Oracles (POA)

Oracles (POA) widget

ICO date: 30.11.2017 - 31.12.2017
Industry: IT
Description:

Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators.

Features:

1. Proof of Authority. Proof of Authority (PoA) is an alternative consensus mechanism, which does not depend on the nodes solving arbitrarily difficult mathematical problems, but instead uses a set of "authorities" - nodes that are explicitly allowed to create new blocks and secure the blockchain.
2. Validator. Validators on Oracles Network are the known people who validate the blocks.
3. Master of Ceremony. The Master of Ceremony is the initiator of a network. Using the Ceremony DApp, the Master of Ceremony creates 12 initial keys and distributes them to individual validators. Validators then replace initial keys with a new subset of keys. This initial ceremony launches the network.

Website: oracles.org
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.7 / 5.0
Risk score
Low

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See also