diff --git a/oracles/chainlink.md b/oracles/chainlink.md new file mode 100644 index 0000000..70a3583 --- /dev/null +++ b/oracles/chainlink.md @@ -0,0 +1,13 @@ +## chainlink + +
+ +A decentralized oracle network consisting of three key smart contracts: + +* a reputation contract: keep track of data providers' performance. +* an order-matching contract: selects bids from oracles using the reputation contract. +* an aggregation contract—and an off-chain registry of data providers. + + +One of the main challenges with such a decentralized approach is the formulation of the aggregation function. +ChainLink proposes calculating a weighted response, allowing a validity score to be reported for each oracle response.