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mev-toolkit/oracles/chainlink.md
dr. mia von steinkirch, phd 58375d1670
Update chainlink.md
2023-02-07 19:15:59 -08:00

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chainlink


tl; dr


  • 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.

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