Read more about ICO Oracles Network: review, rating, road map, overview
About Oracles Network
Returns since ICO
2017-11-17 - 2017-11-17
Oracles Network is a blockchain run on the Ethereum protocol with free public access. It utilizes a Proof of Authority scheme to find an agreement on the global level. PoA consensus is more direct and effective version of Proof of Stake where validators are known and there is a penalty system. The roll of validators is administered by crypto contracts. 12 autonomous validators receive a key at the opening ceremony. To satisfy the consensus demands, there is one additional to the already existing twelve. To become one of them, a person has to be legally recognised as a notary in the USA. If there are any uncertainties or concerns, a validator’s information can be checked to make sure he hasn’t prior convictions. In our network the agreement is backed by clean identities. The Oracles is completely reconcilable with the Ethereum protocol. It can only be used on 1.7 and newer Parity client version. We hope that our network will connect private and public webs; will be a paragon for other webs run on Proof of Authority consensus.