Introducing Blocksense

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14 Feb 2024
31

Introducing Blocksense, a decentralized protocol that is poised to revolutionize the creation and consumption of oracle data feeds through the innovative ZK rollup approach.


By leveraging cryptography and game-theoretic incentives, Blocksense ensures the utmost accuracy of data. Operating with a diverse array of stakeholding data reporters equipped with oracle node software, the protocol facilitates periodic updates of oracle data feeds by a randomly selected subset of reporters. Participants are incentivized for aligning with the majority consensus, while penalties are imposed for deviating from it.

The implementation of the Schelling Coin principle serves as a robust deterrent against collusion, fostering an environment conducive to transparent and honest reporting. Blocksense's ZK rollup design not only streamlines the consensus process but also leads to significant cost reductions and streamlining of feed introduction procedures.


To prevent bribery and collusion, Blocksense employs secret committee elections and vote secrecy, making malicious actions exceedingly difficult and maintaining protocol integrity.
Learn more about the innovative Blocksense network and its groundbreaking approach: LINK

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