OATH Protocol ICO Review
Hello everyone....!!!!
we meet again on this occasion, and next time I will review a little about OATH Protocol.
for more details, let's be the same, refer to the following article:
WHATS OATH
Oath Protocol may be a commonplace blockchain governance and dispute resolution protocol. It provides a layer two cross-chain infrastructure that may be designed into public chains and dApps, and it uses a suburbanised panellist community to participate in decision-making on the blockchain.
Oath Protocol is sculptured on the common law legal system and uses settings and algorithms to confirm that the jurors area unit selected from a various pool (the characteristics and range of jurors will be set by the parties) and don’t serve on over one jury along. Jurors’ identities area unit hid from the parties. Oath Protocol can take little a part of arbitration fee as a revenue supply, and jurors WHO create the proper call can take the remainder as a bequest. Overall, Oath Protocol provides a governance resolution for the disputes and things that can’t be predefined in sensible contract.
What area unit the tokens used for and the way will the token price appreciate?
OATH is associate degree ERC-20 (Ethereum-based) token that facilitates engagement among participants on the platform as its internal currency. Users (partner dApps associate degreed chains) can ought to deposit an agreed-on quantity of OATH tokens to initiate the protocol. To earn OATH tokens, the platform users can ought to contribute to dispute resolution or different community services or run nodes. they will additionally earn rewards for balloting for the winning party. This behavior modification is admire Augur.
Jurors on the platform are going to be incentivized to carry OATH tokens to extend their credit level (which will increase rewards), decreasing the overall token provide on secondary markets. As additional suburbanised applications use Oath Protocol for dispute resolution on their platforms, the capitalization and price of the token could increase with redoubled demand and faded provide.
Overview
What does the company/project do?
OATH is a layer two blockchain protocol for enabling dispute resolution on public blockchains. In essence it is a governance solution that relies on the judgement of a jury that is formed out of a decentralized community. The identity of jurors remains hidden. The composition of the jury for a given dispute is random. Jurors are required to vote independently based on the evidence provided in the smart contract. The characteristics and number of jurors can be agreed by the contract parties. OATH will earn money from dispute resolutions and will forward some of these proceeds to jury participants. OATH is the solution that will step in whenever the code written in smart contracts will be insufficient to establish consensus among market participants.
What are the tokens used for and how can the token value appreciate?
The OATH token is the internal currency of the platform and is issued as an ERC-20 token. Users can obtain OATH tokens for resolving disputes on the platform, for running nodes and for providing community service. Only the jury members who will vote correctly as voted by the majority will be rewarded with tokens. This incentive model is comparable to Augur. The market capitalization and prosperity of the token will depend on how many decentralized applications will use OATH for resolving disputes on their platform.
How advanced is the project?
OATH counts with a white paper, a one pager that summarizes the protocol for less technical investors and an active Medium based blog where updates are presented. The OATH team secured an investment from a range of blockchain focused investment funds and managed to negotiate a partnership agreement with NEM, which makes it the default dispute resolution protocol on top of NEM. NEM is among the top 20 leading cryptocurrencies measured by market capitalization. In addition, OATH got several high level press coverages in recognized financial media outlets such as Yahoo Finance or newsbtc.com. The OATH MVP is expected to launch in early 2019.
Product
From a technical perspective OATH provides extensions to existing smart contract programming languages and an infrastructure layer for decentralized applications. Developers will be able to integrate OATH as the platform that will resolve disputes in case that contract parties disagree.
The potential use cases of the OATH protocol include over the counter cryptocurrency trading, e-commerce dispute resolution, blockchain powered insurance solutions, liability determination for blockchain based rental agreements, content management for decentralized content platforms and social networks, determination of outcomes for oracle platforms and public blockchain governance.
Strength and Opportunities
OATH, unlike some competitors, is blockchain agnostic. This means the success of the OATH protocol is not dependent on the success of a particular public blockchain.
OATH is serving a need that arises based on the emergence of the internet of value and blockchain based business relationships. Once smart contracts get more popular dispute resolution inevitably will become necessary. If OATH can build a user-friendly and highly functional product there is a good chance that the market will adopt it given the fact it is one of the first dispute management solutions.
OATH was able to present a number of partnerships with already established blockchain projects. Besides NEM OATH also announced a partnership with QuarkChain, a blockchain with a distinctive approach towards using sharding technology. QuarkChain is currently among the top 150 cryptocurrencies valued by market capitalization. OATH plans to leverage the communities of their partners for recruiting jurors and for leveraging their own community strength.
Team
The OATH team is comprised of internationally diversified team members.
ROADMAP
Verdict
The idea presented by OATH protocol is very intriguing, since it solves a problem that the algorithms that run behind the smart contracts of public blockchains can’t solve. OATH may not be the first or the only dispute resolution platform, but their team, investors and white paper are compelling.
MORE INFORMATION:
Website: https://oathprotocol.com/
Whitepaper: https://www.oathprotocol.com/files/OATH-Whitepaper-EN.pdf
Twitter: https://twitter.com/OathProtocol
Facebook: https://www.facebook.com/oathprotocol
Medium: https://medium.com/@oathprotocol
Author: Red devil
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1862312
we meet again on this occasion, and next time I will review a little about OATH Protocol.
for more details, let's be the same, refer to the following article:
WHATS OATH
Oath Protocol may be a commonplace blockchain governance and dispute resolution protocol. It provides a layer two cross-chain infrastructure that may be designed into public chains and dApps, and it uses a suburbanised panellist community to participate in decision-making on the blockchain.
Oath Protocol is sculptured on the common law legal system and uses settings and algorithms to confirm that the jurors area unit selected from a various pool (the characteristics and range of jurors will be set by the parties) and don’t serve on over one jury along. Jurors’ identities area unit hid from the parties. Oath Protocol can take little a part of arbitration fee as a revenue supply, and jurors WHO create the proper call can take the remainder as a bequest. Overall, Oath Protocol provides a governance resolution for the disputes and things that can’t be predefined in sensible contract.
What area unit the tokens used for and the way will the token price appreciate?
OATH is associate degree ERC-20 (Ethereum-based) token that facilitates engagement among participants on the platform as its internal currency. Users (partner dApps associate degreed chains) can ought to deposit an agreed-on quantity of OATH tokens to initiate the protocol. To earn OATH tokens, the platform users can ought to contribute to dispute resolution or different community services or run nodes. they will additionally earn rewards for balloting for the winning party. This behavior modification is admire Augur.
Jurors on the platform are going to be incentivized to carry OATH tokens to extend their credit level (which will increase rewards), decreasing the overall token provide on secondary markets. As additional suburbanised applications use Oath Protocol for dispute resolution on their platforms, the capitalization and price of the token could increase with redoubled demand and faded provide.
Overview
What does the company/project do?
OATH is a layer two blockchain protocol for enabling dispute resolution on public blockchains. In essence it is a governance solution that relies on the judgement of a jury that is formed out of a decentralized community. The identity of jurors remains hidden. The composition of the jury for a given dispute is random. Jurors are required to vote independently based on the evidence provided in the smart contract. The characteristics and number of jurors can be agreed by the contract parties. OATH will earn money from dispute resolutions and will forward some of these proceeds to jury participants. OATH is the solution that will step in whenever the code written in smart contracts will be insufficient to establish consensus among market participants.
What are the tokens used for and how can the token value appreciate?
The OATH token is the internal currency of the platform and is issued as an ERC-20 token. Users can obtain OATH tokens for resolving disputes on the platform, for running nodes and for providing community service. Only the jury members who will vote correctly as voted by the majority will be rewarded with tokens. This incentive model is comparable to Augur. The market capitalization and prosperity of the token will depend on how many decentralized applications will use OATH for resolving disputes on their platform.
How advanced is the project?
OATH counts with a white paper, a one pager that summarizes the protocol for less technical investors and an active Medium based blog where updates are presented. The OATH team secured an investment from a range of blockchain focused investment funds and managed to negotiate a partnership agreement with NEM, which makes it the default dispute resolution protocol on top of NEM. NEM is among the top 20 leading cryptocurrencies measured by market capitalization. In addition, OATH got several high level press coverages in recognized financial media outlets such as Yahoo Finance or newsbtc.com. The OATH MVP is expected to launch in early 2019.
Product
From a technical perspective OATH provides extensions to existing smart contract programming languages and an infrastructure layer for decentralized applications. Developers will be able to integrate OATH as the platform that will resolve disputes in case that contract parties disagree.
The potential use cases of the OATH protocol include over the counter cryptocurrency trading, e-commerce dispute resolution, blockchain powered insurance solutions, liability determination for blockchain based rental agreements, content management for decentralized content platforms and social networks, determination of outcomes for oracle platforms and public blockchain governance.
Strength and Opportunities
OATH, unlike some competitors, is blockchain agnostic. This means the success of the OATH protocol is not dependent on the success of a particular public blockchain.
OATH is serving a need that arises based on the emergence of the internet of value and blockchain based business relationships. Once smart contracts get more popular dispute resolution inevitably will become necessary. If OATH can build a user-friendly and highly functional product there is a good chance that the market will adopt it given the fact it is one of the first dispute management solutions.
OATH was able to present a number of partnerships with already established blockchain projects. Besides NEM OATH also announced a partnership with QuarkChain, a blockchain with a distinctive approach towards using sharding technology. QuarkChain is currently among the top 150 cryptocurrencies valued by market capitalization. OATH plans to leverage the communities of their partners for recruiting jurors and for leveraging their own community strength.
Team
The OATH team is comprised of internationally diversified team members.
ROADMAP
Verdict
The idea presented by OATH protocol is very intriguing, since it solves a problem that the algorithms that run behind the smart contracts of public blockchains can’t solve. OATH may not be the first or the only dispute resolution platform, but their team, investors and white paper are compelling.
MORE INFORMATION:
Website: https://oathprotocol.com/
Whitepaper: https://www.oathprotocol.com/files/OATH-Whitepaper-EN.pdf
Twitter: https://twitter.com/OathProtocol
Facebook: https://www.facebook.com/oathprotocol
Medium: https://medium.com/@oathprotocol
Author: Red devil
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1862312
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