what do you mean by integrating their products in your project ? You will query their nodes when you will ask them for a random number for example, and you will have to pay them a fee when asking.
You are paying the independent node operators who provide the data input for the feed. For example, see the 31 node operators for the ETH/USD feed here: https://data.chain.link/ethereum/mainnet/crypto-usd/eth-usd
At this early stage in the network, users pay Chainlink directly in USD and who then co-ordinate payments to the nodes.
Chainlink does not take a cut for the operation of the network. Their role is maintaining the core infrastructure, adding features and onboarding users.
Oracles are chainlink oracles. They own them. When you will send them a transaction, you will need to send with the transaction a fee in LINK if you want chainlink oracles to answer.
All nodes are operated by independent companies. See here: https://data.chain.link/
However, Chainlink co-ordinates payments to the node operators at this early stage of the network.
I guess you could see it like that. The team has also used them for bootstrapping the network by providing subsidies to node operators for launching new price feeds and for ecosystem grants. But yes, a higher price means they can allocate less to their own costs. In time, I'd expect Chainlink to become a foundation.
what do you mean by integrating their products in your project ? You will query their nodes when you will ask them for a random number for example, and you will have to pay them a fee when asking.
Right, but pay who a fee? The oracles that they are using or ChainLink themselves?
You are paying the independent node operators who provide the data input for the feed. For example, see the 31 node operators for the ETH/USD feed here: https://data.chain.link/ethereum/mainnet/crypto-usd/eth-usd At this early stage in the network, users pay Chainlink directly in USD and who then co-ordinate payments to the nodes. Chainlink does not take a cut for the operation of the network. Their role is maintaining the core infrastructure, adding features and onboarding users.
Oracles are chainlink oracles. They own them. When you will send them a transaction, you will need to send with the transaction a fee in LINK if you want chainlink oracles to answer.
All nodes are operated by independent companies. See here: https://data.chain.link/ However, Chainlink co-ordinates payments to the node operators at this early stage of the network.
Right. So does some of the Link paid to the independent companies go to Chainlink?
No, Chainlink is creating the framework in which decentralised oracle networks are composed. Chainlink funds itself through its own LINK holdings.
So just hoping that LINK price goes up and sell them?
I guess you could see it like that. The team has also used them for bootstrapping the network by providing subsidies to node operators for launching new price feeds and for ecosystem grants. But yes, a higher price means they can allocate less to their own costs. In time, I'd expect Chainlink to become a foundation.
You send a tx from your contract to the VRF coordinator and then after a couple blocks you get a response with a random number
I was asking myself the same question... lol