What is The Blocksense network and benefits

88Xi...FFMT
15 Feb 2024
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If node operators on the Blocksense network were able to delay or prevent certain price feeds from being updated, this could create a potentially proliferating way of executing off-chain price spreads in arbitrage trading. The Blocksense network makes this type of attack nearly impossible, splitting the work of publishing blocks between three separate roles within the protocol: * Reporters on the network are responsible for determining sickle reporting and executing the corresponding sickle scripts in a timely manner. Reporters cannot censor a data feed on their own, as each update must be identified, which will often be signed by the same nodes. * Aggregators monitor broadcast channels where reporters publish signed data feed updates. Containers that contain as many updates as possible are encouraged to rerelease. If a assembler tries to censor a particular data feed, claiming that the reporters have not received their signed updates, another assembler will likely join their own packet in updating the feed to claim the characters. * Block generators, containers contained in joiners on the network, mechanically combine the target chain into the final blocks to be published. In this process, the block generator is not allowed to manipulate the scheme of mixed packets in any way, and its correct generation is ensured by the verifying zero-knowledge circuit. A block is valid if a sufficient number of assemblers contribute to it. Please note that the same data feed packet is likely to be present in the packets of many individual assemblers, making it extremely difficult for certain feeds to proliferate to create an incomplete valid block. For each slot, proper read to publish a multi-generator block on the fly and this helps others to publish a valid block containing all feeds, even if a particular generator goes offline. The different roles in the protocol cannot be determined, but are assigned dynamically and randomly to node operators as time shifts. Blocksense node software automatically keeps track of role assignments and performs all operations accordingly. How are new data feeds (i.e. sickles) formed? The Blocksense node software includes a sandbox virtual machine running various CPU, GPU and I/O hardware. New data feeds can be created by anyone in the case of a program for the Blocksense VM. Created leaks, sickle, a cryptographic summary of the program content. To maintain feed updates, any asset can be invested with a small amount of funds that will initially be used to cover data extension fees, but once activated by smart contracts the segments can become self-sustaining with data access fees generated on-chain. For example, a sickle that downloads the size of a particular URL is a common type. Another, more specific example is a sickle that always tracks the USD/EUR exchange price by querying multiple independent sources and averaging them. In the future, the Blocksense network's zero-knowledge circuits provide an additional security plan by ensuring that all data obtained from SSL-enabled web servers is verified by tracking the chain of encryption keys used in the TLS protocol. Programming-intensive applications such as GPU scripts can be developed using a customized strategy using random checks that incur a large penalty for only a small subset of data feed updates. This allows ML inference to die on-chain in a cost-effective manner. What are the system features of running a sickle node?















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