Can you receive inaccurate data from Chainlink blockchain oracles? What if the incentive to distort the data is more than the cost?


The answer to this is the same as:

Can you get inaccurate computation from Ethereum?

On a single Ethereum node, yes. A malicious, bought-off, or depreciated node could potentially say that 1+1=5. This is why Ethereum is a decentralized network, and this is where Ethereum gets its security with computation.

Chainlink is the same methodology, but with data. A single Chainlink node pulling from a single source can return inaccurate data. However, a decentralized collective pulling from multiple sources won't.

  • This was a really good and simple explanation.
    – YulePale
    Mar 26 at 17:05

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