchain network congestion a non-issue!
This greatly lowers the per-node costs and makes blockchain network congestion a non-issue!
The limiting factor in speed beyond the TPS of the underlying L1/L2 is how quickly Chainlink nodes can reach off-chain consensus
With T-sigs moving to BLS signatures, off-chain communication is extremely efficient enabling near instant consensus https://twitter.com/ChainLinkGod/status/1243993593359949824?s=19
With T-sigs moving to BLS signatures, off-chain communication is extremely efficient enabling near instant consensus https://twitter.com/ChainLinkGod/status/1243993593359949824?s=19
Even a highly decentralized oracle network with tens of thousands of nodes (or more) can deliver accurate data on-chain in a timely manner even under the worst adversarial conditions
These advantages are passed down to the end-user in the form of a better UX and lower fees
These advantages are passed down to the end-user in the form of a better UX and lower fees
Chainlink is what you build with it
An oracle network can be built to support any niche for any usecases on any blockchain, the applications that can be created are only limited by your imagination
Chainlink enables Smart Contracts 3.0
An oracle network can be built to support any niche for any usecases on any blockchain, the applications that can be created are only limited by your imagination
Chainlink enables Smart Contracts 3.0
