Altcoins Talks - Cryptocurrency Forum
Earning => Awards, Contests & Voting => Voting => Topic started by: Master107 on December 23, 2020, 03:42:14 AM
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The battle of decentralized Oracles.
Decentralized Oracles connects smart contract to any piece of data and provide stronger security, but still can be attack. It can process more complex data than smart contract.
Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. In Chainlink's case, the oracles are connected to the Ethereum network. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions.LINK CMC (https://coinmarketcap.com/currencies/chainlink/)
DIA (Decentralised Information Asset) claims to provide financial institutions with an immutable and verified single source of financial market data for any market and asset type. DIA also claims to be an open-source, data and oracle platform for the DeFi ecosystem. DIA CMC (https://coinmarketcap.com/currencies/dia/)
BAND (Band Protocol) is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.BAND CMC (https://coinmarketcap.com/currencies/band-protocol/)
What do you think the best decentralized oracle in the long run?
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I have to vote LINK, along with many others here I imagine. The others I don't know too much about, apart from BAND which I found interesting sometime ago. This is also because Chainlink is the largest DeFi project at the moment, so betting on the winning horse never seems like a bad idea.
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Above three decentralized projects, chainlink, bandprotocol, and DIA data, I voted dia data decentralized project because I already invested some DIA with my bounty rewards token and my all dia keep in my binance wallet.
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My choice will definitely be DIA. They have very strong partnership agreements. The future is very bright. It can come to very good places. I think it is a good investment.
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Decentralization will always be the IN thing. Now, of the three which can really survive and flourish can be hard to determine even if we have to consider the many features they are offering. The one determinant will always be the market and the supporters of the said decentralized platforms. I might be betting more on DIA for now but who knows what can change in the next few months and years -- nobody can be certain. Or maybe a better and new player can show up taking all the advantages of these three into one...maybe just maybe. So why not support them all...that is if one has the funds to be able to do so.
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While I'm making my steps in crypto trading I am now a little bit learning to become selfish and don't want to provide any opinion that may seems favorable to a particular coin. Maybe this is just a normal for some newbies like me to feel this way. I dont. Know.
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If you look at the Circulating Supply of each of these cryptocurrencies, it will be clear that DIA is the most undervalued. that's why I choose it for investing. I believe that DIA has more chances to grow than others.
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For now, Link still lead the Oracle space and the team seems to have strong partnership to back it up. DIA is one that I am looking into personally because out of the three projects it is still greatly undervalued. I believe the space is big enough for the 3 projects to be successful
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At present chainlink, DIA, Band protocol is much more popular. However, chainlink DeFi tokens are in a good position. Its price is much higher than other coins. So three of the decentralized projects were much better. However, DIA and Band protocol are best for long term investment.
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The price of DIA token went up a lot. So it is expected that prices will increase a lot in the future. But we should wait. I think now is the best time to invest. Or you can get profit by buying DIA and trading. Or I think investing in other DeFi tokens is profitable.
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All the options are good for the long run, they have strong teams and interesting concepts to develop the projects. I also have invested in LINK and DIA, maybe consider investing in BAND in the near future. As I said that all are great tokens, I cannot state which one is the best because they are all potential coins to be popular in the future.
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All the options are good for the long run, they have strong teams and interesting concepts to develop the projects. I also have invested in LINK and DIA, maybe consider investing in BAND in the near future. As I said that all are great tokens, I cannot state which one is the best because they are all potential coins to be popular in the future.
All choices are really great with great team and constant updates. Investing in three projects would be wise too as we can see each tokens perform well despite of decrease moments. Strong team with great concept and community support is equal to good future.
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DIA is my first decentralized finance coin which I obtained from bubbalex maintained bounty campaign rewards. DIA now is very popular decentralized finance project which ico price $0.05 . I voted only DIA .
(https://i.imgur.com/chRiezm.jpg)
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I will go for LINK since its widely use by most defi today its oracles was already proven to be very effective in different platforms so I will stick to Chainlink for price oracles lets see in the future if who will prevail in this battle every year there are more better projects that will emerge lets wait and see more competitors.
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IMO, I believe DIA is more promising and attractive than any other chooses, But Link has fundamentals too, so both platforms are good and have the future in Oracle services but we dont know yet if there was another competitor to challenge them soon, thats why the best thing to do is to make their platform more competitive to cement their legacy.
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DIA is my first decentralized finance coin which I obtained from bubbalex maintained bounty campaign rewards. DIA now is very popular decentralized finance project which ico price $0.05 . I voted only DIA .
(https://i.imgur.com/chRiezm.jpg)
I don't know where did you found that information which I think very very wrong.
From DIA team telegram message
we don't have any ICO. we had a bonding curve sale and the average price of the first batch was $0.63, while the last batch price was around $2.8
Your information of ICO and $0.05 is shocking and misleading towards DIA token starting price. I hope next time you search first before you say the price.
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I think the best Oracle of the three options presented is LINK,in some way it is one of the first projects that developed this idea and implemented it, and look from the very beginning of the path what is the growth of this LINK token, a successful project!
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I think the best Oracle of the three options presented is LINK,in some way it is one of the first projects that developed this idea and implemented it, and look from the very beginning of the path what is the growth of this LINK token, a successful project!
True, Link is among the most stable and has never experienced a drastic decline from when it first started growing, and I am sure that Iink will be able to move forward for this year.
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I think the best Oracle of the three options presented is LINK,in some way it is one of the first projects that developed this idea and implemented it, and look from the very beginning of the path what is the growth of this LINK token, a successful project!
True, Link is among the most stable and has never experienced a drastic decline from when it first started growing, and I am sure that Iink will be able to move forward for this year.
Yeah, but let us also consider DIA which didn't yet show the highest potential. Maybe LINK and DIA will lead the oracle platform in the long ran. Dia strengthening the partnership with other projects that could add more popularity and build the empire stronger than yesterday.
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Yeah, but let us also consider DIA which didn't yet show the highest potential. Maybe LINK and DIA will lead the oracle platform in the long ran. Dia strengthening the partnership with other projects that could add more popularity and build the empire stronger than yesterday.
it is natural that you give the opportunity and also consider DIA, because it includes new coins that can already give a surprise at first, unfortunately, can't maintain it even though it doesn't fall once. actually the same as chainlink when it was just growing, chainlink was still able to survive and in a good position.
but this year is the year of altcoins so DIA will have the same potential as other altcoins to be able to provide the latest ATH at the right time, we hope that's because there is still a long way to go.
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I think the best Oracle of the three options presented is LINK,in some way it is one of the first projects that developed this idea and implemented it, and look from the very beginning of the path what is the growth of this LINK token, a successful project!
True, Link is among the most stable and has never experienced a drastic decline from when it first started growing, and I am sure that Iink will be able to move forward for this year.
Link was the first oracle.
I remembered to see it in 2017 when it was launched. It took about 4 years to explode in terms of price.
Then many other oracle services showed up. This is the only one that I know deeper, and that I know has a good adoption
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I invested in some decentralized platforms but my investment was right for some time and since then it has gone down and I have suffered huge losses. So I don't want to disclose about my investment so that others may face loss on this investment. But everyone must think carefully before investing.
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I invested in some decentralized platforms but my investment was right for some time and since then it has gone down and I have suffered huge losses. So I don't want to disclose about my investment so that others may face loss on this investment. But everyone must think carefully before investing.
I hope you have now achieved quite a lot of results because so far the price of coins in every market has increased in price. Anyone who cannot control their patience can experience losses. So when you can control your patience well, losses will be minimized.