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Oracles Network

Ended
Ended: Nov 17, 2017

Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. Oracles Network makes smart contract platform cheaper and faster than POW predecessors.

A public, permissioned blockchain based on Ethereum protocol that uses proof of authority to reach consensus.

Ethereum-based public network with PoA consensus, which makes Smart Contract execution faster and cheaper.

Consensus by respectable individuals

Ethereum-based public network with Proof of Authority consensus, reached by independent validators

Website

oracles.org

Not Verified

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Intro Video

ICO Details

Ticker Symbol:
POA
Platform
Ethereum (ERC20)
Accepts:
ETH
Hard Cap:
12,500,000 USD
Country:
USA
KYC:
face
Restrictions:
No restrictions
Total supply
252,460,800 POA

Public Crowdsale

Ended
Sale Avalable Tokens:
252,460,800 POA @ 100.0%
Price:
1 POA = 0.0715 USD (0.00023 ETH)

ICO Overview

Oracles Network is the first Ethereum-based public network with Proof of Authority consensus, reached by independent validators. Oracles Network makes smart contract platform cheaper and faster than POW predecessors.

About Oracles Network Oracles Network is an open, public, permissioned blockchain based on Ethereum protocol. To reach consensus on a global state, it uses a Proof of Authority consensus algorithm. PoA consensus is a straightforward and efficient form of Proof of Stake with known validators and governance-based penalty system. A list of validators is managed by a smart contract with governance by validators. During an initial ceremony, master of ceremony distributes keys to 12 independent validators. They add 12 plus one more to reach initial requirements for the consensus. To be validators on the network, a master of ceremony asks them to have an active notary public license within the United States. A concerned third party can cross-validate validators’ identities using open data sources and ensure that each validator is a good actor with no criminal records. In the proposed network, identity of individual validator and trust to independent and non-affiliated participants will secure the consensus. The network is fully compatible with Ethereum protocol. The network supports only Parity client version 1.7 and later. The network supports trusted setup, on-chain governance, and a variety of “proof of identity” oracles. We believe that Oracles Network will close a gap between private and public networks, and will become a model for open networks based on PoA consensus.

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Team

Jeff Christian
Software Engineer
Jerry Howatt
Vermont
William Mougayar
Toronto Author, Mentor, Investor
Jeff Flowers
California
Kira Sergacheva-Nevi...
New York
Dmitry Chirun
Evangelist
David Thelander
Fellow of Vermont Law School, Center for legal innovation Special Counsel, Gravel & Shea
Roman Storm
Washington
Mark Pui
Kuala Lumpur Executive Director, PricewaterhouseCoopers
Zlata Baldekova
New York
Lillian Chan
California
Walter Karshat
California
Alexandra Kramer
New York
Pavel
DApps Developer
John Storey
Utah
Viktor Baranov
Core Developer
Pavlo Goncharenko
UI
Igor Barinov
Product Manager
Kira Sergacheva-Neville
New York
Henry Vishnevsky
Washington
Michael Milirud
Washington
Suleyman Duyar
New Jersey

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