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Title: First distributed oracles all set up (Orisi / Bit-thereum) Post by: kolinko on June 13, 2014, 09:23:47 AM We just finished the first implementation of M of N oracles as explained in Orisi Whitepaper http://github.com/orisi/wiki/wiki/Orisi-White-Paper (http://github.com/orisi/wiki/wiki/Orisi-White-Paper) and in Gavin's bit-thereum post: http://gavintech.blogspot.com/2014/06/bit-thereum.html (http://gavintech.blogspot.com/2014/06/bit-thereum.html)
The nodes' addresses and information is listed at http://oracles.li/ (http://oracles.li/) The oracles right now support just one command - a "timelock". It allows you to lock BTC funds on a multisig address for a period of time selected by you. The funds get unlocked only with both your signature, and signatures of above 51% of oracles you selected. Oracles will sign deliver their signatures once the time is up, and they have no way of running away with funds. Here's the Orisi documentation https://github.com/orisi/orisi/blob/master/INSTALL.md (https://github.com/orisi/orisi/blob/master/INSTALL.md). You can set up your own oracle server node, or you can launch a client and perform a basic timelock transaction. Other transaction kinds are coming soon - next week we'll probably have transactions depending on Bitstamp's BTCUSD price, and a generic mediation module depending on a word appearing on an url address (similar to http://earlytemple.com (http://earlytemple.com), but distributed) |