Will link surpass Ethereum

1.

Link

< H2 > 1. Introction

link is the erc20 standardized token based on Ethereum blockchain, which is used to pay the chainlink node operators, so as to retrieve data from the data of the chain off, format the data into the readable format of the blockchain, calculate the chain off and ensure the normal running time. Chainlink token, as a part of the running node, can prevent undesirable participants

< H2 > 2. Project introction

the first distributed Oracle network, which allows anyone to safely provide smart contracts, access key external data, offline payment and any other API functions. Any user with a data feed, offline service (such as local payment) or any other API can directly provide it to a smart contract in exchange for a link token. Chainlink network is a distributed network of chainlink nodes, which directly transport specific data, API and various offline payment functions to smart contracts. Chainlink network is composed of two independent parts, on chain and off chain, which must interact to provide services. The network is built in such a way that it can be upgraded, so that it can replace its different components when better technologies and technologies emerge. The chain components of the network filter Oracle through service level agreement (SLA) based on the measurement of one party's request of smart contract. Using these metrics, chainlink collects responses to SLA queries, sorts them using reputation and aggregation models, and provides final set results of chainlink queries that may be implemented in smart contracts. The out of chain components of the network are composed of Oracle nodes connected to the Ethereum network, which independently collect responses to offline requests. These off link nodes can be located in any instry. For example, the off link nodes operated by the New York stock exchange can provide real-time and accurate transaction information for the chainlink network, or the off link nodes of the visa network can solve transactions and interact with consumers and suppliers through the chainlink network. Chainlink technology aims to integrate nodes from all these instries into a common network, which itself acts as a (low-cost) middleman, interpreting and allocating data correctly as needed. The chainlink system will ensure that the results obtained from the Oracle are accurate and allow the oracle to remain independent of the data they provide. Any data, payment, e-signature or other API providers and personal developers can easily join the chainlink network by connecting their familiar API to the network. Once the API is connected to the chainlink, the user becomes the chainlink node operator and is responsible for connecting the API to the chainlink network. In order to motivate operators to provide API information, they are compensated in the link token to successfully complete the online link request. The project currently provides a fully distributed Oracle network compatible with bitcoin, Ethereum and hyperledger. It is expected that other blockchains will be supported in the future, which will allow cross chain connections between smart contracts and any other public or private chains, and allow anyone in the world to use the chainlink network, regardless of its platform. All service providers will be able to securely provide smart contracts to access critical external data and possibly even non chained payments

< H2 > 3. Comment

chainlink (link) is a decentralized network, which can provide information (Oracle) for smart contracts. Chainlink was established by Sergey Nazarov and Steve Ellis in 2017, aiming to solve the problem of information procurement under the chain through smart contract for its execution parameters. Smart contract is designed to execute automatically when some parameters are satisfied. However, when these parameters exist under the chain, it depends on the information source (called Oracle) to provide the necessary information. Off chain predictors are often centralized and rely on third parties to provide critical information in a reliable and time-consuming manner. Chainlink aims to break this dependence by providing information to smart contracts through a decentralized prediction network. These predictions work together on the link blockchain to verify and forward key information to these contracts. Chainlink network allows users with data feeds or information hosting APIs to easily provide information to smart contracts in exchange for link tokens< memorabilia September 2017 - chainlink ICO. November 2018 - acquisition of town crier (smart contract and data privacy project). June 13, 2019 - announced cooperation with Google utility link network to provide timely and accurate information to smart contracts through Oracle's distributed network (data sources and APIs). This information is very important for the effective and accurate execution of smart contracts, because the required information exists under the chain, and there must be a reliable way to obtain the information on the chain. The link token is used as payment for smart contracts that use the data provided by the link network, in which the oracle that provides accurate information will be rewarded in proportion to the link< important functions partnership with major instry players such as swift and Google, integration of Ethereum side chain, such as harmony, celer and matic. Average block time n / A; The total supply is 1 billion link; Write Oracle consensus to Ethereum blockchain through threshold signature

related links: https://chain.link/

https://en.bitcoinwiki.org/wiki/ChainLink

https://everipedia.org/wiki/lang_ en/chainlink-cryptocurrency

https://blog.chain.link/threshold-signatures-in-chainlink/

https://blockonomi.com/chainlink-guide/

 

2. If you are talking about the price, it should be impossible. First of all, the total number of bitcoin is 21 million, and that of Ethereum is 104536105, which is nearly five times different. Moreover, as the originator of virtual currency, the believers of bitcoin are far more than Ethereum. But in terms of Technology, Ethereum is certainly better. After all, it is constantly upgraded and improved on the basis of bitcoin

3. 1. Eth1 if it is a physical network card, disable or modify the configuration file / etc / sysconfig / network scripts / ifcg-eth1 to remove the configuration
2. Virtual network card: a single network card is bound with multiple network cards. Delete the configuration in the configuration file / etc / sysconfig / network scripts / ifcg-eth0;

4. 5.025915; 30053;
1d /> http://www.qiyun.org/html/400/122872.htm
2B
http://www.qiyun.org/html/400/122948.htm
3d /> http://www.qiyun.org/html/400/122949.htm

5. ressure from investor lingers.

6. The US economy is closely related to the world economy. Because by raising interest rates and tightening monetary policy, Americans may spend less or invest less, and their purchasing power will be reced, which will directly affect the exports of all countries in the world to the United States. As the "engine of economic growth", international trade will slow down and world economic growth will be affected. On the contrary, if the United States reces interest rates, stimulates investment and encourages people to spend money, it will not only stimulate economic growth, but also import more goods. If the exports of other countries to the United States increase, the world economy will be better. Second, the Fed's interest rate adjustment may also have an impact on the value of the US currency. In addition, affected by the adjustment of interest rates by the Federal Reserve, other countries may also adjust their own interest rates accordingly, affecting their own economy
the impact on China is also reflected in the trend of outflow of domestic and foreign hedge funds e to the expected depreciation of RMB and the increasing uncertainty of China's economic restructuring. Li Ka Shing also chose to "leave Asia and enter Europe" after selling mainland real estate, which will make speculative investors lower their expectations of the continued rise of real estate, and domestic real estate will enter the adjustment cycle. And when the real estate bubble burst in China, it will soon burst a series of original dormant crises, such as local government debt, manufacturing bad loans, shadow banking and so on. In particular, Hong Kong's property market and stock market will be directly impacted. It is precisely because of the continuous influx of international hot money into Hong Kong that the property market and stock market of Hong Kong have been hovering at historical highs recently. If the hot money leaves Hong Kong on a large scale, it will cause heavy damage to Hong Kong's finance and economy and indirectly affect the economic and financial security of the mainland
once the Federal Reserve raises interest rates, it will face severe challenges to the domestic financial instry and even the overall economy.

7. In the early morning of the 14th Beijing time, the US Federal Reserve launched the third round of quantitative easing (qe3): it will inject US $40 billion into the US economy every month until the weak job market continues to improve. In addition, the Fed also promised to further extend ultra-low interest rates to 2015. Affected by this, international oil prices rose on the 13th. This means that the United States should start the money printing machine to inject liquidity into the market
this way of saving the economy by printing a lot of money in the United States has aroused widespread concern of domestic economists. Many scholars believe that the implementation of the previous two rounds of quantitative easing, liquidity injection and the depreciation of the US dollar will lead to the rise of global energy and commodity prices, which will eventually be transmitted to China's CPI, China's inflation pressure, especially the rising pressure of house prices. After the launch of the new round of quantitative easing policy in the United States, will it have a conctive impact on China's economy and market prices< Some people say that it's too difficult for money to flood without rising. With more money, the quantity of goods has not changed. It's very clear how the corresponding relationship changes. Yesterday, after the Federal Reserve announced the launch of the third round of quantitative easing, netizens published their judgments on the future trend of China's house prices. Many netizens worried that domestic prices and house prices would rise again
in the face of qe3, if China does not print money, it will be looted by the United States; As soon as China prints money, inflation and house prices will rise. The United States has forced China into a dead end again. It's too difficult for money to flood without rising. With more money, the quantity of goods has not changed. It's very clear how the corresponding relationship changes< However, for most people's expectations of rising domestic prices and house prices, global liquidity is increasing, and China's economy is in a critical period of stable growth, so monetary policy easing will continue. However, China's policy pays more attention to CPI and house prices, so it dare not relax monetary policy on a large scale. In addition, loose liquidity will be indirectly transmitted to China's property market. However, for the supply of developers' capital chain, it is only a small impact, even negligible
as a result, CPI will rebound
from the implementation of the previous two rounds of quantitative easing, the injection of liquidity and the depreciation of the US dollar will lead to the rise of global energy and commodity prices. The rise of global energy and commodity prices will be transmitted to China's consumer price index (CPI) through China's import price index and factory price index (PPI)
the aggravation of imported inflation pressure, the change of supply and demand in the domestic pork market and the rebound of domestic monetary and credit growth are expected to lead to the year-on-year growth of CPI bottoming out in recent months, and even rebounding from the end of the year. Once inflation rebounds, there will be little room for the central bank to further cut interest rates
the introction of qe3 in the United States is a "beggar thy neighbor" policy. The impact on China's economy will tend to be negative in the long run. Qe3 pushes up commodity prices and increases imported inflation pressure. In the context of China's slowing economic growth, the implementation of China's monetary policy is in a dilemma, which makes it more difficult for China to achieve the goal of stabilizing growth and controlling inflation< However, the introction of qe3 will do more good than harm to China's economy. The stabilization of the US economy is beneficial to China's exports and may also ease capital outflow. Qe3 will affect commodity prices, but there is no demand in China and its impact is limited
the pressure of RMB appreciation will be even greater
as soon as the Federal Reserve decided on the same day, the US dollar was sold off. Yesterday, the market was affected, the dollar against the euro, the dollar against the RMB have hit a new low. So far, the central parity rate of RMB against the US dollar has risen for three consecutive days, reaching a new high since September
for investors, printing more US dollars means devaluation, and non US currencies should have higher performance in the short term, so there will be better opportunities. At present, qe3 is expected to be realized, the US dollar index will adjust downward in the near future, and the spot price of RMB will appreciate slightly, but the trend of the middle price will be more stable than that of the spot price
however, the rebound of domestic currency market value will be limited. If the US dollar keeps falling, the RMB may rebound, but the rebound should be limited. The moderate performance momentum of RMB in the near future will still be maintained, and qe3 will not have a great impact on RMB.

8. As far as the interest rate increase cycle of the Federal Reserve is concerned, there has been a serious differentiation in the orientation of monetary policy e to the obvious inconsistency in the pace of economic recovery in developed economies. This differentiation begins with the Fed's QE exit and the European Central Bank's negative interest rate era, which will have a different complex impact on the future global liquidity situation
this will put some pressure on China's monetary policy. The short-term and local ischemia phenomenon caused by capital return may rece the market liquidity. At the same time, the decline of commodities brought about by the rise of the US dollar will lead to imported inflation, which will further rece domestic inflation expectations, thus giving the central bank more room to cut interest rates and reserve requirements. The combination of the two will make the central bank's monetary policy more relaxed in essence, even as some big institutions predict that there will be a rection in interest rates and reserve requirements in the future.

9. The link to port 0 has been opened

10. Even if the Federal Reserve raises interest rates, there is little room for the US dollar to continue to rise, and its impact on the RMB exchange rate and China's economy is limited
the overall recovery of the U.S. economy may not be as expected, while the U.S. dollar has appreciated to a historical high, and the negative impact of the appreciation has been transmitted to the real economy, so there is not enough momentum to continue to appreciate significantly
from a technical point of view, the US dollar is in the third appreciation cycle, and it has reached the high level of the previous cycle, so there is not enough momentum to continue to appreciate significantly. A further appreciation of 5% - 10% is possible, but a further appreciation of 20% is almost impossible
in other words, according to the current US dollar index, the highest US dollar index will rise to about 105, which is impossible to go up
if RMB depreciates by 5% within one year, it will not have a great impact on the economy.