As one of the leading @Chainlink node operators, we're proud to help secure over $3 billion in assets. One of the latest features to roll out to the price feeds securing #DeFi is Flux Monitor. But what is it and what does that mean for $LINK and #Ethereum?
👇
From a node operator's perspective, Flux Monitor allows us to utilize multiple APIs per feed. This is great in case 1 or more API providers go down, individual nodes can still push data on-chain from the providers that remain up.
Nodes take the median of their price feeds, from a sorted list and use that as the result to send on-chain. Answering early rewards nodes by allowing them to expend less gas. Nodes that answer later have to run the on-chain aggregation to calculate the median of node's answers.
This means the reference data feeds are actually a median-of-medians, which greatly helps discard outliers. As an end-user, or consumer of the feeds, you'll want that because it means the feed is resilient to API outages and incorrect data.
As contracts secure more and more value, this will get increasingly important! Keep an eye on http://reputation.link  for more features geared specifically towards #DeFi users and developers!
You can follow @SecureDataLinks.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: