/biz/ - Business & Finance

It amazes me how much time biz has taken to realize that Witnet exists. The technology is really similar to Chainlink. This usually happens when projects are open source. And no, Chainlink has no first mover advantage at all because now, it’s only a test net on ethereum, and still has a lot of work to do. First, and probably the most important, the service aggrement, which it’s not even started (0 tasks finished on “collect and agreegate” on pivotal, and the team can’t even finish a very simple wip on github). Witnet has the service aggrement ready to go, you can run a node and try how good it works on the testnet now. Another really good fact about Witnet network is they are also blockchain agnostic: “The Witnet protocol connects smart contracts to any online data source. Sport results, stock prices, weather forecasts or even other blockchains”. Main net, according to the team, will be released this year, probably by may-june.

In summary:
·Decentralized oracle network
·Test Net with aggregation ready
·Main net on may-june 2019
·The node operators get paid
·Consensus to choose the most reliable data
·Allows Smart Contracts to connect with any API and even any other blockchain (blockchain agnostic)
·Allows Smart Contracts to connect with any data which it's not in APIs

Sounds pretty good, so I’ve just run a node on the Witnet Network. Now on the test net you can use some oracles related to Sports, AI, Events and others. So, my first node worked with data about the Arsenal-Manchester united FA Cup match on 25/1. It included: which teams played, what the result was, and how much goals did Lukaku (Manchester United player) score.
To collect and aggregate all this information, I connected via Verity to the Bet365 API, the Premier League Live Scores API, the TalkSports API and the William Hill API. And obviously, the results were simply brilliant. Cont..

It amazes me how much time biz has taken to realize that Witnet exists. The technology is really similar to Chainlink. This usually happens when projects are open source. And no, Chainlink has no first mover advantage at all because now, it’s only a test net on ethereum, and still has a lot of work to do. First, and probably the most important, the service aggrement, which it’s not even started (0 tasks finished on “collect and agreegate” on pivotal, and the team can’t even finish a very simple wip on github). Witnet has the service aggrement ready to go, you can run a node and try how good it works on the testnet now. Another really good fact about Witnet network is they are also blockchain agnostic: “The Witnet protocol connects smart contracts to any online data source. Sport results, stock prices, weather forecasts or even other blockchains”. Main net, according to the team, will be released this year, probably by may-june.

In summary:
·Decentralized oracle network
·Test Net with aggregation ready
·Main net on may-june 2019
·The node operators get paid
·Consensus to choose the most reliable data
·Allows Smart Contracts to connect with any API and even any other blockchain (blockchain agnostic)
·Allows Smart Contracts to connect with any data which it's not in APIs

Sounds pretty good, so I’ve just run a node on the Witnet Network. Now on the test net you can use some oracles related to Sports, AI, Events and others. So, my first node worked with data about the Arsenal-Manchester united FA Cup match on 25/1. It included: which teams played, what the result was, and how much goals did Lukaku (Manchester United player) score.
To collect and aggregate all this information, I connected via Verity to the Bet365 API, the Premier League Live Scores API, the TalkSports API and the William Hill API. And obviously, the results were simply brilliant. Once the matches ended, the Smart Contract auto-executed the clausules, achieving a consensus with all the APIs data.