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Connecting your Smart Contract
to Off-chain Data, Financial
Definitive Truth, APIs, and and
Provably Random Numbers
Smart Contracts
Fix:
- Extreme Centrality
- Contract Conflict of Interest
- Enforcement
- Transparency
The Oracle Problem
1. THE ORACLE PROBLEM
Smart Contracts are unable to connect with external systems, data feeds, APIs,
existing payment systems or any other off-chain resources on their own.
The Smart Contract Connectivity Problem
1. THE ORACLE PROBLEM
The Smart Contract Connectivity Problem
1. THE ORACLE PROBLEM
Blockchain Oracle: Any device that interacts with the off-chain world to
provide external data or computation to smart contracts.
Centralized Oracles are a Point of Failure
1. THE ORACLE PROBLEM
Data
Sources
Centralized
Node
Decentralized
Computation
1 node Thousands of nodes
Centralized Oracles are a Point of Failure
1. THE ORACLE PROBLEM
1 node Thousands of nodes
Data
Sources
Centralized
Node
Decentralized
Computation
Centralized Oracles are a Point of Failure
1. THE ORACLE PROBLEM
1. THE ORACLE PROBLEM
Centralized Oracles are a Point of Failure
1. THE ORACLE PROBLEM
Chainlink’s Defi Solution
2. DeFi
Data Feeds
https://data.chain.link/
2. DeFi
We’ve already seen attacks
2. DeFi
Decentralized Finance (DeFi)
3. Untapped Potential
Supporting the Growth of DeFi
2. HOW CHAINLINK SUPPORTS THE GROWTH OF THE DEFI ECOSYSTEM
Synthetix
Synthetic assets
Value Secured:
2.2 B USD
Nexus Mutual
Derivatives
Value Secured:
300 M USD
Set Protocol
Commodity Money
Value Secured:
90 M USD
AAVE
Lending and Borrowing
Value Secured:
5.7 B USD
2. HOW CHAINLINK SUPPORTS THE GROWTH OF THE DEFI ECOSYSTEM
https://app.aave.com
https://docs.chain.link/
2. HOW CHAINLINK SUPPORTS THE GROWTH OF THE DEFI ECOSYSTEM
Gaming: Chainlink VRF for truly random
numbers
Gaming: Chainlink VRF for truly random
numbers
3. Untapped Potential
Gaming: Chainlink VRF for truly random
numbers
3. Untapped Potential
Gaming: Chainlink VRF for truly random
numbers
3. Untapped Potential
Chainlink API Calls, any functionality, and more
Insurance
3. Untapped Potential
Where can I learn?
docs.chain.link
Chainlink YouTube
Chainlink Engineering Tutorials &
Developer Workshops
Blog.chain.link
Demo
Solidity and Smart Contract Starter Kits!
Discord Chat
http://chn.lk/chainlink-discord
Documentation:
http://docs.chain.link
Out-of-the-box Examples
http://chn.lk/dev-examples
Stackoverflow Questions
https://stackoverflow.com/question
s/ask?tags=chainlink
Reach out, join the community,
and have fun!
Demo
Short Edition
The Oracle Problem
1. THE ORACLE PROBLEM
Smart Contracts are unable to connect with external systems, data feeds, APIs,
existing payment systems or any other off-chain resources on their own.
The Smart Contract Connectivity Problem
1. THE ORACLE PROBLEM
Blockchain Oracle: Any device that interacts with the off-chain world to
provide data to smart contracts. They report the result of that data
on-chain so that the blockchain can stay deterministic.
Price Reference Data
1. THE ORACLE PROBLEM
https://feeds.chain.link/
Decentralized Finance (DeFi)
3. Untapped Potential
Gaming: Chainlink VRF for truly random
numbers
3. Untapped Potential
Gaming: Chainlink VRF for truly random
numbers
3. Untapped Potential
Discord Chat
http://chn.lk/chainlink-discord
Documentation:
http://docs.chain.link
Out-of-the-box Examples
http://chn.lk/dev-examples
Hackathon Resources
http://chn.lk/hack-resources
Demos: Tuesday/Thursday 8:30 AM EDT
twitch.tv/patrickalphac
Sign Up for Office Hours:
http://chn.lk/hack-office-hours
Infographics

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みなさんこんにちはこれ何文字まで入るの?40文字以下不可とか本当に意味わからないけどこれ限界文字数書いてないからマジでやばい文字数いけるんじゃないの?えこ...
みなさんこんにちはこれ何文字まで入るの?40文字以下不可とか本当に意味わからないけどこれ限界文字数書いてないからマジでやばい文字数いけるんじゃないの?えこ...みなさんこんにちはこれ何文字まで入るの?40文字以下不可とか本当に意味わからないけどこれ限界文字数書いてないからマジでやばい文字数いけるんじゃないの?えこ...
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