Will Cardano rely on its predictions or integrate Chainlink predictions?
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Cardano (ADA) entered the data Oracle company before the Goguen era, and the company will use a different method from Chainlink to add smart contract functions. Established the first prophet in cooperation with EMURGO and Ergo (ERG), a company in the Cardano ecosystem. The first two oracles are deployed on Ergo and provide price information for two trading pairs: ADA/USD and ERG/USD.
The new model introduces the Oracle pool, which can incentivize good behavior and eliminate bad behavior. Ergo's core developer Alexander Chepurnoy told Cointelegraph that the idea involves major players in the DeFi ecosystem donating funds to Oracle pools that they consider useful. Then, the data provider will receive compensation from the pool.
The model also assumes that the data provider will use the funds as collateral. If the data provider provides low-quality data, then his shares will be "cut". Unlike Chainlink's introduction of LINK token as a payment mechanism similar to gasoline, the new model has nothing to do with cryptocurrency.
When Cardano founder Charles Hoskinson tweeted about talking to Chainalink co-founder Sergey Nazarov, the rumors began to attract attention. Some people expect Cardano to announce an announcement regarding the prediction of Chainlink integration soon. However, so far, these rumors have not been realized. Cardano is probably not in a hurry, because before the era of Goguen, there was almost no use in Oracle. At the same time, it gives it time to test the internally developed oracle infrastructure.
Article reprinted: www.dltsg.com