Booting your PostgreSQL instance To run a Chainlink node we also require a PostgreSQL database instance, PostgreSQL is an open-source, object-relational database. built with keeping extensibility, data integrity, and speed in mind. Its concurrency support makes it compatible with ACID transactions and it supports dynamic loading. If you already have a PostgreSQL database set up, get your connection string in the following form-` postgresql$USERNAME:$PASSWORD@$SERVER:$PORT/$DATABASE ` and you can head to the next section. Now, let's see how we can set up our own PostgreSQL instance, we'll use DigitalOcean here. Step 1: Create a DigitalOcean account if you don't have already and sign in. Step 2: Click on Create in your DigitalOcean dashboard and select databases, this will take you to a page to configure your database. Step 3: Select PostgreSQL as your database engine under 'Choose a database engine' section, under 'Choose a Cluster Configuration' section select the smallest node with 1GB-RAM-1-vCPU as you can always upscale the node later but cannot downgrade it, you can also select a Standby node in higher node plans for better reliability.
The National Association of Scholars, a non-profit advocacy group for American professors, has called on universities and colleges to cut back on administrative bloat before they accept federal coronavirus relief. American universities and colleges added approximately 500, 000 highly paid administrative jobs between 1987 and 2012. A report recently published by the National Association of Scholars asks universities and colleges to respond proactively to the financial burdens imposed by the ongoing Chinese virus pandemic. Breitbart News reported in 2019 on an analysis by the New England Center for Investigative Reporting which revealed that American universities and colleges had drastically increased the number of administrators between 1987 and 2012. In fact, as many as 500, 000 administrative positions were created in that time period. Although the National Association of Scholars concedes that some coronavirus relief may be necessary, they urge universities to cut administrative bloat and affirm American principles of freedom before accepting federal aid.
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