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Witnet
The Wit/Oracle pairs a state-of-the-art Proof of Stake algorithm with its own native coin $WIT to deliver unparalleled security for all your Web3 data needs.
Distributed
Description
Witnet is a decentralized oracle that provides a secure and reliable way for smart contracts to interact with external, real-world data. It employs advanced cryptographic and Proof of Stake (PoS) economic mechanisms to prevent manipulation and single points of failure. As a blockchain-agnostic platform, Witnet allows developers to build cross-chain applications, sourcing data from various external sources. The network's tokenomics incentivize nodes to provide accurate data, ensuring high data integrity. Witnet is designed to be the ultimate solution for sourcing data into smart contracts and blockchains reliably, supporting applications that require information like prices, weather reports, or event results.Grant Funding
VC Funding
None
2018
$0
$4.1M