What is OATH?
OATH’s dispute resolution protocol is modeled on the common-law jury system and utilizes blockchain, cryptographic algorithms, random algorithms associated with categories and attributes, jurors’ credit level, and case-tracking technology. OATH is building a decentralized, standard, and extensible public chain-agnostic protocol that protects dApp users’ rights and assets.
OATH is a layer two blockchain convention for empowering debate goals on open blockchains. Basically it is an administration arrangement that depends on the judgment of a jury that is shaped out of a decentralized network. The personality of members of the jury stays covered up. The organization of the jury for a given question is arbitrary. Members of the jury are required to cast a ballot freely dependent on the proof gave in the shrewd contract. The qualities and number of members of the jury can be concurred by the agreement parties. Pledge will gain cash from debate goals and will forward a portion of these returns to jury members. Promise is the arrangement that will venture in at whatever point the code written in shrewd contracts will be deficient to set up agreement among market members.
How advanced is the project?
OATH’s white paper contains comprehensive information about the project, and the one pager provides a more condensed overview. The team keeps growing its Medium page with updates and in-depth articles. It has already demonstrated ability to effectively attract partners and investors to the platform.
NEM is one of their partners that will use Oath Protocol as the default dispute resolution protocol on its platform. Presently, NEM is among the top 20 leading cryptocurrencies measured by market capitalization. Recognized financial media outlets such as Yahoo Finance and newsbtc.com released several high level, impressive press coverage about Oath Protocol. The Oath MVP is expected to launch in late 2018, ahead of schedule.
Product:
Oath Protocol has many competitive benefits over its competitors: localized community higher cognitive process, semi-decentralized vote method, layer a pair of protocol, algorithms and safeguards to make sure fairness, compatibility with any public chains or dApps, credit level system and knowledge analytics, quantifiability and tiers, and transparency.
From a technical perspective, via APIs, Oath Protocol is compatible with any chains or dApps, and its good contract templet library (with templates that address a spread of use cases and are available with constitutional Oath dispute resolution and governance protocol) permits for straightforward integration.
Oath Protocol encompasses a big selection of potential use cases that includes: p2p e-commerce, news verification (also applicable to any content-sharing platform), blockchain-based amount of money, blockchain-based rental agreements, and outcomes for oracle platforms. It might even apply to some real-life security cases like the DAO hack & Ethereum exhausting fork, EOS’s unsuccessful try at blockchain governance, and also the newest Eos dApp EOSBets hack.
Team:
The OATH team is comprised of internationally diversified team members.
Yin Xu is the CEO and co-founder of OATH and holds a Bachelor of Science in Computer Science from University of Wisconsin. He counts with previous entrepreneurial experience and more than 10 years of experience as a software engineer.
Jenny Vatrenko is the COO and co-founder of OATH. She has a degree in law from Georgetown University and previously worked for a number of law firms.
Hongwei Wang is the third co-founder of OATH and the Head of Engineering. He has more than 10 years of engineering experience and previously worked for Google.
Will Zhang is the last co-founder of OATH and holds a Master in Computer Science. He is a serial entrepreneur and previously founded a cryptocurrency exchange.
Besides the co-founders there are several other people working for OATH in areas such as design, quantitative modelling, content management and business development.
The team of advisors of OATH includes
Jia Tian, a cryptocurrency investor,
Huawei Kong, a researcher,
Xiahong Lin, an investor and entrepreneur,
David Hong, a lawyer,
Dafeng Guo, an entrepreneur,
Rui Zhang, a lawyer and entrepreneur,
Zainan Zhou, a Senior Engineer at Google, and
Annetta Li, a marketing manager.
Jia Tian, a cryptocurrency investor,
Huawei Kong, a researcher,
Xiahong Lin, an investor and entrepreneur,
David Hong, a lawyer,
Dafeng Guo, an entrepreneur,
Rui Zhang, a lawyer and entrepreneur,
Zainan Zhou, a Senior Engineer at Google, and
Annetta Li, a marketing manager.
OATH Utility:
OATH is an ERC-20 (Ethereum-based) token intended to provide three utilities:
1: it allows participants to access the dispute resolution and governance platform
2: it rewards jurors for making good decisions (voting for the winning party)
3: holding OATH will give jurors the ability to increase their “credit level” and, as a result, be eligible for higher awards.
For more information:
Author: BDCRYPTO EXPERT
Bitcointalk name: Manlog
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1582336
Eth address: 0x4Ba91a88923eE797bE4934969738E95C7607fcFC
Bitcointalk name: Manlog
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1582336
Eth address: 0x4Ba91a88923eE797bE4934969738E95C7607fcFC
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